Previous close | 8.59 |
Open | 6.30 |
Bid | 6.50 |
Ask | 6.80 |
Strike | 115.00 |
Expiry date | 2025-01-17 |
Day's range | 6.30 - 6.92 |
Contract range | N/A |
Volume | |
Open interest | 194 |
T. Rowe Price's (TROW) Q2 earnings benefit from higher net revenues and an improvement in the AUM balance. A rise in liquidity allows continued investing. However, a rise in expenses is a woe.
The growing popularity of low-cost, passively managed funds has taken market share away from active managers such as T Rowe. The market rally helped T Rowe's assets under management (AUM) withstand the onslaught. At the end of the quarter, the company's AUM, which determines its fees, grew 12% to $1.57 trillion despite $3.7 billion of net outflows.
BALTIMORE (AP) — T. Rowe Price Group Inc. TROW) on Friday reported second-quarter earnings of $483.4 million. The Baltimore-based company said it had profit of $2.11 per share.