Previous close | 0.5500 |
Open | 0.5500 |
Bid | 0.1500 |
Ask | 1.7500 |
Strike | 155.00 |
Expiry date | 2025-01-17 |
Day's range | 0.5500 - 0.5500 |
Contract range | N/A |
Volume | |
Open interest | 232 |
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.