The Baltimore Business Journal (Free subscription) | yesterday
T. Rowe Price Group Inc. continued to weather a turbulent economy, reporting flat second-quarter earnings. (TROW)
Law Blog - WSJ.com (Free subscription) | yesterday
T. Rowe Price Group Inc.'s second-quarter net income was flat amid a volatile market with deteriorating investor sentiment.
Law Blog - WSJ.com (Free subscription) | yesterday
Asset managers experienced a tough quarter, as Legg Mason swung to a loss amid charges for shoring up some of its funds and T. Rowe Price Group's net was flat as investor sentiment deteriorated amid volatile markets.
Market Watch (Free subscription) | yesterday
BOSTON (MarketWatch) -- Investment manager T. Rowe Price Group Inc. before Friday's opening bell said its second-quarter net income was unchanged from a year earlier at $162.2 million. On a per-share basis, profit rose to 60 cents from 58 cents. Net revenue rose to $586.5 million from $551.1 million. Wall Street analysts polled by Thomson Reuters had forecast earnings of 60 cents a share on revenue...
PR News Wire (Free subscription) | yesterday
BALTIMORE, July 25 /PRNewswire-FirstCall/ -- T. Rowe Price Group, Inc. (Nasdaq: ) today reported its second quarter 2008 results, including net revenues of nearly $587 million, net income of $162 million, and diluted earnings per share of $.60, an increase of 3% from $.58 per share in the comparable 2007 quarter. Net revenues were $551 million in the second quarter of 2007 when net income was also...
Market Watch (Free subscription) | 07/18/2008
Christine Fahlund, senior financial planner for the T. Rowe Price Group, says that putting off retirement and the start of Social Security payments can let a consumer play catch-up on their savings, even in current market conditions. In a radio interview, Fahlund cited T. Rowe Price research showing that delaying retirement and Social Security from age 62 to age 70 can double a person's income in retirement....
Market Watch (Free subscription) | 07/11/2008
BOSTON (MarketWatch) -- Credit jitters and an analyst price-target cut pushed shares of T. Rowe Price Group Inc. lower by more than 2% in afternoon trading Friday. Analysts at Friedman Billings Ramsey on Friday reiterated their underperform rating on T. Rowe shares and cut their price target to $50 from $52 on potentially lower asset flows. "Despite being one of the better run asset managers, we remain...
Do it for BUSINESS (Free subscription) | 07/09/2008
Price Group shares rise on 1Q earnings growth Thursday April 24, 7:58 pm ET Shares of T.Price Group skyrocket on 1st-qtr earnings growth, strong cash inflows NEW YORK (AP) Shares of T.Price Group Inc.Thursday after the investment manager said its first-quarter earnings jumped 6 percent even as the stock market struggled.Rowe Price shares rose $6.11.To $60.Shares have traded between $43 and $65.The...
ICKPLUS (Free subscription) | 06/20/2008
No. 29: T. Rowe Price Group Industry: Financials Sales: $2.2 billion Net Income: $670.6 million Money manager T. Rowe Price's ( TROW )steady performance continues to attract legions of investors. About three-quarters of the Baltimore firm's mutual funds outperformed their peers over the past 3, 5, and 10 years through the end of 2007. In a mediocre year for the stock market, assets rose almost 20%,...
The Baltimore Business Journal (Free subscription) | 06/05/2008
Money manager T. Rowe Price Group Inc.'s board has given the company approval to buy back up to 15 million more shares of its stock. (TROW)
Market Watch (Free subscription) | 06/05/2008
SAN FRANCISCO (MarketWatch) -- The T. Rowe Price Group's board on Thursday approved a 15 million share increase in the company's stock repurchase plan, bringing the total program to 21.1 million shares. The board also declared a quarterly dividend of 24 cents to be paid on June 27 to stockholders of record as of the close of business on June 16. Market Pulse Stories are Rapid-fire, short news bursts...
The Washington Times (Free subscription) | 04/25/2008
T. Rowe Price Group Inc. shares rose the most in almost eight years after the mutual-fund manager...
Baltimore Sun (Free subscription) | 04/25/2008
Investments in funds set record Investors poured a record amount of money into T. Rowe Price Group's mutual funds and other investments in the first quarter, helping the Baltimore money manager's profit grow 6 percent. Price's shares jumped nearly 12 percent on yesterday's earnings news.
Market Watch (Free subscription) | 04/24/2008
The chief executive of T. Rowe Price Group Inc. says markets are working through the worst of the credit crunch as the asset manager's stock rallies on record purchases of the firm's investment products in the first quarter.
The Baltimore Business Journal (Free subscription) | 04/24/2008
Earnings at money manager T. Rowe Price Group Inc. rose by 6 percent during the first quarter amid a sluggish economy. (TROW)
