Legg Mason

Legg Mason, Inc. F1Q09 (Qtr. End 06/30/08) Earnings Call Transcript

Seeking Alpha (Free subscription) | 7 hours ago

Legg Mason, Inc. (LM) Q1 FY09 Earnings Call Complete Story »

T. Rowe Price earnings up; Legg Mason losses narrow

Examiner (Free subscription) | yesterday

Both of Baltimore's major investment firms reported earnings today, with T. Rowe posting a net income of $162 million, identical to the second quarter of 2007, and up from a net income of $151.5 million in the first quarter. Legg Mason narrowed its losses to $31.3 million last quarter from $255.5 million in the previous quarter.

Legg Mason posts loss, says strong balance sheet will carry it through

The St Louis Business Journal (Free subscription) | yesterday

Money manager Legg Mason Inc. reported its second consecutive quarterly loss Friday as it took more charges to support its money-market funds and investors continued to pull billions of dollars out of the firm. (LM) (TROW) (SF)

Legg Mason posts loss, says strong balance sheet will carry it through

The Baltimore Business Journal (Free subscription) | yesterday

Money manager Legg Mason Inc. reported its second consecutive quarterly loss Friday as it took more charges to support its money-market funds and investors continued to pull billions of dollars out of the firm. (LM) (TROW)

Legg Mason swings to quarterly loss

Market Watch (Free subscription) | yesterday

BOSTON (MarketWatch) -- Legg Mason Inc. on Friday reported a fiscal first-quarter net loss of $31.3 million, or 22 cents a share, compared with net income of $191 million, or $1.32 a share, in the year-ago period. Revenue slipped 13% to $1.05 billion, the Baltimore-based asset manager said. The quarterly loss included charges of $155.4 million, or $1.09 a share, as a result of support Legg Mason provided...

• Legg Mason Reports Results for First Quarter of Fiscal Year 2009 - PR News Wire
• Legg Mason posts loss on charges - The Earth Times Online Newspaper

Legg Mason posts wider loss, T. Rowe steady

The Earth Times Online Newspaper (Free subscription) | yesterday

BOSTON (Reuters) - U.S. asset manager Legg Mason Inc posted a wider-than-expected quarterly loss while rival T. Rowe Price reported a profit that met expectations.

Legg Mason posts loss on charges

Reuters (Free subscription) | yesterday

BOSTON (Reuters) - U.S. asset manager Legg Mason Inc posted a quarterly loss on Friday as it took charges related to a bail-out of money market funds exposed to risky securities.

Legg Mason posts Q1 loss of $US31.3m

Business Spectator (Free subscription) | yesterday

US asset manager hurt by charges related to a bail-out of money market funds. 25 Jul 2008 11:45 PM

Legg loss worse than forecast but funds stabilize

The Earth Times Online Newspaper (Free subscription) | yesterday

BOSTON (Reuters) - Legg Mason Inc posted a wider-than-expected quarterly loss as investors yanked $18.4 billion from its underperforming funds and the U.S. asset manager took a charge to bail out its money market funds that are stuck with risky securities.

Legg swings to loss, T. Rowe's net holds steady

Market Watch (Free subscription) | yesterday

Legg Mason says it swung to a quarterly loss, as the investment manager was forced to continue to provide support for its money-market funds hit by the credit crunch. Meanwhile, crosstown Baltimore rival T. Rowe Price posted flat profit, with the per-share number meeting analysts’ expectations.

Dividend.com: ITT Still Has It

The Street (Free subscription) | yesterday

The industrial player has been on a consistent run for the last two years, but still is trading at only16 times 2008 earnings.

The Wild Ride in Financials Continues

MarketBeat (Free subscription) | yesterday

The financial-sector euphoria has been washed away. After several days of frenzied scarfing down of bank stocks, investors are pulling away from the shares again amid a series of mixed earnings results, poor economic data, and firm-specific news. But mostly, the turnaround represents the anticipated decline from the massive run-up the shares enjoyed in a [...]

Legg Takes Loss; T. Rowe Net Flat

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.

Asian, Petrodollar Countries Could Buoy U.S. Stocks

Seeking Alpha (Free subscription) | yesterday

Larry MacDonald submits: Legg Mason’s renowned market strategist, Michael J. Mauboussin, has published a new study, The Sociology of Markets. In this thought-provoking piece, Mauboussin says it’s important to know the sociology of financial markets – i.e. the main participants and their objectives, modus operandi, risk preferences, etc. Complete Story »

Wall St. futures higher, durable goods data eyed

The Earth Times Online Newspaper (Free subscription) | yesterday

(Reuters) Futures for the Nasdaq were up 0.4 percent at 4:17 a.m. EDT on Friday while the the Dow Jones industrial average and the S&P were both up 0.1 percent.