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Earnings Preview: Bank of New York Mellon Earnings Expected to Increase Over Last Quarter
Friday, July 15, 2011 - 10:32am | 663It's time to gear up for Bank of New York Mellon (NYSE: BK) earnings! Keep your head in the game: The company releases its next round of earnings this Tuesday, July 19, 2011. Want to get all the facts ahead of this Tuesday's announcement? We thought so. Here's an advanced look at Bank of New...
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Northern Earnings Preview: Analysts Predict Higher Earnings Over Prior Quarter
Friday, July 15, 2011 - 10:16am | 540Northern (NASDAQ: NTRS) earnings are right around the corner! Don't be caught off-guard: The company unveils its next round of earnings this Wednesday, July 20, 2011. Wondering what to expect from this Wednesday's announcement? Don't worry. Here's your essential guide to Northern's second quarter...
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BlackRock Earnings Preview: Revenue, Earnings Expected to Fall from Previous Quarter
Friday, July 15, 2011 - 9:40am | 547Now's the time to start prepping for BlackRock (NYSE: BLK)! Don't be caught off-guard: The company releases its next round of earnings this Wednesday, July 20, 2011. Need to cram before Wednesday's earnings release? We've got just the thing. Here's an advanced look at BlackRock's second quarter...
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Janus Reports Restricted Stock Awards to New Co-Portfolio Manager and General Counsel
Thursday, July 14, 2011 - 4:16pm | 105Janus Capital Group Inc. (NYSE: JNS) today reported restricted stock awards made to Christopher Diaz and David Grawemeyer. Both awards were granted on June 27, 2011, in accordance with the Company's granting procedures. Mr. Diaz, who joined the firm in May of 2011 as Co-Portfolio Manager of Janus...
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Eaton Vance Authorizes Repurchase of Up to 8M Shares
Wednesday, July 13, 2011 - 2:17pm | 71The Board of Directors of Eaton Vance Corp. (NYSE: EV) today declared a quarterly dividend of $0.18 per share on its common stock. The dividend is payable August 12, 2011 to shareholders of record on July 29, 2011. The Board also authorized the repurchase of up to 8.0 million shares of the...
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More Bad News For Mutual Funds: ETF Assets Set To Double
Wednesday, July 13, 2011 - 12:57pm | 338The mutual fund crowd may have been breathing a slight sight of relief when the total assets under management at the nearly 1,300 U.S.-listed exchange-traded products dipped to $1.09 trillion at the end of June from $1.11 trillion at the end of May, but that respite may short lived. BNY Mellon (...
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LML Settles Litigation With Northern Trust; Will Receive $1.25M
Wednesday, July 13, 2011 - 9:32am | 134LML Patent Corp., a wholly-owned, indirect subsidiary of LML Payment Systems Inc. (Nasdaq: LMLP) announced today that it has agreed to the terms of a Settlement and License Agreement with The Northern Trust Company and Northern Trust Corporation (NASDAQ: NTRS) with respect to litigation filed by...
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Citi Lowers Estimates On AllianceBernstein Holding
Wednesday, July 13, 2011 - 9:08am | 76According to Citi, AllianceBernstein Holding (NYSE: AB) estimates are lowered. Citi said that the Hold rating is maintained. “While disclosure is incrementally negative and we see nearly 10% stock price downside risk, a nearly 8% annualized distribution yield keeps us from a Sell. However, the...
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Jefferies Comments on Invesco Total AUM
Wednesday, July 13, 2011 - 8:06am | 71“IVZ reported June 30th total AUM of $653.7B, down 1.2% m/m and slightly below our $655B estimate,” Jefferies wrote in a report focusing on Invesco (NYSE: IVZ). “Importantly, total long term flows were positive highlighted by flows into fixed income and alternatives. Not surprisingly, flow trends...
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Legg Mason Reports Assets Under Management of $663B for June 2011
Wednesday, July 13, 2011 - 7:56am | 23Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $663 billion as of June 30, 2011.
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U.S. ETF Assets Expected to Double to $2T in 2015 -BNY
Wednesday, July 13, 2011 - 7:23am | 57According to a New Bank of New York Mellon/Strategic Insight Report, assets in exchange-traded funds "ETFs" in the U.S. are expected to double to $2 trillion before the end of 2015. This comes according to a new whitepaper from Bank of New York Mellon (NYSE: BK) and Strategic Insight.
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Credit Suisse Raises PT On IVZ, FAST
Wednesday, July 13, 2011 - 6:05am | 42Credit Suisse has raised the price targets on the following companies: Invesco (NYSE: IVZ) Outperform, PT from $30 to $31 Fastenal Company (NASDAQ: FAST) Neutral, PT from $31.50 to $39
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AllianceBernstein L.P. and AllianceBernstein Holding L.P Announces Decreases in AUM from $473B to $461B
Tuesday, July 12, 2011 - 4:22pm | 32AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) today announced that preliminary assets under management decreased to $461 billion from $473 billion during June 2011.
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Invesco Announces Prelim Month-End Assets Under Management of $653.7B, Dwon 1.2% MoM
Tuesday, July 12, 2011 - 4:02pm | 86Invesco Ltd. (NYSE: IVZ) today reported preliminary month-end assets under management of $653.7 billion, a decrease of 1.2% month over month. The decrease largely resulted from the combined effects of negative market returns and negative foreign exchange. FX decreased AUM by $1.9 billion during the...
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Credit Suisse Raising Estimates On Franklin Resources
Tuesday, July 12, 2011 - 8:58am | 177Credit Suisse is raising its earnings estimates on shares of Franklin Resources (NYSE: BEN). It still rates shares at Neutral and has a $152 price target on shares. In a note to clients, Credit Suisse writes, "BEN released 6/30 AuM of $734B, up 4.4% q/q, and 1% above our previous forecast: BEN's...