Increase in revenues mainly drove the earnings improvement for Invesco (IVZ).
Investment managers are likely to report decent results driven by positive markets, favorable currencies and better-than-expected flows.
In the absence of any revenue catalyst, higher expenses on property, office and technology might dampen Invesco's (IVZ) Q2 earnings.
Invesco (IVZ) offers a profitable investment opportunity driven by steady earnings growth and a strong liquidity position.
We discuss some of the factors that could contribute to a sustained recovery in the sector.
Macron's record win in French parliamentary election makes European mutual funds more attractive.
Baltimore-based Legg Mason Inc. (LM) reported a fall in its assets under management (AUM) as of May 31, 2017, compared with the prior month. Preliminary month-end AUM came in at $726.6 billion, slightly down from Apr 2017.
Invesco (IVZ) announced 2.1% increase in its preliminary month-end AUM for May 2017.