Investment Managers Q2 Earnings Slated On Jul 25: AMP, TROW
Zacks Investment Research | Jul 23, 2017 09:27PM ET
Investment management (part of the broader Finance sector) industry performed reasonably well over the past several quarters. This time as well, the industry is expected to report decent results.
As the equity market volatility remained low, increase in equity-based assets is expected. While the S&P 500 Index gained 3.1% in the quarter, it underperformed both non-U.S. developed and emerging markets. Hence, asset managers with global presence are expected to record a rise in equity asset under management (AUM).
Further, rising interest rates are expected to lead to decline in fee waivers. Also, demand for alternative investment sources might have aided revenue growth for the investment managers. However, rise in operating expenses, as they aggressively market their products, is expected to slightly hurt the bottom line.
Notably, per the Will Ameriprise be Able to Beat Q2 Earnings Estimates? )
Notably, this Zacks Rank #3 stock surpassed the Zacks Consensus Estimate in two of the trailing four quarters, as reflected in the chart below:
AMERIPRISE FINANCIAL SERVICES, INC. Price and EPS Surprise
T. Rowe Price to Post Q2 Earnings: A Beat in Store? )
Nevertheless, this Zacks Rank #2 (Buy) stock doesn’t have a decent surprise history, having beaten the Zacks Consensus Estimate only once in the trailing four quarters, as depicted in the chart below:
T. Rowe Price Group, Inc. Price and EPS Surprise
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