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Stock Market & Financial Investment News

News Breaks
January 16, 2014
05:41 EDTEV, IVZEaton Vance downgraded to Sell from Neutral at Citigroup
Citigroup downgraded Eaton Vance (EV) to Sell citing worsening fund flows and lowered its price target for shares to $37 from $40. Citi recommends a pair trade of long Invesco (IVZ), short Eaton Vance.
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August 25, 2014
06:44 EDTIVZReport on Invesco not new, says Citigroup
After the Wall Street Journal indicated that a U.K. platform was pulling $1.1B from Invesco and moving it to former Invesco investment manager Neil Woodford, Citgroup thinks that Invesco already accounted for the loss of the platform in post Q2 comments. .Citi does not believe that Woodford is making "widespread" gains at Invesco's expense. Citi keeps a Buy rating on Invesco.
August 20, 2014
09:00 EDTEVEaton Vance CEO sees "improved organic growth in the coming quarters"
Eaton Vance CEO Thomas Faust Jr., stated, "Although flows remain disappointing, continued development of emerging franchises and strong investment performance support improved organic growth in the coming quarters."
08:58 EDTEVEaton Vance reports Q3 adjusted EPS 63c, consensus 62c
Reports Q3 revenue $367.6M, consensus $365.29M.

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