New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 11, 2013
13:05 EDTLMLegg Mason advances after Gabelli takes stake, report of new CEO
Shares of asset management company Legg Mason (LM) are rising after investment firm Gabelli announced that it had obtained a 5.13% stake in Legg Mason as of February 8. Separately, Legg Mason reported that its assets under management increased to $654B as of January 31, up from $649B as of December 31. Meanwhile, Dow Jones reported mid-day that the company would name a new CEO this week following a five month search. Several "high profile" executives declined to take the job, the news service added. In early afternoon trading, Legg Mason rose 1.5% to $27.62, down from its high for the day of $28.08.
News For LM From The Last 14 Days
Check below for free stories on LM the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 25, 2014
07:33 EDTLMLegg Mason acquisition positive, says Wells Fargo
After Legg Mason agreed to buy international equity manager Martin Currie, Wells Fargo thinks the deal will enable Legg Mason to gain a foothold in international equity, while enabling Currie to leverage Legg Mason's retail distribution channel. The firm does not expect the deal to affect Legg Mason's share buybacks. It keeps an Outperform rating on the shares.
July 24, 2014
08:32 EDTLMLegg Mason acquires Martin Currie
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use