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Stock Market & Financial Investment News

News Breaks
May 12, 2014
07:58 EDTLMLegg Mason reports assets under management of $673B as of April 30
This month's AUM reflected favorable markets including approximately $800M of positive foreign exchange, and solid long-term inflows. Long-term inflows were driven by significant fixed income inflows partially offset by modest equity outflows, includingB $1B in previously discussed equity redemptions. Liquidity AUM reflects approximately $20 billion in previously disclosed redemptions. Effective April 1, 2014, certain client assets previously reported as AUM have been reclassified as Assets Under Advisement. As a result of this change $12.4B of AUA are excluded for the month of April1.
News For LM From The Last 14 Days
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August 1, 2014
08:13 EDTLMLegg Mason weakness creates buying opportunity, says Wells Fargo
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July 31, 2014
07:03 EDTLMLegg Mason reports Q1 adjusted EPS 91c, consensus 56c
Reports Q revenue $693.9M, consensus $704.36M. Assets Under Management were $704.3B, up slightly from $701.8B as of March 31 and up 9% from $644.5B as of June 30, 2013.
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
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