Elsewhere, London-based Amvescap (AVZ Quote) said its second-quarter profit totaled $117.4 million, or 15 cents a share, up from $71.3 million, or 9 cents a share, a year earlier.
Average assets under management reached $414.6 billion at the end of June, compared to $401.3 billion at the end of March, and up substantially from the $373.1 billion recorded in the second quarter of 2005. And smaller money management firm W.P. Stewart(WPL Quote) said its second-quarter net income fell to $9.6 million, or 21 cents a share, from $12.3 million, or 27 cents a share, in the previous year. Excluding a charge of 5 cents a share, earnings met analysts' mean estimate of 26 cents a share. W.P. Stewart's assets under management at the end of June declined by about $900 million from March to $8.4 billion, compared with $8.8 billion a year earlier. The company also announced it will switch to a single-fee structure, with no charge for brokerage commissions. Shares were recently trading down $3.03, or 20%, to $12.28.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,285.97 | 1,091.93 | 2,172.99 | 33.92 |
Oil *
75.40
|
|
DOWN
104.14
|
DOWN
11.32
|
DOWN
16.62
|
DOWN
0.56
|
10 Yr
3.39%
SPDR Gold
110.95
|
|
-1.00%
|
-1.03%
|
-0.76%
|
-1.62%
|
Data delayed 20 minutes |














