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Wednesday, May 29
Sterne Agee's Jason Weyeneth raises estimates for asset managers who have been benefitting from...
Sterne Agee's Jason Weyeneth raises estimates for asset managers who have been benefitting from strong markets. His top pick is Invesco (IVZ) thanks a discounted valuation combining with "rapidly expanding margins, strong diversified organic growth, (and) a well-balanced platform." Not everyone is gaining equally, he says, as weaker-than-expected inflows are an issue at T. Rowe Price (TROW), BlackRock (BLK), and Federated Investors (FII).