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BAML cuts its Q2 profit expectations for asset managers another 4% as their equity funds lost...
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Tuesday, July 10, 2012, 10:35 AM ETBAML cuts its Q2 profit expectations for asset managers another 4% as their equity funds lost money and inflows slowed. The group includes AllianceBernstein (AB), BlackRock (BLK), and Legg Mason (LM). Eaton Vance (EV) is singled out for a downgrade, the stock's premium to its competitors "hard to justify." T. Rowe Price (TROW) gets an upgrade, thanks to strong fund performance.
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