BAML 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.
BAML cuts its Q2 profit expectations for asset managers another 4% as their equity funds lost...
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