Seeking Alpha

Seeking Alpha Portfolio App for iPad

605 people get LM articles and Market Currents by email alert.

Get email alerts on LM »

LM

Legg Mason Inc.

5/21/2013, 8:50 AM ET

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Wednesday, July 21, 2010, 3:11 PM Legg Mason's (LM) Bill Miller says large-cap stocks are significantly undervalued compared to bonds, and sees it as a "once in a lifetime opportunity" to buy quality companies at bargain prices. "The last time [stocks] were this cheap relative to bonds was 1951." 18 Comments
Wednesday, May 19, 2010, 12:26 PM The fund industry has wandered off its roots, says Vanguard founder John Bogle, and we'd be better off if conglomerates can't own mutual funds: "This used to be an industry based on stewardship and not on salesmanship." Only eight of the top 40 mutual fund firms are privately held, vs. publicly traded firms like Legg Mason (LM), Franklin (BEN) and Janus (JNS). 1 Comment
Thursday, May 13, 2010, 12:24 PM Legg Mason (LM +1.5%) may cut more jobs than it previously forecast, execs said in a new conference call today, as it continues to face outflows and questions about how quickly cost cuts can show a benefit. 2 Comments
Monday, May 10, 2010, 4:16 PM Legg Mason (LM): Q4 EPS of $0.39 beats by $0.04. Revenue of $671M (-2.8%) vs. $664M. Shares +1.9% AH. (PR) Comment!
Monday, May 10, 2010, 12:10 AM Notable earnings after Monday's close: AGO, FLR, LM, MBI, MDR, NUAN, PAAS, PCLN, PSYS, SLXP, TWTC, WRC Comment!
Thursday, April 1, 2010, 4:05 PM Market recap: Stocks rallied broadly on strong manufacturing data, though the technology sector sat out the gains after a weak earnings report from Research in Motion (RIMM -7.4%). On the NYSE, advancers outpaced decliners by a 2.4-to-1 margin. The top percentage gainers on the S&P were Legg Mason (LM +6.6%), NetApp (NTAP +5.1%) and Pioneer Natural Resources (PXD +4.8%). Comment!
Monday, January 25, 2010, 11:05 AM It'll be a good year for stocks, says Legg Mason's (LM) Bill Miller, but a "challenging one" for bonds. "This affinity for bonds over stocks is understandable when looking at the last 10 years, but perverse, we believe, when looking at the likely course of the next 10." He thinks large-cap stocks in particular look cheap in comparison to fixed income. 1 Comment
Thursday, January 21, 2010, 1:42 PM Withdrawals at Legg Mason (LM -7.3%) sped up into year-end, rising to $33B in outflows from $8B in the third quarter; $24B in outflows were fixed-income withdrawals. (earnings) Comment!
Thursday, January 21, 2010, 8:32 AM Legg Mason (LM): FQ3 EPS of $0.28 misses by $0.03. Revenue of $691M (-4%) vs. $682M. Shares -6% premarket. (PR) Comment!
Thursday, January 21, 2010, 12:05 AM Notable earnings before Thursday's open: APH, CAL, CMA, ESI, FCS, FITB, FNFG, GS, KEY, LM, LUV, NITE, PCP, PNC, PPG, SBIB, TCB, UNH, UNP, XRX 1 Comment
Wednesday, January 6, 2010, 9:19 AM Legg Mason's (LM) Bill Miller says the Street's underestimating the potential rate of U.S. GDP growth in 2010. Miller predicts a 20% rise in stocks over the year, on the back of significant GDP growth. 4 Comments
Wednesday, December 30, 2009, 9:24 AM Legg Mason's (LM) Bill Miller returned to near the top of fund manager rankings this year, and he's still betting on a robust U.S. rebound. "We positioned the fund for a recovery," Miller says. "Even when things were really bad last fall, it was pretty clear that there would be a cyclical bullish phase to the market." 3 Comments
Monday, October 26, 2009, 9:26 AM Legg Mason (LM +3.3%) will name activist investor Nelson Peltz to its board after he quietly accumulated a 4.3% stake. In exchange for the board seat, Peltz's Trian will agree to accumulate no more than 9.9% of the company over the next two years, and will vote its share in favor of the company's slate of nominees during that period. Read Legg Mason's statement. Comment!
Thursday, October 22, 2009, 8:17 AM Legg Mason (LM): FQ2 EPS of $0.30 beats by $0.11. Revenue of $660M (-31.7%) vs. $652M. (PR) Comment!
Thursday, October 22, 2009, 12:05 AM Notable pre-market earnings: AUO, BDK, BG, BMY, CBE, CELG, CHKP, CIT, CNX, DAL, DHR, DO, DOW, EMC, ERIC, ESV, ETR, FITB, GR, HBAN, HOT, HSY, JBLU, JNS, KMB, LCC, LH, LM, MCD, MJN, MMM, MRK, NCR, NIHD, NUE, NVS, NYT, ORI, OXY, PDS, PLD, PM, PNC, POT, R, RAI, RGC, RS, RTN, RX, SGP, STI, SY, T, TASR, TIN, TMO, TRA, TRV, UNP, UPS, XRX, ZMH Comment!
Saturday, August 15, 2009, 4:46 PM Legg Mason's (LM) Bill Miller boosts his stake in Bank of America (BAC), but trims holdings of JPMorgan (JPM), State Street (STT) and Wells Fargo (WFC). (13-F) 1 Comment