SOURCE: Rothman Research

Rothman Research

August 24, 2010 09:08 ET

Analyst Research on T. Rowe Price and Eaton Vance -- Economic Recovery Concerns Prompt a Wait and See Stance in the Asset Management Industry

JOHANNESBURG, SOUTH AFRICA--(Marketwire - August 24, 2010) -  www.RothmanResearch.com probes the current macroeconomic environments pressuring the asset management industry in light of a slow-paced economic recovery and offers members methodical research on T. Rowe Price Group Inc. (NASDAQ: TROW) and Eaton Vance Corp. (NYSE: EV). Register for a free membership now on www.rothmanresearch.com to have full access to these complimentary reports and more.

Financial asset management companies made strong strides towards recovery during a strong second quarter 2010 but are now returning to battle market volatility. During the second quarter, top asset management companies generally saw an increase in year over year revenues. The recent flurry of pessimism has significantly affected the likelihood of positive short growth.

www.rothmanresearch.com is a source for investors seeking free information on the asset management industry; investors and shareholders of T. Rowe Price Group Inc. and Eaton Vance Corp. are encouraged to sign up for free at http://www.rothmanresearch.com/index.php?id=6&name=Register.

Poor short-term growth for asset management companies could also stunt long-term progress as well in a few ways. The lack of short-term growth often narrows profit margins. With profit margins narrowed, asset managers tend to focus attention on managing short-term losses and improving efficiency. Capital investments to stimulate long-term growth are in turn lowered.

The general trend in the industry appears to be the adoption of a wait and see approach with regards to the global economic recovery. In addition to global recovery, asset managers are still waiting to fully see the ramifications of recently passed financial reform legislation. 

During this quarter's earnings announcement in the Asset Management Industry, T. Rowe Price Group Inc. posted a 59% surge in net income to $158.5 million as compared to last year's profits of $100 million as a result of higher investment advisory fees. Eaton Vance Corp. also saw its earnings grow by 34% to reach $41.8 million in contrast to $31.2 million posted in the same quarter in 2009. www.rothmanresearch.com provides technical analysis and free downloadable research reports on T. Rowe Price Group Inc. and Eaton Vance Corp. by signing up now at

http://www.rothmanresearch.com/article/trow/23897/Aug-24-2010.html or

http://www.rothmanresearch.com/article/ev/23898/Aug-24-2010.html

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