BUZZ-Invesco shares rise on Q4 profit beat, higher fees

Reuters
28 Jan
BUZZ-Invesco shares rise on Q4 profit beat, higher fees

** Asset manager Invesco's IVZ.N shares rise 2.3% in premarket trading as Q4 profit beat estimates

** Co reports adj. profit of $237.3 million for the quarter, up 12% from the year-ago period

** Also reports Q4 adj. EPS of 52 cents/share, beating expectations of 47 cents/share - LSEG data

** Avg. AUM rises 20.4% to $1.82 trillion

** Investment management fees rose 12.4% to $1.13 billion during the reported quarter

** Co. also reports higher inflows and performance fees

** Three of 17 brokerages rate the stock "buy" or higher, 13 "hold" and 1 "sell"; their median PT is $18.25 - LSEG data

** IVZ has risen 1.5% this month as of Monday's close, after falling 2% in 2024

(Reporting by Ateev Bhandari in Bengaluru)

((Ateev.Bhandari@thomsonreuters.com;))

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