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Invesco takes $1.2 billion impairment hit, management fees also down
Proactive Investors· 2024-01-23 18:57
About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...
Invesco's (IVZ) Stock Slides Despite Q4 Earnings Beat, AUM Up
Zacks Investment Research· 2024-01-23 16:00
Invesco’s (IVZ) fourth-quarter 2023 adjusted earnings of 47 cents per share handily surpassed the Zacks Consensus Estimate of 38 cents. The bottom line grew 20.5% from the prior-year quarter.Shares of Invesco lost 3.1% in pre-market trading on persistent top-line weakness.Results benefited from an increase in assets under management (AUM) balance on decent inflows. However, a rise in operating expenses and lower revenues were the undermining factors.On a GAAP basis, net loss attributable to common sharehold ...
Invesco (IVZ) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research· 2024-01-23 16:00
For the quarter ended December 2023, Invesco (IVZ) reported revenue of $1.05 billion, down 5.6% over the same period last year. EPS came in at $0.47, compared to $0.39 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.11 billion, representing a surprise of -5.61%. The company delivered an EPS surprise of +20.51%, with the consensus EPS estimate being $0.39.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...
Invesco(IVZ) - 2023 Q4 - Earnings Call Transcript
2024-01-23 15:28
Invesco Ltd. (NYSE:IVZ) Q4 2023 Earnings Conference Call January 23, 2022 9:00 AM ET Company Participants Greg Ketron - Head, Investor Relations Andrew Schlossberg - President & Chief Executive Officer Allison Dukes - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Daniel Fannon - Jefferies Ken Worthington - JPMorgan Bill Katz - TD Cowen Mike Brown - KBW Brennan Hawken - UBS Brian Bedell - Deutsche Bank Craig Siegenthaler - Bank of America Michael Cyprys - Morgan Stanley Operato ...
Invesco (IVZ) Tops Q4 Earnings Estimates
Zacks Investment Research· 2024-01-23 14:06
Invesco (IVZ) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.51%. A quarter ago, it was expected that this investment management company would post earnings of $0.36 per share when it actually produced earnings of $0.35, delivering a surprise of -2.78%.Over the last four quarters, ...
Invesco(IVZ) - 2023 Q4 - Earnings Call Presentation
2024-01-23 14:02
Fourth Quarter 2023 Results Andrew Schlossberg President and Chief Executive Officer Allison Dukes Chief Financial Officer Forward-looking statements and Important Information ...
Invesco Reports Results for the Three Months and Year Ended December 31, 2023
Prnewswire· 2024-01-23 11:55
Invesco Announces Fourth Quarter Diluted EPS of $(1.64); Adjusted Diluted EPS(1) of $0.47 Intangible impairment of $1.2 billion negatively impacted Fourth Quarter Diluted EPS by $2.10 ATLANTA, Jan. 23, 2024 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) today reported financial results for the three months and year ended December 31, 2023. $6.7 billion of net long-term inflows for the quarter, with net long-term inflows of $12.4 billion from ETFs, $1.4 billion from active fixed income, $1.5 billion from Greater ...
Former CEO of S&P Dow Jones Indices Alexander J. Matturri, Jr. Joins SOFR Academy
Businesswire· 2024-01-22 15:03
NEW YORK--(BUSINESS WIRE)--Today, SOFR Academy, Inc, an economic education and market information provider, announced the appointment of Alexander J. Matturri, Jr. as Senior Advisor to the firm effective immediately. Mr. Matturri was previously Chief Executive Officer of S&P Dow Jones Indices (“S&P DJI”), a position he held from 2007 until retiring in 2020. He led the expansion of the S&P DJI’s index business via strategic partnerships with global stock exchanges, relationships with financial institution ...
Invesco Advisers, Inc. Announces Appointment of New Trustees for Closed-End Funds
Prnewswire· 2024-01-18 21:15
ATLANTA, Jan. 18, 2024 /PRNewswire/ -- Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ), announced today that the Boards of Trustees (the "Boards") of Invesco Advantage Municipal Income Trust II (VKI), Invesco Bond Fund (VBF), Invesco California Value Municipal Income Trust (VCV), Invesco High Income 2024 Target Term Fund (IHTA), Invesco High Income Trust II (VLT), Invesco Municipal Income Opportunities Trust (OIA), Invesco Municipal Opportunity Trust (VMO), Invesco Municipal Trust (VKQ), In ...
Invesco (IVZ) Expected to Beat Earnings Estimates: Should You Buy?
Zacks Investment Research· 2024-01-16 16:18
The market expects Invesco (IVZ) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 23, 2024, might help the stock move higher if these key numbers are bet ...