Invesco’s (IVZ) second-quarter 2024 adjusted earnings of 43 cents per share surpassed the Zacks Consensus Estimate of 41 cents. The bottom line increased 38.7% from the prior-year quarter.Results have been primarily aided by a decline in adjusted expenses. An increase in the assets under management (AUM) balance on decent inflows was a positive. However, marginally lower adjusted revenues hurt results to some extent.On a GAAP basis, net income attributable to common shareholders was $132.2 million or 29 cen ...

Group 1: Earnings Performance - Invesco reported quarterly earnings of $0.43 per share, exceeding the Zacks Consensus Estimate of $0.40 per share, and up from $0.31 per share a year ago, representing an earnings surprise of 7.50% [1] - The company posted revenues of $1.09 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.04%, consistent with year-ago revenues of $1.09 billion [1] - Over the last four quarters, Invesco has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [1] Group 2: Stock Performance and Outlook - Invesco shares have declined approximately 7.6% since the beginning of the year, while the S&P 500 has gained 16.7% [2] - The company's earnings outlook is crucial for investors, as empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions [3] - The current consensus EPS estimate for the upcoming quarter is $0.43 on $1.1 billion in revenues, and for the current fiscal year, it is $1.64 on $4.38 billion in revenues [4] Group 3: Industry Context - The Financial - Investment Management industry, to which Invesco belongs, is currently in the bottom 33% of over 250 Zacks industries, indicating potential challenges for stock performance [5] - Another company in the same industry, Ameriprise Financial Services, is expected to report quarterly earnings of $8.51 per share, reflecting a year-over-year change of +14.4% [5] - Ameriprise's revenues are anticipated to be $4.18 billion, representing a 9.2% increase from the year-ago quarter [6]

ATLANTA, July 23, 2024 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ), a leading global provider of exchange-traded products (ETPs), in partnership with Galaxy Asset Management,1, one of the world's largest digital assets and blockchain investment managers, today announced the launch of the Invesco Galaxy Ethereum ETF (QETH). QETH is a spot ETP that invests directly in physical Ethereum to offer investors access to the performance of the market price of Ethereum, as measured by the Lukka Prime Ethereum Reference ...

Exhibit 99.1 Press Release For immediate release Invesco Reports Results for the Three Months Ended June 30, 2024 | | | | Jennifer | Church | 404-439-3428 | | --- | --- | --- | --- | --- | --- | | Investor Media | Relations Relations | Contacts: Contact: | Greg Andrea | Ketron Raphael | 404-724-4299 212-323-4202 | Invesco Announces Second Quarter Diluted EPS of $0.29; Adjusted Diluted EPS of $0.43 (1) Atlanta, July 23, 2024 -- Invesco Ltd. (NYSE: IVZ) today reported financial results for the three months en ...

Core Insights - Invesco Ltd. reported a second quarter diluted EPS of $0.29 and an adjusted diluted EPS of $0.43, reflecting strong financial performance driven by significant net inflows and growth in assets under management (AUM) [1][6][12]. Financial Performance - The company achieved $16.7 billion in net long-term inflows for Q2 2024, a substantial increase from $6.3 billion in Q1 2024 [3][5]. - Ending AUM reached a record high of $1.7 trillion, marking a 12% year-over-year increase and a 3.2% rise from the previous quarter [1][4]. - Operating revenues for Q2 2024 were $1,483.3 million, a slight increase of 0.5% from Q1 2024 and 2.8% from Q2 2023 [6][21]. Net Flows and AUM - Retail and institutional net long-term inflows were $12.1 billion and $4.6 billion, respectively, with ETFs and Index contributing $12.8 billion to the inflows [3][5]. - Net market gains increased AUM by $27.4 billion, while foreign exchange rate movements decreased AUM by $3.9 billion [4][6]. Operating Margins and Income - The operating margin for Q2 2024 was 13.9%, with an adjusted operating margin of 30.9%, reflecting improved operational efficiency [6][12]. - Adjusted operating income increased by $38.8 million compared to Q1 2024, with adjusted operating expenses decreasing by $6.2 million [12][14]. Capital Management - The company reported net debt of $11.6 million, with a zero balance on its credit facility and cash and cash equivalents of $878.5 million as of June 30, 2024 [1][15]. - Invesco plans to initiate share buybacks starting in Q3 2024 as part of its capital management strategy [2][15]. Dividends - The company declared a second quarter cash dividend of $0.205 per share, payable on September 4, 2024, to common shareholders of record at the close of business on August 16, 2024 [15][16].

Here are three options that can outperform the popular ETF.If you're looking for a way to invest in the biggest tech companies currently powering the stock market higher, you've likely considered investing in the Invesco QQQ Trust ETF (QQQ -0.89%). The exchange-traded fund (ETF) tracks the Nasdaq-100 index, which consists of the 100 largest stocks listed on the Nasdaq Stock Exchange. Tech stocks account for the majority of the index's value, with the "Magnificent Seven" making up over 40% of the fund's port ...

Fee waiver brings QQA and RSPA management fee to zero ATLANTA, July 17, 2024  /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ), a leading global asset management firm, announced today that it will expand its active ETF platform by layering an options income strategy over two of its most well-known and high demand investment offerings. The launch of the Invesco Income Advantage Suite seeks to add consistent yield to the Nasdaq 100 Index and S&P 500 Equal Weight Index offering investors another way to access these tw ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Invesco (IVZ) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 23. On the othe ...

ATLANTA, July 10, 2024 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) today reported preliminary month-end assets under management (AUM) of $1,715.8 billion, an increase of 1.7% versus previous month-end. The firm delivered net long-term inflows of $6.5 billion in the month. Non-management fee earning net inflows were $0.2 billion and money market net outflows were $1.9 billion. AUM was positively impacted by favorable market returns which increased AUM by $24 billion. FX movements in the month reduced AUM by $2. ...

ATLANTA, July 1, 2024 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) will release its second quarter 2024 results on Tuesday, July 23. The earnings release and presentation materials are scheduled to be released and posted to the Investor Relations section of the Company's website, www.invesco.com/corporate, at approximately 7 a.m. ET. A conference call to discuss Invesco's results will be held at 9 a.m. ET on that day; the live audio webcast and replay can be accessed through the same website under Events and Ea ...