Invesco's (IVZ) Strategic Moves & AUM Aid, Muted Revenues Ail
Invesco(IVZ) ZACKS·2024-05-30 17:01Invesco Ltd. (IVZ) remains well-positioned for growth on the back of diversified offerings, efforts to enhance operating efficiency and strong assets under management (AUM). However, a high intangible assets composition on the balance sheet and subdued net revenues are major headwinds.IVZ has been executing initiatives to enhance operating efficiency. The company surpassed its goal for net cost synergies from the OppenheimerFunds acquisition and achieved $200 million in annualized net savings prior to the p ...