Business

Invesco profits rise on market gains

By Scott Trubey
Nov 1, 2012

Atlanta-based investment giant Invesco reported improved third quarter earnings Thursday as stronger market returns helped the company grow its assets under management.

Operating revenue grew 4.4 percent to $1.04 billion, helped in part by improved investment management fees. Net income to common shareholders was $170.6 million, or 38 cents per share, compared to $166.9 million, or 36 cents per share in third quarter 2011.

Invesco ended the quarter with $683 billion in assets under management, up 14 percent from the year-ago quarter, and up 5.6 percent from the end of second quarter 2012.

About the Author

Scott Trubey
More Stories

Keep Reading

Waffle House is making changes to its prices due to the nationwide rise in the cost of eggs.

Credit: Savannah Sicurella

Waffle House places surcharge on eggs as bird flu fallout hits consumers, businesses

Waffle House has placed a 50 cent surcharge on every egg, according to signage posted inside of the restaurant.

Hydrogen-powered trucks are now in Georgia. A planned $33M station will fuel them

North Carolina-based HydroFleet said it will invest nearly $33 million to build a hydrogen production and fueling station in the Savannah suburb of Pooler.

‘Definitely disrupting businesses’: Georgia whipsawed by Trump trade fights

Threatened tariffs roiled markets Monday and sent businesses in Georgia scrambling, with the potential for renewed tensions in four weeks.

The Latest

HydroFleet is investing $33 million in Pooler to build a hydrogen production and fueling station for heavy-duty trucks. (Courtesy of Savannah Economic Development Authority and HydroFleet)

Credit: Courtesy Savannah Economic Development Authority and HydroFleet

Hydrogen-powered trucks are now in Georgia. A planned $33M station will fuel them

Waffle House places surcharge on eggs as bird flu fallout hits consumers, businesses

Netflix’s venture into livestreaming visits State Farm Arena with WWE’s ‘Raw’

Featured

An email circulating through Georgia Tech told students and faculty to delete DEI terms from the school's website, but administrators said the email contained "misinformation." (Miguel Martinez/AJC 2024)

Credit: Miguel Martinez-Jimenez

Email containing ‘misinformation’ raises DEI concerns at Georgia Tech

Ex-Georgia Bulldog Jalen Carter on fatal crash: ‘I’m sorry for everything that happened’

Jalen Carter was considered the most talented player in the 2023 NFL draft, but the accident clouded his draft status. He was taken with the ninth overall pick by the Eagles.

Election skeptic chosen for job as Georgia election investigator

The State Election Board is hiring a new investigator who has previously expressed skepticism about fraud in the 2020 election.