Legg Mason Inc (LM) Stock News
NYSE:LM - New York Stock Exchange, Inc. -
LM Latest News, Press Relases and Analysis
Are Space Stocks An Unexplored Frontier? 2 Top Stock Picks For 2023: BofA Analyst
Space stocks were among the worst-performing stocks in the entire market in 2022, but Bank of America analyst Ronald Epstein said 2023 could be a big rebound year for space investors.
Are Space Stocks An Unexplored Frontier? 2 Top Stock Picks For 2023: BofA Analyst
Space stocks were among the worst-performing stocks in the entire market in 2022, but Bank of America analyst Ronald Epstein said 2023 could be a big rebound year for space investors.
7 Stocks That Could Benefit From China's 'Urban Air Mobility' Investment
China recently announced it plans to invest in the development and promotion of Urban Air Mobility. This investment is great news for China’s EHang Holdings Ltd - ADR (NYSE...
Invesco, Janus Need Scale to Compete With BlackRock, Peltz Says
Investor Nelson Peltz said he believes his newest targets, asset managers Invesco Ltd. and Janus Henderson Group Plc., need to grow and to alter their structures to compete against larger rival BlackRock Inc.
BlackRock CEO Fink Says He’s Bearish on Emerging World
BlackRock Inc. Chief Executive Officer Larry Fink said he sees major macroeconomic trends weighing on emerging markets.
Morgan Stanley Deal Signals Pressure for Scale at Fund Managers
Morgan Stanley’s second big acquisition of the year -- a $7 billion deal for Eaton Vance Corp. announced Thursday -- underscores the shift toward larger deals in the asset management industry.
The Royce Fund Announces That Last Remaining Series Approves New Investment Advisory Agreement at Special Meeting
The Era of Star Fund Managers Is Over, Franklin Templeton Says
Having a star fund manager is an easy way for an asset management firm to attract client money. But for Franklin Resources Inc.’s chief executive officer, it’s not worth the disruption when they leave.
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Legg Mason to delist junior subordinated notes from NYSE (NYSE:LMHA)
Following the completion of previously announced merger with Alpha Sub, a wholly owned subsidiary of Franklin Resources, Legg Mason (NYSE:LM) to delist its 6.375% junior subordinated notes due 2056 (NYSE:LMHA) and 5.45% junior subordinated notes due 2056 (NYSE:LMHB) from NYSE and deregister them from SEC.Terms of the junior notes remains unaffected with expected last trading day of August 20, 2020.Press releasePreviously: Franklin Templeton closes on Legg Mason deal (July 31)
Franklin Templeton closes on Legg Mason deal (NYSE:BEN)
Franklin Resources (NYSE:BEN), which operates as Franklin Templeton, completes its previously announced acquisition of Legg Mason (NYSE:LM), as expected.The combined organization makes Franklin Templeton one of the world's largest independent, specialized global investment managers with a combined $1.4T in assets under management, the company said.The acquisition deepens Franklin Templeton's presence in key geographies and creates an investment platform that's well balanced between institutional and retail client AUM."This acquisition unlocks substantial value and growth opportunities driven by greater scale, diversity and balance across investment strategies, distribution channels and geographies," said Franklin Templeton President and CEO Jenny Johnson.Previously: Franklin Templeton to pay $4.5B for Legg Mason (Feb.
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Franklin Templeton Completes Acquisition of Legg Mason
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LM vs. BLK: Which Stock Should Value Investors Buy Now?
LM vs. BLK: Which Stock Is the Better Value Option?
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New additions/deletions on S&P MidCap 400 and S&P SmallCap 600 (NASDAQ:RUN)
Sunrun (NASDAQ:RUN) will replace Legg Mason (NYSE:LM) in the S&P MidCap 400, and Bancfirst (NASDAQ:BANF) will replace Sunrun in the S&P SmallCap 600; Legg Mason will be acquired by Franklin Resources (NYSE:BEN) in a deal expected to be completed soon.IAA (NYSE:IAA) will replace Deluxe (NYSE:DLX) in the S&P MidCap 400, and Deluxe will replace El Paso Electric (NYSE:EE) in the S&P SmallCap 600; El Paso Electric is being acquired in a deal expected to close soon pending final conditions.Rexford Industrial Realty (NYSE:REXR) will replace Carpenter Technology (NYSE:CRS) in the S&P MidCap 400, and Carpenter Technology will replace Cedar Realty Trust (NYSE:CDR) in the S&P SmallCap 600.These changes would be effective August 3, 2020.
Sunrun, IAA & Rexford Industrial Realty Set to Join S&P MidCap 400; Bancfirst, Deluxe & Carpenter Technology to Join S&P SmallCap 600
BANF, IAA higher amid S&P index moves
BancFirst (NASDAQ:BANF) is up 1.8% postmarket after news that it's moving into the S&P SmallCap 600.
Investment Managers' Earnings Due on Jul 29: RJF, AMP & More
Results of investment managers are expected to reflect net inflows and higher assets, backed by support from solid equity markets.
Stock Market News for Jul 28, 2020
Possibility of a coronavirus rescue program and positive expectations about tech earnings helped benchmarks close higher on Monday.
Legg Mason (LM) Q1 Earnings Meet Estimates, Revenues Fall
Legg Mason's (LM) first-quarter fiscal 2021 (ended Jun 30) earnings reflect lower revenues, reduced expenses and a rise in assets under management (AUM).
Legg Mason (LM) Q1 Earnings Match Estimates
Legg Mason (LM) delivered earnings and revenue surprises of 0.00% and -3.78%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
Legg Mason EPS misses by $0.07, misses on revenue (NYSE:LM)
Legg Mason (NYSE:LM): Q2 Non-GAAP EPS of $0.71; GAAP EPS of $0.54 misses by $0.07.Revenue of $666.2M (-5.6% Y/Y) misses by $12.72M.Press Release
Legg Mason, hurt by pandemic, still beats in fiscal Q1 (NYSE:LM)
Reporting its last quarter before it's acquired by Franklin Resources, Legg Mason's (NYSE:LM) fiscal Q1 adjusted EPS of 71 cents beats the average analyst estimate of 61 cents.Compares with $1.02 in fiscal Q4 and 75 cents in the year-ago quarter. "Legg Mason's quarterly results were negatively impacted by the significant market volatility and related redemption activity primarily related to the COVID-19 pandemic," said Chairman and CEO Joseph A.
Mentions: BEN
Legg Mason Reports Results For First Fiscal Quarter
-- First Quarter Net Income of $49.4 Million, or $0.54 per Diluted Share
Here comes one of the newsiest and most critical weeks of the summer for markets
In a summer of unending news, we may be heading into what could be the newsiest week of all.
Will Higher Assets Support Legg Mason (LM) in Q1 Earnings?
Legg Mason's (LM) Q1 results are expected to reflect higher assets under management along with controlled expenses.
Is a Surprise Coming for Legg Mason (LM) This Earnings Season?
Legg Mason (LM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
6 Must-Buy Mid-Cap Stocks Ahead of Earnings Results Next Week
Several stocks are expected to beat earnings estimates. Notably, a few mid-cap stocks with top Zacks Rank are likely to beat earnings estimates next week.
Top Ranked Growth Stocks to Buy for July 21st
Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, July 21st.
Active ETFs Are Finally Taking Off. Here’s How They Differ
Last year, regulators finally approved five new structures that allow actively managed exchange-traded funds to not disclose their holdings daily. Now some major fund companies are beginning to launch ETFs based on the new structures.
Franklin Templeton to close Legg Mason acquisition (NYSE:BEN)
With all conditions satisfied, Franklin Resources (NYSE:BEN) and Legg Mason (NYSE:LM) expect to close their acquisition transaction on July 31, 2020, which was announced in February 2020.Franklin will acquire Legg Mason for $50/share of of common stock in an all-cash transaction and will assume ~$2B of Legg's O/S debt.Franklin is depositing the merger consideration in a third-party escrow account, from which funds will be released to the paying agent at merger closing.Legg Mason's common stock is expected to be de-listed from the NYSE from July 31.Pro-forma combined preliminary results as of June 30, 2020 indicated equity of long-term assets of 1.3T.
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Top Ranked Income Stocks to Buy for July 17th
Here are four stocks with buy rank and strong income characteristics for investors to consider today, July 17th.
Top Ranked Growth Stocks to Buy for July 17th
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, July 17th
Franklin Templeton Expects to Close Acquisition of Legg Mason on July 31, 2020
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Top Ranked Growth Stocks to Buy for July 16th
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, July 16th.
New Strong Buy Stocks For July 15th
Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Top Ranked Growth Stocks to Buy for July 15th
Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, July 15th.
Top Ranked Income Stocks to Buy for July 14th
Here are three stocks with buy rank and strong income characteristics for investors to consider today, July 14th.
5 Stocks Poised for Post-Earnings Pop
Earnings season is opening up new opportunities for investors.