IVZ

A month has gone by since the last earnings report for Invesco (IVZ). Shares have added about 17.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Invesco due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Invesco Ltd. before we dive into how investors and analysts have reacted as of late. Invesco’s second-quarter 2026 adjusted earnings of 71 cents per share surpassed the Zacks Consensus Estimate of 67 cents. The bottom line increased 97.2% from the prior-year quarter.The results primarily benefited from an increase in adjusted revenues and substantial growth in AUM balance. Record net long-term inflows also supported the quarter. However, an increase in adjusted expenses was a headwind.Net income attributable to Invesco Ltd. (GAAP basis) was $345.3 million or 76 cents per share against a net loss of $12.5 million or 3 cents per share in the year-ago quarter. Adjusted net revenues in the quarter were $1.33 billion, up 20.3% year over year. The top line marginally surpassed the Zacks Consensus Estimate. The rise in revenues was driven by higher average AUM and net revenues earned from QQQ. Favorable foreign exchange rate changes increased net revenues by $6.3 million.Adjusted operating expenses were $830.4 million, up 9.2% year over year. The increase reflected higher employee compensation and marketing expenses. General and administrative expenses also increased, primarily due to higher professional fees.The adjusted operating margin was 37.5%, up from 31.2% a year ago. As of June 30, 2026, AUM was $2.47 trillion, up 23.4% year over year. The average AUM in the second quarter totaled $2.37 trillion, up 24.8%.Net long-term inflows were a record $45.1 billion compared with $15.6 billion in the year-ago quarter. The annualized long-term organic growth rate was 8.5%.Client demand remained supportive across IVZ’s multiple investment capabilities. Net long-term inflows were led by ETFs and Index products ($30.1 billion), QQQ ($13.8 billion), the China joint venture ($6.9 billion), Private Markets ($1.9 billion) and Fundamental Fixed Income ($0.4 billion). These positives were partially offset by net outflows from Fundamental Equities of $7.7 billion and Multi-Asset/Other strategies of $0.3 billion.By geography, the Americas, Asia Pacific and EMEA produced net long-term inflows of $30.8 billion, $8.2 billion and $6.1 billion, respectively. As of June 30, 2026, cash and cash equivalents were $915.4 million compared with $806.9 million as of March 31, 2026. Debt was $1.62 billion, down from $1.97 billion at the end of the prior quarter. The credit facility balance declined to $736 million from $1.08 billion. Net debt was $708.6 million, down from $1.16 billion as of March 31, 2026. In the reported quarter, Invesco repurchased 1.9 million common shares for $50 million in the open market. Management expects one-time implementation costs of the Alpha investment platform to be $15 million per quarter in the second half of 2026, with completion targeted by the end of 2026. As more AUM transitions onto the platform during 2026, the incremental expense associated with AUM on the system is expected to build through the year, reaching approximately $10 million per quarter later in the year. Hence, the combined costs related to the hybrid platform are expected to be $20 million to $25 million higher in 2026 than in 2025.Implementation spending should begin tapering in the first quarter of 2027 and decline fairly quickly thereafter. Management expects the installed platform to create further expense-efficiency opportunities through 2027 and into 2028.Beginning in the third quarter of 2026, operating income is expected to be negatively impacted initially by the Canada fund deal, including an operating expense reduction of $5 million to $10 million per quarter (i.e., a cost benefit that partially offsets other headwinds). Over time, the operating expense benefit is expected to move closer to about $10 million per quarter.For 2026, the company expects $3.275 billion in operating expenses. Compensation expenses are expected to be roughly 40% of revenues. Third-party expenses plus distribution fees relative to management fees are expected to be 22.7–23%, likely closer to 23%, reflecting a mix shift toward lower-fee products such as QQQ, QQQM and RSP.Non-GAAP effective tax rate is expected to be in the range of 25-26% for the second half of 2026. Since the earnings release, investors have witnessed a upward trend in estimates revision. At this time, Invesco has a average Growth Score of C, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of B on the value side, putting it in the second quintile for value investors. Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending upward for the stock, and the magnitude of these revisions indicates a downward shift. It comes with little surprise Invesco has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months. Invesco belongs to the Zacks Financial - Investment Management industry. Another stock from the same industry, Ameriprise Financial Services (AMP), has gained 3.7% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026. Ameriprise reported revenues of $4.9 billion in the last reported quarter, representing a year-over-year change of +13%. EPS of $11.07 for the same period compares with $9.11 a year ago. Ameriprise is expected to post earnings of $11.59 per share for the current quarter, representing a year-over-year change of +16.8%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.2%. Ameriprise has a Zacks Rank #2 (Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco Ltd. (IVZ) : Free Stock Analysis Report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The Carlyle Group Inc. CG reported second-quarter 2026 post-tax distributable earnings per share of $1.07, surpassing the Zacks Consensus Estimate of 88 cents. The metric also rose from 91 cents in the year-ago quarter. Results benefited from higher realized performance revenues and fee-related performance revenues. A rise in the assets under management (AUM) balance was another positive. However, higher expenses acted as a spoilsport. Net income attributable to Carlyle was $137.1 million, down from $319.7 million in the year-ago quarter. Second-quarter segmental revenues were $1.11 billion, which surpassed the Zacks Consensus Estimate of $908.8 million. The top line also rose 13% from the year-ago quarter. Total segment fee revenues were $759.3 million, up 12.3% year over year. Fund management fees declined 5% year over year to $560.1 million, while transaction and portfolio advisory fees, net and other, jumped 130.7% to $110.5 million. Fee-related performance revenues surged 129.2% to $88.7 million. Realized performance revenues rose 21.2% from the year-ago quarter to $314.8 million. Total segmental expenses increased 15.7% year over year to $639.9 million. As of June 30, 2026, total AUM was $485.5 billion, up 4% from the prior-year quarter. The fee-earning AUM was $334.4 billion, which rose 3% year over year. Pending fee-earning AUM was $28 billion, up 57%. Global Private Equity’s total AUM was $162.7 billion as of June 30, 2026, down 1.5% year over year. The segment’s fee-related earnings were $133.6 million, down 7%. Distributable earnings were $218.5 million, down 5.8%. Global Credit’s total AUM was $211.1 billion, up 4% year over year. Fee-related earnings were $137.6 million, up 23.5%. Distributable earnings were $158 million, up 30.7%. Carlyle AlpInvest’s total AUM was $111.7 billion, up 15.8% year over year. Fee-related earnings were $86.5 million, up 26.6%. Distributable earnings were $95.8 million, up 22.5%. In the reported quarter, CG repurchased or withheld 6.7 million shares of common stock, including shares withheld in the net share settlement of equity awards, totaling $304 million. As of June 30, 2026, $1.6 billion worth of shares were available under the authorization. The company also declared a quarterly dividend of 35 cents per share. The dividend will be paid out on Aug. 26, 2026, to shareholders of record as of Aug. 17, 2026. A rising total AUM balance, along with higher realized performance revenues and strong fundraising, will likely support Carlyle’s revenue growth in the long run. However, rising expenses remain concerning. Carlyle Group Inc. price-consensus-eps-surprise-chart | Carlyle Group Inc. Quote CG currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. In June 2026, Carlyle completed its previously announced acquisition of a majority stake in MAI Capital Management, a registered investment advisor focused on wealth management services for high-net-worth and ultra-high-net-worth clients. Following the completion of the transaction, Carlyle is now the majority owner of MAI, while MAI will continue to operate independently under its existing leadership team. MAI employees and advisors will continue to hold a significant minority ownership stake in the business. The acquisition expands Carlyle’s presence in wealth management and adds a platform with $77.3 billion in client assets managed or advised as of April 2026. The deal is expected to strengthen the company’s recurring fee-based revenue stream and complements its broader wealth management strategy, including investments in Intelliflo and iCapital Network to enhance its advisor-focused platform. Invesco’s IVZ second-quarter 2026 adjusted earnings of 71 cents per share surpassed the Zacks Consensus Estimate of 67 cents. The bottom line increased 97.2% from the prior-year quarter. IVZ’s results primarily benefited from an increase in adjusted revenues and substantial growth in the assets under management (AUM) balance. Record net long-term inflows also supported the quarter. However, an increase in adjusted expenses was a headwind. SEI Investments Co.’s SEIC second-quarter 2026 adjusted earnings per share of $1.66 surpassed the Zacks Consensus Estimate of $1.45. The bottom line reflected a rise of 38.3% from the prior-year quarter’s actual. SEIC’s results were aided by higher revenues and a rise in AUM. However, higher expenses acted as a spoilsport. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carlyle Group Inc. (CG) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report SEI Investments Company (SEIC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

T. Rowe Price Group, Inc.’s TROW second-quarter 2026 adjusted earnings per share (EPS) of $2.57 surpassed the Zacks Consensus Estimate of $2.52. Further, the bottom line increased 14.7% year over year. TROW's results benefited from higher investment advisory fees and record assets under management (AUM). Positive capital allocation-based income was also encouraging. However, higher expenses acted as a headwind. The results included certain items. After considering those, net income attributable to T. Rowe Price (on a GAAP basis) was $632 million, which rose 25.1% from the prior-year quarter. Net revenues rose 10.7% year over year to $1.91 billion. However, the top line missed the Zacks Consensus Estimate of $1.92 billion by 0.66%. Investment advisory fees rose 11.3% year over year to $1.74 billion. Capital allocation-based income was $11.9 million against a loss of $0.4 million in the prior-year quarter. Administrative, distribution, servicing and other fees declined 3.7% year over year to $144.2 million. Total operating expenses increased 9.8% year over year to $1.37 billion in the reported quarter. On an adjusted basis, operating expenses were $1.20 billion, up 4.9% year over year. As of June 30, 2026, total AUM reached a record $1.89 trillion, up 12.9% year over year. In the second quarter, net market appreciation and income of $190.2 billion favorably impacted T. Rowe Price’s AUM. However, net cash outflows were $6.5 billion. The company had substantial liquidity, including cash and cash equivalents of $3.23 billion as of June 30, 2026, up from $3.06 billion as of June 30, 2025. This will enable TROW to keep investing. T. Rowe Price returned $441 million to shareholders through recurring quarterly dividends and share repurchases in the second quarter. TROW’s record AUM balance, higher investment advisory fees and positive capital allocation-based income are likely to support top-line growth. Its broadening distribution reach and efforts to diversify the business through acquisitions and product enhancements further support growth. A substantial liquidity position enables the company to continue investing and sustain capital distributions. However, persistent net cash outflows and an elevated expense base remain concerns. T. Rowe Price Group, Inc. price-consensus-eps-surprise-chart | T. Rowe Price Group, Inc. Quote Currently, TROW carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Invesco’s IVZ second-quarter 2026 adjusted earnings of 71 cents per share surpassed the Zacks Consensus Estimate of 67 cents. The bottom line increased 97.2% from the prior-year quarter. IVZ’s results primarily benefited from an increase in adjusted revenues and substantial growth in AUM balance. Record net long-term inflows also supported the quarter. However, an increase in adjusted expenses was a headwind. Ameriprise Financial’s AMP second-quarter 2026 adjusted operating earnings were $11.07 per share, which handily surpassed the Zacks Consensus Estimate of $10.72. The bottom line reflected a rise of 22% from the year-ago quarter. Results benefited from higher revenues and an improvement in AUM and assets under administration balances to record levels. However, an increase in expenses was a headwind for AMP. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report T. Rowe Price Group, Inc. (TROW) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Ares Management Corporation’s ARES second-quarter 2026 after-tax realized income per share of $1.29 met the Zacks Consensus Estimate. The bottom line increased from $1.03 in the prior-year quarter. Results reflected growth from higher management fees and fee-related performance revenues. A higher AUM balance was another positive. However, the upside was partly offset by higher expenses. Net income attributable to the company was $150.6 million, up from $137.1 million in the year-ago quarter. The company's total revenues of $1.26 billion missed the Zacks Consensus Estimate of $1.32 billion by 4.2%.  This compares to year-ago revenues of $1.05 billion. Management fees rose to $1.02 billion from $900.6 million in the prior-year quarter. Carried interest allocation declined to $249.9 million from $323.9 million, while incentive fees increased to $42.8 million from $23.1 million. Administrative, transaction and other fees rose to $116.1 million from $91.6 million. Total expenses increased 3.7% year over year to $1.18 billion from the year-ago quarter. The increase was primarily driven by higher compensation and benefits as well as general, administrative and other expenses. As of June 30, 2026, total assets under management (AUM) were $671.3 billion, up from $565.3 billion a year earlier. Fee-paying AUM increased to $409.9 billion from $343.9 billion in the prior-year period. During the quarter, the company raised $36.4 billion in capital, generated $34.4 billion in net inflows and deployed $35.9 billion. The company announced a quarterly cash dividend of $1.35 per share of its Class A and non-voting common stock, payable Sept. 30, 2026, to shareholders of record as of Sept. 16, 2026. Ares Management continues to benefit from strong AUM growth across fee-paying and perpetual capital platforms, supported by steady capital inflows and strategic acquisitions such as BlueCove and GCP International. However, softer revenue relative to expectations and higher operating expenses are likely to remain near-term headwinds. Ares Management Corporation price-consensus-eps-surprise-chart | Ares Management Corporation Quote Currently, the company carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Invesco’s IVZ second-quarter 2026 adjusted earnings of 71 cents per share surpassed the Zacks Consensus Estimate of 67 cents. The bottom line surged 97.2% from the prior-year quarter. IVZ’s results primarily benefited from an increase in adjusted revenues and substantial growth in the AUM balance. Record net long-term inflows also supported the quarterly results. However, an increase in adjusted expenses was a headwind. SEI Investments Co.’s SEIC second-quarter 2026 adjusted earnings per share of $1.66 surpassed the Zacks Consensus Estimate of $1.45. The bottom line reflected a rise of 38.3% from the prior-year quarter. SEIC's results were aided by higher revenues and a rise in AUM. However, higher expenses acted as a spoilsport. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ares Management Corporation (ARES) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report SEI Investments Company (SEIC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Franklin Resources Inc. BEN reported third-quarter fiscal 2026 (ended June 30, 2026) adjusted earnings of 72 cents per share, which surpassed the Zacks Consensus Estimate of 66 cents per share. The bottom line also improved from 49 cents reported in the year-ago quarter. Results benefited from higher operating revenues and record assets under management (AUM). However, elevated operating expenses acted as a headwind. Results include certain items. After considering those, net income (GAAP basis) was $171.5 million, up 85.8% year over year. Total operating revenues increased 14.3% year over year to $2.36 billion in the fiscal third quarter. Further, the reported figure outpaced the Zacks Consensus Estimate of $2.27 billion. The increase was driven by growth across all revenue categories. Investment management fees rose 13.7% year over year to $1.87 billion. Sales and distribution fees increased 14.9% to $404.5 million from the prior-year quarter. Shareholder servicing fees climbed 24% to $74.3 million, while other revenues grew 17.5% to $13.4 million from the year-ago quarter. Total operating expenses increased 12.2% year over year to $2.14 billion, primarily due to higher compensation and benefits, sales, distribution and marketing expenses, general and administrative costs, and impairment charges. Franklin reported an operating margin of 9.2% compared with 7.5% in the year-ago quarter. As of June 30, 2026, total AUM was a record $1.79 trillion, increasing 11.2% from the prior-year quarter. The company generated $18.4 billion of long-term net inflows during the quarter compared with long-term net outflows of $9.3 billion in the year-ago period. The average AUM increased 11.8% year over year to $1.75 trillion. As of June 30, 2026, cash and cash equivalents and investments totaled $5.4 billion, while total stockholders’ equity was $12.9 billion. During the quarter, Franklin Resources repurchased 10.4 million shares of common stock for $348.1 million. Overall, the company returned $521.5 million to shareholders during the quarter through share repurchases and dividends. In June 2026, the company's asset management arm, Franklin Templeton completed its previously announced acquisition of 250 Digital, an active cryptocurrency investment management firm. The transaction included 250 Digital’s investment team and all liquid cryptocurrency strategies previously managed by CoinFund. Following the completion, the company formally launched Franklin Crypto, a dedicated active digital asset management division focused on institutional clients. The move strengthens BEN’s cryptocurrency investment capabilities by combining crypto-native expertise with Franklin Templeton’s global distribution, research, portfolio construction and risk-management platform. Franklin Resources delivered a strong quarter, supported by broad-based revenue growth, record AUM and robust long-term net inflows. The company also continued returning capital to shareholders through sizable share repurchases. However, rising operating expenses and impairment-related charges remain areas to monitor. Franklin Resources, Inc. price-consensus-eps-surprise-chart | Franklin Resources, Inc. Quote Currently, Franklin sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Invesco’s IVZ second-quarter 2026 adjusted earnings of 71 cents per share surpassed the Zacks Consensus Estimate of 67 cents. The bottom line increased 97.2% from the prior-year quarter. IVZ’s results primarily benefited from an increase in adjusted revenues and substantial growth in AUM balance. Record net long-term inflows also supported the quarter. However, an increase in adjusted expenses was a headwind. Ameriprise Financial’s AMP second-quarter 2026 adjusted operating earnings were $11.07 per share, which handily surpassed the Zacks Consensus Estimate of $10.72. The bottom line reflected a rise of 22% from the year-ago quarter. Results benefited from higher revenues and an improvement in AUM and assets under administration balances to record levels. However, an increase in expenses was a headwind for AMP. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Invesco Ltd. has reported past second-quarter 2026 results showing revenue of US$1,825.6 million and net income of US$382.3 million, alongside affirming a US$0.215 common dividend, a US$14.75 preferred dividend, and updating on its long-running share repurchase program. The swing from a small loss to earnings per share of about US$0.76–0.77 from continuing operations underscores a markedly stronger profitability profile and capital return commitment in the latest quarter. With this sharp rebound in quarterly earnings, we'll now examine how these results influence Invesco's existing investment narrative and outlook. Invest in the nuclear renaissance through our list of 89 elite nuclear energy infrastructure plays powering the global AI revolution. To own Invesco, you need to believe its broad ETF, index, and alternatives platforms can offset fee pressure and competition while turning AUM into consistent, growing fee revenue. The sharp Q2 2026 rebound in earnings improves the near term picture for that thesis, but it does not remove the key risk that lower fee products and new digital competitors could keep squeezing margins if asset mix shifts against Invesco. The most relevant update alongside these results is the affirmed US$0.215 common dividend. Paired with stronger quarterly profitability, this signals that recent earnings power is currently sufficient to support planned capital returns, even as Invesco continues investing in ETFs, alternatives, and technology that underpin the main growth catalysts investors are watching. Yet, investors should also be aware that margin pressure from lower fee products and rising digital competition could still... Read the full narrative on Invesco (it's free!) Invesco's narrative projects $4.6 billion revenue and $1.2 billion earnings by 2029. Uncover how Invesco's forecasts yield a $29.96 fair value, in line with its current price. Q2’s stronger profits sit against a much more optimistic “bullish” view, where some analysts were assuming earnings of about US$1.2 billion by 2029 and sharply higher margins, while also flagging that Invesco’s ETF innovation might still lag larger rivals over time. Explore 4 other fair value estimates on Invesco - why the stock might be worth just $28.00! Don't just follow the ticker - dig into the data and build a conviction that's truly your own. A great starting point for your Invesco research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision. Our free Invesco research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Invesco's overall financial health at a glance. Opportunities like this don't last. These are today's most promising picks. Check them out now: Rare earth metals are an input to most high-tech devices, military and defence systems and electric vehicles. The global race is on to secure supply of these critical minerals. Beat the pack to uncover the 29 best rare earth metal stocks of the very few that mine this essential strategic resource. Uncover the next big thing with 21 elite penny stocks that balance risk and reward. Explore 26 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include IVZ. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Affiliated Managers Group Inc.’s AMG second-quarter 2026 economic earnings of $8.29 per share handily outpaced the Zacks Consensus Estimate of $7.85. The bottom line jumped 58.3% from the prior-year quarter.Results benefited from record assets under management (AUM) balance and higher revenues. Also, the company had a robust liquidity position. A rise in expenses was the undermining factor.Economic net income was $221.4 million, up 39.1% year over year. Our estimate for the metric was $203 million. Quarterly total revenues soared 29.9% year over year to $640.7 million. The top line beat the Zacks Consensus Estimate of $557.91 million.    Adjusted EBITDA was $316 million, up 43.8%. We had projected the metric to be $294.1 million.Total consolidated expenses rose 17.9% to $486.7 million. We had estimated total expenses to be $466.5 million. As of June 30, 2026, total AUM was a record $942.4 billion, which surged 22.2%. Our estimate for total AUM was $910.2 billion. Average AUM totaled $920.9 billion, up 25% year over year.Net client cash inflows were $12.9 billion in the reported quarter, reflecting ongoing momentum in alternative strategies. As of June 30, 2026, Affiliated Managers had $411 million in cash and cash equivalents compared with $586 million as of Dec. 31, 2025. The company had $3 billion of debt, up from $2.69 billion as of Dec. 31, 2025.Stockholders’ equity as of June 30, 2026, was $3.04 billion, down from $3.24 billion as of Dec. 31, 2025. During the second quarter, Affiliated Managers repurchased shares worth $189 million. AMG is well-positioned for growth given the successful partnerships, focus on alternative strategies, global distribution capability and a diverse product mix. Substantial intangible assets on the company's balance sheet and elevated expense levels remain major concerns. Affiliated Managers Group, Inc. price-consensus-eps-surprise-chart | Affiliated Managers Group, Inc. Quote Affiliated Managers currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Invesco’s IVZ second-quarter 2026 adjusted earnings of 71 cents per share surpassed the Zacks Consensus Estimate of 67 cents. The bottom line increased 97.2% from the prior-year quarter.Invesco’s results primarily benefited from an increase in adjusted revenues and substantial growth in AUM balance. Record net long-term inflows also supported the quarter. However, an increase in adjusted expenses was a headwind.Ameriprise Financial’s AMP second-quarter 2026 adjusted operating earnings were $11.07 per share, which handily surpassed the Zacks Consensus Estimate of $10.72. The bottom line reflected a rise of 22% from the year-ago quarter.Results benefited from higher revenues and an improvement in AUM and assets under administration (AUA) balances to record levels. However, an increase in expenses was a headwind for Ameriprise. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Affiliated Managers Group, Inc. (AMG) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Invesco (IVZ) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +5.97%. A quarter ago, it was expected that this investment management company would post earnings of $0.58 per share when it actually produced earnings of $0.57, delivering a surprise of -1.72%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Invesco, which belongs to the Zacks Financial - Investment Management industry, posted revenues of $1.33 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.19%. This compares to year-ago revenues of $1.1 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Invesco shares have added about 14.6% since the beginning of the year versus the S&P 500's gain of 8.3%. While Invesco has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Invesco was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.75 on $1.38 billion in revenues for the coming quarter and $2.78 on $5.34 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Management is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Sound Point Meridian Capital, Inc. (SPMC), another stock in the same industry, has yet to report results for the quarter ended June 2026. This company is expected to post quarterly earnings of $0.30 per share in its upcoming report, which represents a year-over-year change of -43.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Sound Point Meridian Capital, Inc.'s revenues are expected to be $14.08 million, down 26.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco Ltd. (IVZ) : Free Stock Analysis Report Sound Point Meridian Capital, Inc. (SPMC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved record net long-term inflows of $45.1 billion in Q2, driven by a diversified global platform and investor capital remaining in motion despite macro uncertainty. Operating margin expanded to 37.5% as the firm leveraged its scaled platform and maintained disciplined expense management while growing net revenue by 17% year-to-date. Strategic pivot toward high-growth areas like ETFs, SMAs, and private assets is resonating, with over 30 products generating more than $500 million in net inflows this quarter. The QQQ innovation suite remains a primary growth engine, contributing $130 million in incremental net revenue in the first half of 2026 following its successful conversion. International expansion, particularly in Asia Pacific and EMEA, continues to drive organic growth, supported by cross-listings of flagship products in Hong Kong and Tokyo. Management is actively streamlining the organization through partnerships in India and Canada, shifting from full ownership to minority or sub-advisory roles to enhance focus and reduce costs. Management targets a durable operating margin in the high-30s by continuing to drive positive operating leverage and diversifying revenue sources across market cycles. The hybrid investment platform implementation is expected to be completed by year-end 2026, with one-time costs projected at approximately $15 million per quarter for the second half. Capital allocation priorities include reaching a 60% total payout ratio through common dividends and increased share buybacks as the balance sheet continues to recapitalize. Future growth in the private markets segment will be amplified by partnerships with Barings and LGT Capital, targeting the U.S. private wealth and defined contribution markets. Guidance for 2026 assumes a compensation-to-revenue ratio of approximately 40%, reflecting a balance between variable pay and revenue growth. Leverage ratio improved significantly from 2.7x to 1.9x over the last year, inclusive of preferred shares, following $1.5 billion in preferred share repurchases. Fundamental equities experienced $7.7 billion in net outflows, partially attributed to a few large idiosyncratic liquidations from institutional investors making allocation shifts. The net revenue yield of 22.4 basis points reflects a shift toward lower-fee products like ETFs, though management notes this trend is approaching a degree of stabilization. A new partnership with Superstate marks Invesco's entry into tokenized treasury strategies, signaling a commitment to digital asset innovation. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management stated they will not have a short-term competitive reaction to lower-priced rival products, focusing instead on the 'total cost of ownership' including liquidity and tight spreads. Noted that the QQQ brand has an entrenched position with hundreds of millions invested in its awareness, making it difficult for competitors to match its ecosystem strength. The focus is on building a durable margin that can withstand market beta by creating flexibility in the expense base and scaling high-growth categories like SMAs and ETFs. Implementation costs for the new investment platform will taper off in early 2027, allowing for further operational efficiency gains. Invesco plans to prioritize working down the revolving credit facility before addressing further preferred share repurchases, likely in late 2026 or early 2027. Management remains open to M&A but currently finds better shareholder returns through organic investment in their own product capabilities. The SMA platform reached $40 billion in AUM, with growth outpacing the industry particularly in fixed income and muni strategies. Management expects to continue investing in technology over headcount to scale this business as investors pivot from mutual funds to more customized formats.

Invesco (IVZ) reported $1.33 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 20.3%. EPS of $0.71 for the same period compares to $0.36 a year ago. The reported revenue represents a surprise of +0.19% over the Zacks Consensus Estimate of $1.33 billion. With the consensus EPS estimate being $0.67, the EPS surprise was +5.97%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Invesco performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Assets Under Management - ETFs and Index: $753.50 billion versus the two-analyst average estimate of $753.51 billion. Average AUM - Total: $2,368.80 billion versus $2,368.79 billion estimated by two analysts on average. Assets Under Management - Fundamental Fixed Income: $315.50 billion compared to the $315.52 billion average estimate based on two analysts. Assets Under Management - Private Markets: $135.50 billion versus the two-analyst average estimate of $135.51 billion. Assets Under Management - China JV & India: $163.20 billion compared to the $163.20 billion average estimate based on two analysts. Assets Under Management - Multi-Asset/Other: $79.90 billion compared to the $79.90 billion average estimate based on two analysts. Assets Under Management - Global Liquidity: $214.50 billion versus $214.50 billion estimated by two analysts on average. Assets Under Management - QQQs: $490.10 billion versus $490.08 billion estimated by two analysts on average. Average AUM - ETFs & Index: $717.40 billion versus $706.80 billion estimated by two analysts on average. Operating revenues- Other revenues: $50.2 million versus $62.85 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.2% change. Operating revenues- Service and distribution fees: $309.9 million versus the two-analyst average estimate of $322.65 million. The reported number represents a year-over-year change of -14.8%. Operating revenues- Performance fees: $3.7 million versus $6.02 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +42.3% change. View all Key Company Metrics for Invesco here>>> Shares of Invesco have returned +14.5% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco Ltd. (IVZ) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Invesco Ltd.? Here are five stocks we like better. Invesco reported record growth in the second quarter, with $45.1 billion in net long-term inflows, assets under management reaching $2.5 trillion, and adjusted EPS rising to $0.71 from $0.36 a year earlier. ETFs, QQQ and fixed income led demand: ETF and index products attracted a record $30 billion in inflows, while QQQ generated $14 billion and broader fixed-income activity brought in $14 billion. Invesco reduced debt by more than $450 million on a net basis, repurchased $50 million of shares and plans to maintain a regular buyback program alongside its increased quarterly dividend. The Behemoth BlackRock’s Next Trillion Comes From Private Assets Invesco (NYSE:IVZ) reported record second-quarter net long-term inflows and higher profitability as demand for ETFs, fixed income, separately managed accounts and private-market strategies helped push assets under management to $2.5 trillion. President and CEO Andrew Schlossberg said the firm generated $45.1 billion of net long-term inflows during the quarter, representing nearly 9% annualized organic growth and extending its streak of positive flows to 12 consecutive quarters. Including liquidity inflows, Invesco recorded $13.2 billion in global liquidity inflows and ended the period with $215 billion in liquidity assets. → Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit You should read this if your portfolio could use a 4.9% dividend For the first half of 2026, Schlossberg said Invesco posted record net inflows of $67 billion, or a 7% annualized organic growth rate. Net revenue rose 17% from the prior-year first half, while operating income increased 35% and the operating margin expanded by nearly 470 basis points. Chief Financial Officer Allison Dukes said second-quarter net revenue totaled $1.3 billion, increasing $65 million from the first quarter and $224 million from a year earlier. The increase was primarily driven by investment-management fees tied to higher average assets under management, as well as the year-over-year effect of the QQQ fund’s reclassification to fee earnings. → This Tiny AI Supplier Could Be More Important Than the Chipmakers Transportation industry breakout will make these stocks rally Adjusted operating income increased 14% sequentially to nearly $500 million, while adjusted diluted earnings per share rose to $0.71 from $0.57 in the first quarter. Compared with the same quarter last year, adjusted operating income rose 45% and adjusted EPS nearly doubled from $0.36. Adjusted operating expenses were essentially flat sequentially, rising $2 million, while net revenue increased 5%. That produced nearly 500 basis points of positive operating leverage and lifted the adjusted operating margin by 300 basis points from the prior quarter to 37.5%. → 2 Stocks Built to Thrive If Inflation Refuses to Fade Dukes said Invesco remains focused on expanding and sustaining operating margins in the high 30% range over the near to medium term. She added that expense growth continues to be influenced by the company’s hybrid investment-platform implementation, which incurred $14 million in one-time costs during the second quarter. One-time hybrid-platform implementation costs are expected to be closer to $15 million per quarter during the second half of 2026. Incremental platform expenses tied to assets moved onto the system were $5 million in the second quarter and are expected to build toward about $10 million per quarter later this year. The company is targeting completion of the platform implementation by year-end, though some costs may carry into the first quarter of 2027. The company’s second-quarter net revenue yield was 22.4 basis points, with an exit rate of 22 basis points. Dukes attributed the lower exit yield to strong flows and market appreciation in lower-fee products, including QQQ, QQQM and RSP. ETF and index assets ended the quarter at a record $753 billion, or nearly $1.25 trillion including QQQ. The category generated a record $30 billion of net inflows during the quarter, equivalent to 17% annualized organic growth. Schlossberg said the company’s QQQ Innovation Suite and quality and momentum equity factor funds led ETF demand. The factor funds raised a record $7 billion in net inflows during the quarter, while QQQ drew $14 billion of net inflows, representing 12% annualized organic growth. Invesco expanded its ETF lineup with seven new BulletShares funds in the U.S. and five ETF launches in Europe, the Middle East and Africa, including two active funds. The company manages $25 billion in active ETFs across more than 40 products, a figure that rises above $40 billion when including index strategies run by active investment teams. During the question-and-answer session, Schlossberg and Dukes emphasized QQQ’s scale, liquidity and brand recognition in discussing competitive pricing for similar products. Schlossberg said the fund is the fifth-largest ETF and the second-most actively traded ETF globally, while Dukes said the company does not plan a short-term competitive pricing response. The QQQ franchise also continued its international expansion. QQQ is cross-listed in Hong Kong and Tokyo, where it has accumulated more than $10 billion in combined assets in a relatively short period, according to Schlossberg. Fixed-income demand remained broad across regions and channels. While the company reported $4 billion of net inflows in its fundamental fixed-income category, flows rose to $14 billion when fixed-income ETF and China joint-venture activity were included. Invesco cited U.S. wealth-management demand for individual SMAs and institutional fixed-income demand in EMEA as key contributors. Its U.S. wealth-management SMA platform, which includes fixed income and a portion of equity assets, reached nearly $40 billion in assets and generated 23% annualized organic growth during the quarter. Invesco’s China joint venture reached a record $163 billion in assets, up 15% from the prior quarter. The business generated $6.9 billion in net long-term inflows, or 22% annualized organic growth, led by fixed-income and fixed-income-plus strategies. The joint venture launched 11 new funds during the quarter, which collectively brought in $1.2 billion of net inflows. Private-market strategies recorded $1.9 billion of net inflows across alternative credit and direct real estate. Private real estate generated $1.4 billion of net inflows, or 8% annualized organic growth, led by the INCREF real estate debt fund for U.S. wealth-management clients. Schlossberg said INCREF has surpassed $6 billion in assets including leverage. Dukes said Invesco has about $7 billion of dry powder in real estate and is seeing some pickup in transaction activity, though she described the firm as “modestly optimistic” given the interest-rate outlook. Fundamental equities remained in net outflows of $7.7 billion, including several large institutional liquidations tied to allocation and reallocation decisions. However, Schlossberg highlighted positive flows in Asia-Pacific, including nearly $3 billion of inflows into the Global Equity Income Fund in Japan, and a second consecutive quarter of net inflows in U.S. value-equity strategies. Invesco reduced total debt by $343 million and net debt by more than $450 million during the quarter. Its revolving-credit-facility balance declined to $736 million at quarter-end from $1.1 billion at the end of the first quarter. The leverage ratio including preferred stock fell to 1.9 times from 2.7 times a year earlier. Excluding preferred stock, leverage declined to 0.54 times during the second quarter. The company repurchased $50 million, or 1.9 million shares, of common stock during the quarter and raised its quarterly common dividend in April to $0.215 per share. Dukes said Invesco intends to maintain a regular share-repurchase program and target a combined dividend-and-buyback payout ratio near 60%. Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide. The firm's product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Invesco Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.