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Jun 30, 2024
T. Rowe Price Q2 2024 Earnings Report
T. Rowe Price reported an increase in assets under management and adjusted diluted EPS for Q2 2024.
Key Takeaways
T. Rowe Price Group reported Q2 2024 results with quarter-end assets under management of $1.57 trillion. Diluted EPS was $2.11, and adjusted diluted EPS was $2.26. The company returned $396 million to stockholders through dividends and stock repurchases.
Assets under management increased to $1.57 trillion.
Net client outflows were $3.7 billion.
Diluted earnings per common share (EPS) reached $2.11.
Adjusted diluted EPS was $2.26.
T. Rowe Price
T. Rowe Price
Forward Guidance
The firm estimates that its effective tax rate for the full year 2024 will be in the range of 23.5% to 26.5% on a U.S. GAAP basis, and 23.5% to 25.5% on a non-GAAP basis.