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Dec 31, 2019
T. Rowe Price Q4 2019 Earnings Report
T. Rowe Price reported strong Q4 2019 results driven by positive net client inflows and growth in assets under management.
Key Takeaways
T. Rowe Price Group reported Q4 2019 results with net revenues of $1.5 billion and diluted earnings per common share of $2.24. Assets under management ended the quarter at $1.21 trillion, supported by net client inflows of $2.8 billion.
Assets under management ended the quarter at $1.21 trillion.
Net client inflows were $2.8 billion for Q4 2019.
Net revenues reached $1.5 billion for Q4 2019.
Diluted earnings per common share were $2.24 for Q4 2019.
T. Rowe Price
T. Rowe Price
Forward Guidance
The firm currently expects its 2020 non-GAAP operating expense growth to be in the range of 6% to 9%.