Invesco Posts 3Q EPS of 65 Cents
IVZ sits 36% above its 52-week low of $20.67 on elevated volume (1.9× avg).
Summary
Invesco reported third-quarter EPS of 65 cents, per Dow Jones, while adjusted EPS came in at 72 cents. That compares with adjusted EPS of 71 cents in Q2, so the sequential print is softer, though the prior quarter was described as nearly double the year-earlier figure. The headline carries no revenue, flow, or AUM detail, so the quality of the beat or miss is not yet clear. This lands the same morning as an 8-K disclosing a $1.5 billion repurchase of MassMutual's 5.9% Series A preferred at a 12.5% premium, funded with new preferred issuance — a capital-structure move that will affect the preferred dividend line. Watch the full release and call for net long-term flows and AUM after September's 0.9% decline to $2.54 trillion.
At the time of this announcement, IVZ was trading at $28.20 on NYSE in the Finance sector, with a market capitalization of approximately $12.6B. The 52-week trading range was $20.67 to $33.66. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.