Invesco Ltd. (IVZ) presents a dynamic profile as an asset management company. It demonstrated consistent performance amidst competitors, with strong estimations for gains in 2024. Even as the company navigates market FX headwinds, it manages to secure $2B long-term inflows. Around this period, it consistently updated its Assets Under Management (AUM) from July to October 2024 that showed a slight dip to $1.77T. The company's quarterly earnings calls highlighted strong AUM growth and ETF inflows. However, Q3 2024 earnings missed expectations with EPS falling short at $0.12. Ever innovating, Invesco expanded its active ETF platform, introduced the MSCI Global Climate 500 ETF (KLMT), and partnered with Galaxy to launch Ethereum ETF (QETH). The company strengthens its position through diversified investments and loan commitments. For instance, it closed $1.7 billion of loan commitments in North America in 3Q24. Yet, the company faced some challenges with muted revenues and restructuring moves. Other highlights include the robust growth in AUM supporting Invesco during earnings seasons and rating upgrades.
Invesco Ltd IVZ News Analytics from Wed, 10 Jan 2024 08:00:00 GMT to Thu, 21 Nov 2024 22:20:00 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor -2
