By Elias Schisgall
T. Rowe Price Group logged a higher profit in the fourth quarter as assets under management continued to grow.
The investment management company on Wednesday posted a profit of $445.3 million, or $1.99 a share, compared with a profit of $439.9 million, or $1.92 a share, a year earlier.
On an adjusted basis, adjusted earnings were $2.44 a share. Analysts surveyed by FactSet were expecting $2.46 a share.
Net revenues rose 6% to $1.93 billion, up from $1.82 billion a year earlier, and in line with analyst expectations.
The company ended the quarter with assets under management of $1.78 billion, a 10.5% increase from $1.61 billion a year earlier. Analysts were expecting $1.75 billion.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
February 04, 2026 07:41 ET (12:41 GMT)
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