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Business

Invesco profits rise on market gains

By Scott Trubey
Nov 1, 2012

Atlanta-based investment giant Invesco reported improved third quarter earnings Thursday as stronger market returns helped the company grow its assets under management.

Operating revenue grew 4.4 percent to $1.04 billion, helped in part by improved investment management fees. Net income to common shareholders was $170.6 million, or 38 cents per share, compared to $166.9 million, or 36 cents per share in third quarter 2011.

Invesco ended the quarter with $683 billion in assets under management, up 14 percent from the year-ago quarter, and up 5.6 percent from the end of second quarter 2012.

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