Invesco profits rise on market gains

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.

About the Author

Scott Trubey

Publix to close two Atlanta area stores, including longtime Midtown location

Publix will shutter two of its metro Atlanta stores on Dec. 27.

Korean diplomats visit Georgia to rebuild strained trust after Hyundai raid

The tight-knit relationship between South Korea and the U.S. faced one of its toughest tests after the September raid at Hyundai’s campus near Savannah.

Five years after Coca-Cola ended Tab, fans won’t give up hope for its return

Coca-Cola already announced it’s bringing back one retired soda. Could Tab be next?

The Latest

Credit: AP

OPINION

December car sales are good but not magic

In the market for a luxury vehicle? You might reconsider Lincoln.

Beyond the odometer: What matters most in a used car

Featured

Credit: Family photo

A 30-year-old’s overdose sparked a new law. Now courts are testing how far it can go.

Austin’s Law, passed in 2024, is leading to convictions of fentanyl dealers after a father’s fight for justice following his son’s overdose death.

Jared Curtis isn’t the only Georgia football storyline to watch on signing day

What will National Signing Day look like? It is starting to materialize significant storylines.

Search for inmate who escaped from Grady hospital enters second day

Timothy Shane is accused of stealing an SUV and then crashing it during the getaway, according to authorities.