Legg Mason (LM) at 11-Yr Low Ahead of Earnings

Shares of Legg Mason (NYSE: LM) have traded as low as $11.09 today, marking an 11-year low for the money-manager's stock. After hitting the new 52-week low, the stock rebounded, but is still down more than 10%, most recently trading around $12.50.

Today's move is notably as Legg Mason is scheduled to report Q2 earnings tomorrow before the market opens. Although the Street consensus for Legg Mason's quarterly EPS is currently $0.02, the negative sentiment seen today clearly indicates that most traders are expecting the company to report its third-straight quarter loss.

Legg Mason stock has fallen more than 82% this year, making it the money-manager that has had its stock fall the most this year.

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Legg Mason, Inc., through its subsidiaries, provides investment management and related financial services to institutional and individual clients, company-sponsored mutual funds, and other investment vehicles.

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