Affiliated Managers Group (AMG) Tops Q2 EPS by 20c

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Go back to Affiliated Managers Group (AMG) Tops Q2 EPS by 20c

AMG Reports Financial and Operating Results for the Second Quarter and First Half of 2021

July 28, 2021 7:00 AM EDT

Company reports EPS of $2.55, Economic EPS of $4.03 in the second quarter of 2021

Announced partnership with Parnassus Investments, the largest independent ESG-dedicated fund manager in the industryCompleted strategic evolution of U.S. wealth distribution platform, benefiting clients through differentiated strategies, lower feesNet income (controlling interest) of $109 million, Economic Net Income of $171 millionAdjusted EBITDA of $227 million, grew 40% year-over-year, primarily... More