T. ROWE PRICE GROUP REPORTS SECOND QUARTER 2024 RESULTS

Rhea-AI Summary

T. Rowe Price Group (NASDAQ-GS: TROW) has announced its financial results for the second quarter of 2024. The company will host a webcast on July 26, 2024, from 8:00 - 8:45 AM (Eastern Time) to discuss the results. CEO Rob Sharps, CFO Jen Dardis, and Head of Global Investments Eric Veiel will participate in the call to provide updates on business performance, review financial results, and answer questions.

Investors can access the webcast and dial-in instructions through the company's investor relations website. Supplemental materials will be available shortly before the call, and a replay will be accessible after the event. The full earnings release is available on T. Rowe Price's website at troweprice.com/newsroom.

Insights

Financial Analyst

T. Rowe Price Group's Q2 2024 earnings release marks a important moment for investors and the asset management industry. While specific financial figures are not provided in this announcement, the fact that the company is holding a webcast to discuss business performance and financial results suggests there are significant developments to address.

Several key points warrant attention:

• The participation of CEO Rob Sharps and CFO Jen Dardis indicates the importance of the information to be shared, potentially signaling notable shifts in the company's financial position or strategic direction.
• The inclusion of Eric Veiel, Head of Global Investments, in the Q&A session suggests that investment performance and strategy may be a focal point, which could have implications for the firm's asset under management (AUM) and revenue streams.
• The provision of supplemental materials prior to the call hints at complex or detailed information that requires additional context, possibly indicating substantial changes or challenges in the business environment.

For investors, this earnings release and subsequent webcast are critical for assessing T. Rowe Price's financial health, market positioning and future outlook. The asset management industry has been facing headwinds from the shift to passive investing and fee compression, making any insights into T. Rowe Price's adaptation strategies particularly valuable.

While we await the specific numbers, investors should pay close attention to key metrics such as AUM growth, net flows, operating margins and any forward-looking statements about market conditions or strategic initiatives. The Q&A session could also provide valuable insights into how T. Rowe Price is navigating current market volatility and positioning itself for future growth.

BALTIMORE, July 26, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported its financial results for the second quarter of 2024. The earnings release can be found on the firm's website at troweprice.com/newsroom.

Chief Executive Officer and President Rob Sharps and Chief Financial Officer Jen Dardis will provide an update on business performance, review financial results, and answer questions on a webcast today from 8:00 - 8:45 AM (Eastern Time). Eric Veiel, Head of Global Investments, will join for the Q&A. To access the webcast or to obtain dial-in instructions to ask a question, please visit investors.troweprice.com.

Supplemental materials will be available on the firm's investor relations website shortly before the start of the call. A replay of the webcast will be available on the firm's investor relations website shortly after the event.

ABOUT T. ROWE PRICE

Founded in 1937, T. Rowe Price (NASDAQ - GS: TROW) helps individuals and institutions around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Clients rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price has $1.569 trillion in assets under management as of June 30, 2024, and serves millions of clients globally. News and other updates can be found on Facebook, Instagram, LinkedIn, X, YouTube, and troweprice.com/newsroom.

View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-second-quarter-2024-results-302207289.html

SOURCE T. Rowe Price Group

FAQ

When will T. Rowe Price (TROW) report its Q2 2024 earnings?

T. Rowe Price (TROW) has already reported its Q2 2024 earnings on July 26, 2024. The company is hosting a webcast on the same day to discuss the results.

How can investors access T. Rowe Price's (TROW) Q2 2024 earnings call?

Investors can access T. Rowe Price's (TROW) Q2 2024 earnings call via a webcast on the company's investor relations website. The webcast is scheduled for July 26, 2024, from 8:00 - 8:45 AM (Eastern Time).

Who will be presenting T. Rowe Price's (TROW) Q2 2024 financial results?

T. Rowe Price's (TROW) Q2 2024 financial results will be presented by CEO Rob Sharps and CFO Jen Dardis. Eric Veiel, Head of Global Investments, will join for the Q&A session.

Where can I find T. Rowe Price's (TROW) Q2 2024 earnings release?

T. Rowe Price's (TROW) Q2 2024 earnings release can be found on the company's website at troweprice.com/newsroom.