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Rating:Fidelity Top Brass Spins Falling Revenue into Increased Profits Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, February 25, 2010

Fidelity Top Brass Spins Falling Revenue into Increased Profits

Reported by Armie Margaret Lee

Fidelity Investments chalked up operating income of $2.5 billion last year, up 5 percent from 2008, Reuters reports. The increase was driven mainly by cost-cutting efforts.

The Boston Behemoth pulled in revenue of $11.5 billion, down 11 percent from the year before.

Fidelity saw net inflows of $31.4 billion to its funds in 2009. 

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