MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, August 31, 2006 Higher Stock Price, Earnings Likely For Eaton Vance The future looks rosy for Eaton Vance. The Boston-based investment management firm could see a boost in stock price and earnings in the months ahead even if the stock market takes a dip, according to Barron's. The report noted that Eaton Vance, whose stock climbed just four percent over the past year, saw assets under management rise 14 percent to $120 billion during the quarter ended July 31, the period when the S&P 500 Index slid almost 3 percent. The asset management industry increased assets by about 10 percent in the same quarter compared to last year. "If [Eaton Vance] can continue to generate 10% organic growth [in assets], the stock will continue to be revalued up, and earnings will continue to surprise despite market action," Barron's quoted Ryan Caldwell, a Waddell & Reed analyst, as saying. Printed from: MFWire.com/story.asp?s=12679 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |