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Invesco Q3 Operating Profit Up 39% and Announces $1.5 Billion Preferred Stock Buyback

The Motley Fool +1 · ·by G4L

IVZ
IVZ Invesco Ltd
$27.08 0.00%
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  1. 1Invesco's total assets under management (AUM) reached $2.5 trillion in the third quarter.
  2. 2Invesco announced an additional $1.5 billion preferred stock buyback to purchase preferred stock held by MassMutual.
  3. 3Invesco achieved $100 billion in net long-term inflows during the first nine months of this year.

So what's the key point?

Invesco earned a lot of money in the third quarter and decided to buy $1.5 billion in preferred stock. This means the company is growing its business by increasing its assets.

Source The Motley Fool +1 · View original ↗

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