T Rowe Price Group Earnings Drop

T. Rowe Price Group Inc's earnings have dropped by almost 90% as investment fees declined. The company's net income fell to $24.3 million from $190.7 million the previous year, according to Bloomberg. Investments made for clients decreased 30% from the

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T. Rowe Price Group Inc’s earnings have dropped by almost 90% as investment fees declined. The company’s net income fell to $24.3 million from $190.7 million the previous year, according to Bloomberg.

Investments made for clients decreased 30% from the previous year to $276.3 billion. In the last quarter, assets dropped by 20%, resulting in a market loss of $66.3 billion.

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