Invesco Announces Q3 Diluted EPS of $0.71

Invesco recently published its financial results for the three months ended 30 September 2021. The financial services provider saw a marginal jump in the total assets under management (AUM). In Q3 of 2021, the ending AUM reached $1,528 billion, which is 0.2% higher compared to the second quarter of 2021.

In terms of net long-term inflows, the number reached $13.3 billion, compared to $31 billion in Q2 of 2021. The recent number includes $11.5 billion worth of institutional net long-term inflows and approximately $1.8 billion worth of retail net long-term inflows.

Invesco mentioned that the net market losses and foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) rate movements decreased AUM by $14.6 billion and $4.0 billion, respectively. Additionally, the company announced the third-quarter EPS of $0.71.

"We continue to see growth from our key capability areas, including ETFs, Fixed Income, China, Solutions, Alternatives and Global Equities. With this growth, we have now had five consecutive quarters of net long-term inflows for the firm. The momentum we are seeing is producing positive operating Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term and further strengthening our balance sheet and financial flexibility for the future. Our absolute focus on client outcomes, investment readiness, competitive strength and scale position us well for continued organic growth," Marty Flanagan, President and CEO of Invesco, said.

Operating Revenues and Expenses

During the latest quarter, operating revenues increased sharply compared to the same period last year. In Q3 of 2021, the operating income touched $463.8 million, compared to $268.5 million in Q3 of 2020. On the other hand, the overall operating expenses in the third quarter increased significantly compared to Q2 of 2021.

“Operating expenses increased $35.7 million in the third quarter as compared to the second quarter, driven by an increase of $35.1 million in transaction, integration and restructuring costs. Transaction, integration and restructuring costs included a benefit of $85.4 million in the second quarter and a third-quarter benefit of $45.7 million as discussed above. Third-party distribution, service and advisory costs were up $6.8 million during the quarter driven by higher average AUM,” Invesco added.