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Wells Fargo
T. Rowe Price reports earnings up 1.7 percent
T. Rowe Price reports earnings up 1.7 percent

T. Rowe Price Group reported Wednesday a small increase in earnings for the first quarter of 2015 as higher expenses acted as a slight drag. The Baltimore-based money management firm earned $309.5 million in the January-to-March period, an increase of 1.7 percent from $304.3 million in the same period last year. Earnings per share rose a penny to $1.13, one cent lower than analysts expected. The company's stock closed down 21 cents at $82.59 a share in Wednesday trading. Revenue rose to more than $1 billion, up 7.6 percent from the same period last year, but operating expenses, including compensation and capital expenditures, rose more, the company said Wednesday. Operating...

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