Baltimore-based money manager T. Rowe Price Group earned $333.2 million between April and June, 9 percent more than the same period last year.
Earnings for the quarter were $1.24 per share, beating analysts' consensus estimate of $1.20, and up from $1.13 a year earlier.
Revenues were $1.07 billion in the second quarter, up 9 percent over the same period last year.
Client assets managed by the firm were $773 billion, up slightly from $772.7 billion at the end of the prior quarter. Clients invested $2.9 billion in U.S. mutual funds, but pulled $2.6 billion out of the firm's other investment portfolios.
"I thought the quarter was basically in line with...