In the Margins

Fidelity revenue, profit up

February 16, 2017

By Investor's Business Daily

Fidelity Investments on Thursday said 2016 revenue rose a record 3.4% to $15.9 billion. The combination of revenue growth and slightly lower expenses produced a record profit of $3.5 billion—an increase of 19.5% over 2015's $3 billion in operating income. Read the original story from Investor's Business Daily.

 

 

Most Read

Top of the Agenda - Governance
Fewer women, minorities among new fund directors

After years of making gains in filling fund board seats, women and individuals representing minority groups lost significant ground in the most recent two-year period measured ...

Top of the Agenda - Compensation
IDC: Fund director pay climbs again in 2024

Mutual fund independent directors earned more in 2024 than in the year prior, and the pace at which their compensation grew was also higher year-on-year, according ...