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 - Regulatory
ICI pursues reforming, modernizing '40 Act

The Investment Company Institute this week made public a set of recommendations to reform and modernize the Investment Company Act of 1940, which has not been ...

10 Things
10 Women...who chair the Audit Committee

The percentage of female independent directors serving on mutual fund boards has increased impressively in recent years, jumping from about 20% 10 years ago to nearly 40% ...