LM - Earnings Preview: Legg Mason Looks For Synergies To Grow Profits
Asset manager Legg Mason (LM) will report its fiscal 2Q19 earnings towards the end of this month. It comes at a time when pressure continues to build on asset managers, particularly as others launch zero-fee funds. And for what it's worth, Legg Mason certainly isn't alone in feeling this pressure.
Ahead of the earnings release, here are some key points that investors should be watching for.
Teamwork makes the dream work
Legg Mason tells a familiar story seen across most traditional mutual fund managers. Revenue growth has been limited at best. AUM has