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AMG - Here's Why Affiliated Managers Group Was Soaring Monday
Affiliated Managers Group Inc.
The stock market was having a mildly strong day on Monday, with all three major market indices up by 0.5% or less as of 2:30 p.m. EST. But Affiliated Managers Group (NYSE: AMG) was a big standout, with shares of the asset management firm higher by more than 14%.
The company reported its fourth-quarter earnings, and the results were significantly better than investors had expected.