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AMG - Why Shares of Affiliated Managers Group Are Rising Today
Affiliated Managers Group Inc.
Shares of the investment management firm Affiliated Managers Group (NYSE: AMG) traded nearly 10% higher as of 12:15 p.m. ET on Monday after the company reported earnings results for the third quarter.
Affiliated Managers reported adjusted earnings per share of $4.21 on total revenue of more than $575 million in the third quarter, with both numbers beating analyst estimates.