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T. Rowe Price’s Q3 Results Show Revenue and Asset Growth

Baltimore City-based T. Rowe Price’s third-quarter results reflect a market recovering, despite the economic impact of the COVID-19 pandemic. T. Rowe’s net revenues reached $1.6B, an increase from $1.4B in 2019, and assets under management grew to $1.3T, up from $1.126T at the end of last year’s third quarter, via The Daily Record. President and CEO William J. Stromberg attributed this growth in part to the strength of stock and bond markets around the world and notes that T. Rowe also benefits from investing its revenue back into the business -“T. Rowe Price is working harder than ever for our clients right now, and I think it’s paid off in the marketplace.”

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