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T. Rowe Price profit, revenue drop in 2Q amid market turmoil

July 29, 2022

T. Rowe Price Group Inc. definitely felt the hit from global equity markets suffering what CEO Rob Sharps called “the biggest quarterly decline since the start of the pandemic.” The Baltimore investment firm experienced a drop in profit and revenue in the second quarter compared to the same period a year ago and saw customers pull billions from funds.

Article Source: Baltimore Business Journal

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