PRICE T ROWE GROUP INC (TROW): Results of Operations and Financial Condition

T. Rowe Price (TROW) reported Q2 2026 results on an earnings call. Ending AUM was $1.89T at June 30, 2026, up 10.7% from March, but net client outflows were $6.5B. Adjusted diluted EPS was $2.57 and adjusted net revenue $1.9B. The firm guided full-year adjusted operating expense growth of 4% to 7% and discussed ETF, SMA, and AI initiatives.

Investing.com reports T. Rowe Price (TROW) shares fell about 5.5% to $112.77 after its Q2 2026 results. The firm posted adjusted diluted EPS of $2.57 vs. ~$2.42 consensus and revenue of $1.91B vs. forecasts, but investors focused on $6.5B net client outflows. AUM ended at $1.89T. Analysts’ targets were below the prior trading range.

T. Rowe Price, which oversees about $1.9 trillion in assets, launched the T. Rowe Price Active Crypto ETF (TKNZ), an actively managed multi-token spot crypto ETF. It began trading Thursday and can adjust holdings across bitcoin, ether, BNB, XRP, solana and Hyperliquid. The ETF charges a 0.75% fee through May 2027, then 0.90%.

Felipe Sinisterra and Dave Wang, founders of Wall Street Prompt, charge Wall Street banks about US$25,000 for AI training sessions, with a two-month backlog, according to the article. They teach use of Alphabet’s Gemini and tools like ChatGPT and Claude to analyze earnings calls and pitch materials. Banks including Citigroup and Bank of America have cut jobs despite strong earnings, while Standard Chartered plans further reductions; the demand reflects a skills gap in deploying AI.

Caterpillar shares rose about 12% on 4 August after its Q2 results beat analyst expectations. The company reported revenue of $20.54bn, up 24% year on year, and adjusted EPS of $8.17 versus $6.20 expected. Operating profit was $4.3bn. Order backlog reached $72.1bn, up 92%, supporting construction and power demand tied to data centres.

Lee Enterprises reported Q3 2026 progress toward a digital-first model, saying digital revenue was 57% of total revenue. It cited a 15% cash cost reduction and fifth straight quarter of comparable adjusted EBITDA growth, raising full-year adjusted EBITDA guidance to 22% to 28%. The company expects about $18M annual interest savings, positive net income of $5.2M, and plans debt paydown using excess cash and non-core asset sales.