Legg Mason Inc

Type: Company
Name: Legg Mason Inc
Nationality: United States
Fact Sheet: Fact Sheet for Legg Mason Inc.
First reported 15 hours ago - Updated 7 hours ago - 6 reports

BRIEF: Legg Mason earnings plunged 94 percent due to debt refinancing [The Baltimore Sun :: ]

Oct. 31--Legg MasonThe Baltimore-based firm reported it earned $4.9 million, or 4 cents a share, in its second fiscal quarter. By comparison, Legg earned $86.3 million, or 70 cents a share, in the same quarter last year.Legg Mason attributed the decline ... [Published BusinessWeek - 7 hours ago]
First reported 8 hours ago - Updated 8 hours ago - 1 reports

No rust belt here

Thought Leadership on Doing Business Downtown presented by Downtown Partnership of Baltimore.There are many perceptions about Baltimore, some good (it’s an affordable city of neighborhoods), some trite (it has funky charm), some harmful (it’s just like ... [Published The New York Enterprise Report - 8 hours ago]
First reported 9 hours ago - Updated 9 hours ago - 1 reports

40-17G - Permal Hedge Strategies Portfolio (0001578342) (Filer)

Document Format FilesSeq Description Document Type Size 1 LEGG MASON d812450d4017g.htm 40-17G 541213 Complete submission text file 0001193125-14-391967.txt 579952 ... [Published SEC - 9 hours ago]
First reported 12 hours ago - Updated 12 hours ago - 1 reports

Legg Mason's (LM) CEO Joseph Sullivan on Q2 2015 Results - Earnings Call Transcript

OperatorWelcome to the Legg Mason's Second Fiscal Quarter 2015 Earnings Call. [Operator Instructions] Please note that this teleconference is being recorded.It is now my pleasure to introduce your host, Alan Magleby, Head of Investor Relations and Corporate ... [Published Seeking Alpha - 12 hours ago]
First reported 15 hours ago - Updated 15 hours ago - 1 reports

More participants embrace mFund

International equities manager Insync Fund Managers has made its Global Titans Fund available on the mFund Settlement Service, in a move announced yesterday.“The growing demand for international investment by all Australian investors, including self-managed ... [Published Financial Observer - 15 hours ago]
First reported 16 hours ago - Updated 16 hours ago - 1 reports

Sector Update: Financial Shares Rally After Japan Surprises with Stimulus

BAC: +0.70%WFC: +0.78%C: -0.66%USB: +0.85%Financial shares were firmly in the green in pre-market trade Friday as Japan surprised investors with additional stimulus.In financial stocks news, WisdomTree Investments ( WETF ) shares rallied nearly 9% in ... [Published Nasdaq - 16 hours ago]
First reported 16 hours ago - Updated 16 hours ago - 1 reports

Investors pull back from stocks in October as Fed money-printing ends

The United States Federal Reserve Board building is shown in Washington October 28, 2014.Credit: Reuters/Gary Cameron(Reuters) - Equity holdings in global portfolios dipped to the lowest in more than a year in October as lingering caution about world ... [Published Reuters - 16 hours ago]
First reported 17 hours ago - Updated 17 hours ago - 1 reports

Legg Mason Q2 Profit Falls - Quick Facts

Legg Mason, Inc. (LM: Quote) Friday reported a plunge in its second-quarter earnings to $4.9 million or $0.04 per share from $86.3 million or $0.70 per share last year.The company completed a debt refinancing that resulted in a $107.1 million charge or ... [Published RTTNews.com - 17 hours ago]
First reported 17 hours ago - Updated 17 hours ago - 2 reports

Legg Mason Reports Results for Second Fiscal Quarter 2015

/PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the second fiscal quarter ended September 30, 2014.  The Company reported net income 1 of $4.9 million,Click to Continue » ... [Published Rock Hill Herald - 17 hours ago]
First reported 17 hours ago - Updated 17 hours ago - 1 reports

Legg Mason beats by $0.02, misses on revenue

ews EditorLegg Mason (NYSE:LM): FQ2 EPS of $0.35 beats by $0.02.Revenue of $703.9M (+5.1% Y/Y) misses by $1.59M. ... [Published Seeking Alpha - 17 hours ago]
First reported 17 hours ago - Updated 17 hours ago - 1 reports

Legg Mason Reports Results for Second Fiscal Quarter 2015

BALTIMORE, Oct. 31, 2014 /PRNewswire/ -- Legg Mason, Inc. (NYSE:LM) today reported its operating results for the second fiscal quarter ended September 30, 2014. The Company reported net income1 of $4.9 million, or $0.04 per diluted share, as compared ... [Published Nasdaq - 17 hours ago]
First reported Oct 30 2014 - Updated Oct 30 2014 - 11 reports

Western Asset High Yield Defined Opportunity Fund Inc. Portfolio Composition as of September 30, 2014

.Investment Objective: The Fund’s primary investment objective is high income. Capital appreciation is a secondary objective. , a non-diversified closed-end investment management company, is advised by Legg Mason Partners Fund Advisor, LLC, a wholly owned ... [Published Pettinga Financial Advisors - Oct 30 2014]

Quotes

"While this restructuring impacted the current quarter, the resulting decrease in our run-rate interest expense and enhanced financial flexibility will benefit shareholders over the long-term" Legg Mason Chairman and CEO Joseph A Sullivan said in a statement
"The end of tapering and the eventual increase in interest rates in the U S has reintroduced volatility into the equity markets" said Wayne Lin, portfolio manager at Legg Mason Global Asset Management
Joseph A Sullivan, Chairman and CEO of Legg Mason said, "Legg Mason experienced long-term inflows for the second straight quarter, along with liquidity inflows and continued strong investment performance. Our global retail distribution team reported record gross sales of nearly $20 billion, and record net sales of $5 billion, highlighting our depth of product, distribution capability and strong performance in products that are in demand from investors. During the period, we also completed a transaction refinancing our debt at current historically low rates while meaningfully laddering out our maturities. While this restructuring impacted the current quarter, the resulting decrease in our run-rate interest expense and enhanced financial flexibility will benefit shareholders over the long-term."
"If it goes wrong in five years the country will be out of savings and go bust" he said

More Content

All (477) | News (273) | Reports (1) | Blogs (177) | Audio/Video (0) | Fact Sheets (5) | Press Releases (21)
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BRIEF: Legg Mason earnings plunged 94 percent d... [Published BusinessWeek - 7 hours ago]
No rust belt here [Published The New York Enterprise Report - 8 hours ago]
40-17G - Permal Hedge Strategies Portfolio (000... [Published SEC - 9 hours ago]
Refinancing Cuts Into Legg Mason Profit - WSJ [Published DailyMe.Com - 9 hours ago]
Legg Mason Fiscal Q2 Earnings Beat on Higher Re... [Published Zacks.com - 9 hours ago]
Joseph Sullivan: Legg Mason is 'entirely focuse... [Published Baltimore Business Journal - 10 hours ago]
What’s Next for Credit-Heavy Closed-End Funds? [Published InvestorPlace.com - 10 hours ago]
Legg Mason's (LM) CEO Joseph Sullivan on Q2 201... [Published Seeking Alpha - 12 hours ago]
Legg Mason earnings drop 93 percent as it refin... [Published Baltimore Business Journal - 15 hours ago]
More participants embrace mFund [Published Financial Observer - 15 hours ago]
More on Legg Mason FQ2 results [Published Seeking Alpha - 15 hours ago]
Sector Update: Financial Shares Rally After Jap... [Published Nasdaq - 16 hours ago]
Investors pull back from stocks in October as F... [Published Reuters - 16 hours ago]
Legg Mason (LM) Showing Bullish Technicals With... [Published MarketIntelligenceCenter.com - 16 hours ago]
Legg Mason Q2 Profit Falls - Quick Facts [Published RTTNews.com - 17 hours ago]
Legg Mason beats by $0.02, misses on revenue [Published Seeking Alpha - 17 hours ago]
Legg Mason Reports Results for Second Fiscal Qu... [Published Rock Hill Herald - 17 hours ago]
Legg Mason Reports Results for Second Fiscal Qu... [Published Nasdaq - 17 hours ago]
Legg Mason Reports Results for Second Fiscal Qu... [Published PR Newswire: Financial Services - 17 hours ago]
Earnings Scheduled For October 31, 2014 [Published MoneyShow.com - 19 hours ago]
Earnings Scheduled For October 31, 2014 [Published Benzinga.com - 19 hours ago]
New Funds on Board! [October 2014] [Published Fundsupermart.com - 22 hours ago]
Visa-MasterCard Fuel S&P 500 Earnings in Improv... [Published Bloomberg - Oct 30 2014]
Pershing Adds to FundVest Platform [Published AdvisorOne - Oct 30 2014]
'It is boom or bust for Japanese shares' [Published Telegraph - Oct 30 2014]
Business kudos and notes [Published Summerville Journal Scene - Oct 30 2014]
Western Asset Premier Bond Fund Portfolio Compo... [Published Industrial Info Financials - Oct 30 2014]
Western Asset High Yield Defined Opportunity Fu... [Published Pettinga Financial Advisors - Oct 30 2014]
Legg Mason BW Global Income Opportunities Fund ... [Published Investor's Business Daily - Oct 30 2014]
Western Asset Income Fund Portfolio Composition... [Published Industrial Info Financials - Oct 30 2014]
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Blogs

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Legg Mason (LM) Showing Bullish Technicals With... [Published MarketIntelligenceCenter.com - 16 hours ago]
For a hedged play on Legg Mason Inc (LM) MarketIntelligenceCenter.com’s patented trade-picking algorithms recommend the Dec. '14 $50.00 covered call for a net debit in the $48.96 area. That is also the break-even stock price for the covered call. This ...
Legg Mason Reports Results for Second Fiscal Qu... [Published PR Newswire: Financial Services - 17 hours ago]
BALTIMORE, Oct. 31, 2014 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the second fiscal quarter ended September 30, 2014.  The Company reported net income1 of $4.9 million, or $0.04 per diluted share, as compared ...
Legg Mason BW Global Income Opportunities Fund ... [Published Business Wire Professional Services News - Oct 30 2014]
NEW YORK--(BUSINESS WIRE)--Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) announces its portfolio composition as of September 30, 2014. Investment Objective: To provide current income. As a secondary investment objective, the Fund will ...
Legg Mason (LM) Trading Near $52.33 Resistance ... [Published MarketIntelligenceCenter.com - Oct 30 2014]
For a hedged play on Legg Mason Inc (LM), MarketIntelligenceCenter.com’s option-trade picking algorithms recommend the Dec. '14 $50.00 covered call for a net debit in the $48.86 area. That is also the break-even stock price for the covered call. This ...
Potential Legg Mason (LM) Trade Has 4.79% Downs... [Published MarketIntelligenceCenter.com - Oct 29 2014]
Option-trade picking algorithms patented by MarketIntelligenceCenter.com found a trading opportunity with Legg Mason Inc (LM) that should provide a 2.69% return in just 52 days. Sell one Dec. '14 call at the $50.00 level for each 100 shares of Legg Mason ...
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Press Releases

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Western Asset CIO Advocates For Unconstrained F... [Published Financial Services - Oct 23 2014]
Legg Mason Reports Assets Under Management and ... [Published Financial Services - Oct 10 2014]
Brandywine Global Sees Growing Prospects in Glo... [Published Financial Services - Oct 09 2014]
Legg Mason's Scholars Choice® College Savings P... [Published Financial Services - Oct 06 2014]
Former Legg Mason Director of Wealth Management... [Published GlobeNewswire: Advertising News - Oct 06 2014]
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