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Tag Archives: mark fetting

Legg Mason’s 4th quarter profit up 10 percent

Baltimore-based Legg Mason Inc. said Tuesday that its fiscal fourth-quarter profit increased 10 percent as it cut expenses to offset the impact of lower stock and bond assets. Net income rose to $76.1 million, or 54 cents a share, in ...

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Legg Mason’s 3Q profit declines 54 percent

Legg Mason Inc. said Friday that its fiscal third-quarter profit declined 54 percent as assets fell, lowering fees for managing investors’ money. Baltimore-based Legg earned $28.1 million, or 20 cents a share, in the quarter that  ended Dec. 31, from ...

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Legg Mason’s second quarter profit down 25 percent

Asset manager Legg Mason Inc. on Thursday said its fiscal second-quarter profit plunged 25 percent as its customers pulled money out of the markets, which experienced the worst quarter since the economic crisis, and its investments lost value. The results, ...

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Fetting says Legg still has work to be done

As part of its continuing restructuring efforts, Legg Mason Inc. said Tuesday that it had laid off 180 people, about 5 percent of its workforce, at the beginning of the month. The staff reduction, part of an effort to save ...

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Legg Mason’s 3Q profit up 37 percent

Baltimore money manager Legg Mason Inc. said Wednesday its fiscal third-quarter profit increased 37 percent to $61.6 million on revenue of $721.9 million. CEO Mark Fetting attributed the “solid earnings” — totaling 41 cents per diluted share — to stronger ...

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