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Fidelity 2014 Profit Surged, But Equity Outflows Doubled

TedTed
edited February 2015 in The Bullpen
FYI: Fidelity Investments said on Thursday operating profit rose 29 percent to $3.4 billion in 2014 as growth in its financial services business and cost cuts outweighed the effect of an exodus of funds from its equity products.
Regards,
Ted
http://www.reuters.com/assets/print?aid=USL1N0VM1QA20150212

Investment News Slant:
http://www.investmentnews.com/article/20150212/FREE/150219972?template=printart
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