BNET Industries
Legg Mason Inc. (LM) is in the Financial Services Industry
- Revenue
- Mar 31 2008
- $4.6B
- Profit
- Mar 31 2008
- $267.6M
- Market Cap
- Nov 28 2008
- $2.5B
Latest News and Analysis
Bank of NY Mellon to Cut 1,800 Jobs
NEW YORK (Reuters) - Bank of New York Mellon Corp BK on Thursday said it plans to cut 1,800 jobs as falling equity markets reduce the assets it oversees, cutting into potential profit.The reductions affect about 4 percent of the New York-based company's 43,000-person workforce, with the bulk beginning in...
BlackRock Tells Employees Jobs to Be Cut This Week
BOSTON (Reuters) - U.S. asset manager BlackRock Inc BLK warned its employees on Monday of impending job cuts to be made this week, saying it was looking for ways to reduce expenses in the challenging market and economic conditions.The largest publicly traded U.S. asset manager joins a growing list of...
Legg Mason Not Planning to Raise Fresh Capital: CEO
BOSTON (Reuters) - Legg Mason Inc LM is not planning to raise fresh capital to support investments in risky securities made by its money-market funds, the U.S. asset manager's chief executive said on Tuesday."We do not anticipate another capital raise," Mark Fetting told the Merrill Lynch Banking & Financial Services...
KKR Delays Listing as Crisis Bites
By Reed Stevenson and Paritosh BansalAMSTERDAM/NEW YORK (Reuters UK) - Kohlberg Kravis Roberts KKR delayed plans to go public after its Amsterdam-listed affiliate suffered big investment losses, the latest blow to the buyout firm's initial public offering plans due to the credit crisis.KKR, whose investments include asset manager Legg Mason...
Legg Mason, Inc. F2Q09 (09/30/08) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Our first question comes from William Katz with Buckingham. William Katz - Buckingham Hi. Thank you very much. I apologize I did join a couple of minutes late coming off another conference call. Mark, you mentioned some cost reductions and I was scribbling down those...
Earnings Preview: Legg Mason
Legg Mason LM is expected to report Q3 earnings before market open Wednesday, Oct. 29, with a conference call scheduled for 10:00 am. Guidance Analysts are looking for EPS of 2c on revenue of $1.01B. The consensus range for EPS is (54c) to 96c, while the consensus range for revenue...
Five PEG-Ratio Play Stocks for 2008
Andrew Horowitz submits: Last year, 5 positions were recommended from a screen we created to provide a simple way to seek out stocks that may be considered value investments but have superior earnings growth characteristics. The results/performance of the 5 positions with the highest EPS Growth estimated for next...
Money Market Funds' Lehman Exposure
FP Trading Desk submits: While some smaller money market funds have broken the buck as a result of their exposure to Lehman Brothers Holdings Inc. LEH, many publicly traded money managers appear to have little or no exposure. “Breaking the buck” occurs when a fund’s net asset value falls...
S&P 500 Financials - Best and Worst of the Week
Hickey and Walters Bespoke submit: While some Financial stocks have been dealing with their fair share of turmoil this week, the sector itself hasn't had that bad of a week. As shown in the chart below, while the sector has come in some this week, it's still well...
Lehman Brothers Take-over: Implications for Financials
Benjamin Mackovak submits: I thought it would be interesting to take a look at what a Lehman LEH take-over would imply for the valuation of financials. I ran a screen for financials with market caps above $900m that trade in the US and trade below current book value. I then...
Looking For Action? S&P 1500 Most Volatile Stocks
Hickey and Walters Bespoke submit: For traders with a more short-term time horizon, we have compiled a list of the S&P 1500 stocks trading above $25 per share that have the largest intraday high-low ranges (based on the average percent spread between the intraday high and low over...
Looking Inside the New Ben Graham ETN Baskets
Rick Konrad submits: Exchange traded notes [ETN] are a fairly new investment product that share some characteristics of exchange-traded funds, or ETFs. They are simply direct debt obligations issued by a bank or investment firm rather than an interest in a pool of securities that define an ETF.A bank...
Value Investors, Remember Margin of Safety
David Merkel submits: In value investing, it is imperative that one considers the state of the industry invested in, the balance sheet of the company, and earnings quality. These are basic concerns for any investor, and all of my failures in investing can be be linked to neglect of...
Five Great Businesses Currently on Sale
Frank Rong submits: The best time to buy is when we have a negativity bubble. This great nation of ours is in a deep pessimism. We have not seen consumer sentiment this low for decades see following chart. click to enlarge by Frank Rong
Bill Miller's Value Trust Fund Runs Into a Tough Market
Trader Mark submits: I've written about Bill Miller in the past (Apr 9: Bill Miller is #596! Ouch) not to criticize but to show just how hard it is to stay on top...How far the mighty have fallen ... Bill Miller is a mutual fund manager who had an incredible...
Legg Mason, Inc. F1Q09 (Qtr. End 06/30/08) Earnings Call Transcript
Question-and-Answer SessionThank you, sir. [Operator Instructions]. Our first question is from Prashant Bhatia of Citi. Your question please. Prashant Bhatia - Citigroup Hi, I guess so far the cost to support the western money funds has been about $875 million. Assuming there is no more support, how much of...
SWOT Analysis of Legg Mason, Inc. Now Available
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c92267) has announced the addition of "Legg Mason, Inc. - SWOT Analysis" to their offering.
LMP Real Estate Income Fund Inc. and Western Asset Zenix Income Fund Inc. Announce Actions to Restructure Leverage with Reductions in Auction Rate Preferred Shares
NEW YORK -- LMP Real Estate Income Fund Inc. (NYSE: RIT) announced today actions that would restructure the Fund's leverage and provide liquidity to holders of its auction rate preferred shares ("ARPS") on terms and conditions management and the Board of the Fund believe are in the best interests of...
Spot Runner Receives $51 Million in New Funding From Daily Mail and General Trust, Grupo Televisa, Legg Mason Capital Management and Groupe Arnault/LVMH
Spot Runner today announced that global media leaders Daily Mail and General Trust DMGT and Grupo Televisa, along with renowned institutions Legg Mason Capital Management* and Groupe Arnault/LVMH, as well as existing investors have made equity investments in the company totaling $51 million.
Legg Mason, Inc. F4Q08 (Qtr. End 03/31/08) Earnings Call Transcript
Question-and-Answer SessionThank you sir. [Operator Instructions]. Our first question or comment comes from the line of William Katz with Buckingham Research. Your line is open. William Katz - Buckingham Research Yes, thank you very much. Markus I guess the question is you let off the conversation by saying that...
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- Incorporated: 1981
- CEO: Mr. Mark R. Fetting
Legg Mason is a global asset management company. Acting through its subsidiaries, Co. provides investment management and related services to institutional and individual clients, company-sponsored mutual funds as well as other pooled investment vehicles. Co. provides these products and services directly and through various financial intermediaries. As of Mar 31 2008, Co. conducted its businesses through three operating divisions: Managed Investments, Institutional, and Wealth Management. Within each of its divisions, Co. provides its services through a number of asset managers, each of which is an individual business that markets its products and services under their own brand name.
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Legg Mason Inc. Company Info
Board of Directors
Raymond A. Mason
Non-Executive Chairman
Ms. Cheryl Gordon Krongard
Mr. James E. Ukrop
Mr. Harold L. Adams
Ms. Margaret Milner Richardson
Mr. Kurt L. Schmoke
Mr. Nicholas J. St. George
Lead Director
Mr. Mark R. Fetting
Mr. Dennis R. Beresford
Mr. W. Allen Reed
Mr. Roger W. Schipke
Mr. Scott C. Nuttall
Mr. Robert E. Angelica
Dr. John E. Koerner III
Contact Information
100 Light Street
Baltimore, MD
410 539 0000
NAICS Code
Securities Brokerage: 523120Brought to you by IBM
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