April 25– T. Rowe Price Group Inc. reported a profit of $385.9 million in the first three months of the year, up 27 percent from the January-through-March period last year. Eight analysts polled by Zacks Investment Research estimated earnings of $1.20 a share. T. Rowe Price reported revenue of $1.1 billion, up 12 percent from $994.1 million the same period last year.
That includes Chairman Stephen Sanger, the bank’s independent chairman, who received 56 percent of shareholder votes. The three who got 99 percent were CEO Tim Sloan— who got his job in October after former CEO John Stumpf departed— and two independent directors who started earlier this year. Wells’ nearly three-hour long shareholder meeting was interrupted…Read more