Today, shares of Gamco Investors Inc – Class A Inc (NYSE: GBL) gained $ 0.16, an increase of 0.64%. Gamco Investors opened at $ 25.51 before trading between $ 25.84 and $ 25.21 throughout Friday’s trading. The activity saw Gamco Investors’ market capitalization reach $ 205,845,322 on 8,048 stocks, below their 30-day average of 16,023.

About Gamco Investors Inc – Category A

GAMCO is known for its research-driven approach to equity investing. GAMCO carries out its investment advisory activities mainly through two subsidiaries: GAMCO Asset Management Inc. (approximately 1,500 separate institutional and private accounts, mainly in the United States) and Gabelli Funds, LLC (24 open funds, one SICAV and 16 closed funds). end fund). GAMCO serves a broad client base including institutions, intermediaries, offshore investors, private wealth and direct retail investors. GAMCO offers a wide range of solutions in the areas of value and growth stocks, ESG-SRI, convertibles, sector strategies including gold and utilities, merger arbitrage and fixed income securities. In 1977, GAMCO launched its flagship All Cap Value strategy, Gabelli Value, and in 1986 launched its mutual fund business. In addition to its Value strategies, the firm has been managing solutions in Growth and Global Growth Equity, Convertibles, SRI and Merger Arbitrage for over 30 years.

Visit the Gamco Investors Inc – Class A profile for more information.

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BlackRock beats third quarter earnings estimates, but asset growth flattens

BlackRock Inc topped third quarter earnings estimates, helped by high performance fees and strong demand for its actively managed and sustainable funds, even as market volatility kept the world’s largest fund manager from increase its assets under management.

Asset managers have benefited from the surge in global financial markets in recent quarters as investors put money to work, making the most of the post-pandemic economic reopening, driven by advances in vaccinations and a strong fiscal and monetary assistance.

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JPMorgan misses third quarter revenue, beats profit estimates with one-off items

JPMorgan Chase posted a 24% rise in third-quarter profits on Wednesday, largely thanks to one-off items that boosted results as the bank struggled to increase revenue with interest rates close zero.

The country’s largest bank by assets said it made a profit of $ 11.69 billion, or $ 3.74 per share, compared to profit of $ 9.44 billion, or $ 2.92 per share. share, during the same period a year earlier. The bank had two one-off items that helped boost its profits this quarter: a $ 566 million tax break and the release of $ 2.1 billion from its troubled loan books, which JPMorgan does every three months. since the US economy began to recover from the pandemic.

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Emerson Electric to Merge Industrial Software Companies with Aspen Technology

Industrial software maker Emerson Electric Co (NYSE: EMR) will merge two of its businesses with smaller rival, Aspen Technology Inc (Nasdaq: AZPN), in an $ 11 billion deal.

The cash and stock transaction announced on Monday values ​​AspenTech at around $ 160 per share, a 27% premium from its October 6 close, before Bloomberg News first reported on the talks between the two. companies.

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About the New York Stock Exchange

The New York Stock Exchange is the world’s largest stock exchange in terms of market value with over $ 26 trillion. It’s also the leader in initial public offerings, with $ 82 billion raised in 2020, including six of the seven biggest tech deals. 63% of PSPC proceeds in 2020 were raised on the NYSE, including the six biggest deals.

To get more information about Gamco Investors Inc – Class A and keep up with the latest company updates, you can visit the company profile page here: Gamco Investors Inc – Class A Profile. information on financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView on the basis of prices delayed by 15 minutes. All other data is provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

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