Invesco Ltd ($IVZ) Stock Forecast: Down 5.1% Today

What is Invesco Ltd?

Invesco (IVZ) is a global independent investment management company that offers a wide range of financial services and products to individual and institutional investors. The stock had a bearish movement today.

Why is Invesco Ltd going down?

IVZ stock is down 5.1% on Oct 23, 2024 17:26

• Invesco (IVZ) stock experienced a strong bearish movement despite meeting earnings estimates and showing positive year-over-year revenue growth.
• The market may have reacted negatively due to broader market conditions or specific concerns related to the company's future outlook.
• The positive earnings report and revenue increase were not enough to offset the overall sentiment in the market, leading to the stock's decline.
• Investors might be cautious about the company's future performance, leading to a sell-off despite the positive financial results.

IVZ Price Chart

IVZ Technical Analysis

IVZ News

Invesco Mortgage Capital ( IVR ) Falls More Steeply Than Broader Market: What Investors Need to Know

Invesco Mortgage Capital (IVR) concluded the recent trading session at $8.41, signifying a -0.59% move from its prior day's close.

https://www.zacks.com/stock/news/2355346/invesco-mortgage-capital-ivr-falls-more-steeply-than-broader-market-what-investors-need-to-know

Invesco Q3 Earnings Meet Estimates on Y/Y Revenue Increase, Stock Up

IVZ's third-quarter 2024 earnings match estimates, driven by higher adjusted revenues and lower adjusted expenses. Also, higher AUM & inflows are other positives.

https://www.zacks.com/stock/news/2355081/invesco-q3-earnings-meet-estimates-on-yy-revenue-increase-stock-up

Invesco ( IVZ ) Q3 Earnings Match Estimates

Invesco (IVZ) delivered earnings and revenue surprises of 0% and 0.21%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2354537/invesco-ivz-q3-earnings-match-estimates

Should Invesco Bloomberg Pricing Power ETF ( POWA ) Be on Your Investing Radar?

Style Box ETF report for ...

https://www.zacks.com/stock/news/2354478/should-invesco-bloomberg-pricing-power-etf-powa-be-on-your-investing-radar

Zacks Investment Ideas feature highlights: Fiserv, Invesco and Moody's

Fiserv, Invesco and Moody's have been highlighted in this Investment Ideas article.

https://www.zacks.com/stock/news/2354461/zacks-investment-ideas-feature-highlights-fiserv-invesco-and-moodys

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Invesco Ltd Price History

23.09.2024 - IVZ Stock was down 5.1%

• Invesco (IVZ) stock experienced a strong bearish movement despite meeting earnings estimates and showing positive year-over-year revenue growth.
• The market may have reacted negatively due to broader market conditions or specific concerns related to the company's future outlook.
• The positive earnings report and revenue increase were not enough to offset the overall sentiment in the market, leading to the stock's decline.
• Investors might be cautious about the company's future performance, leading to a sell-off despite the positive financial results.

14.10.2023 - IVZ Stock was up 5.5%

• The bullish movement in IVZ today could be attributed to the following factors:
• Positive earnings report: Deere & Company, a company mentioned in one of the articles, reported better-than-expected earnings. This positive sentiment in the industrial sector could have had a spillover effect on IVZ.
• Interest in smart beta ETFs: The articles mentioning ETFs like Invesco S&P 500 Equal Weight Industrials ETF (RSPN) and Invesco NASDAQ Next Gen 100 ETF (QQQJ) could have generated interest in the broader ETF market, including IVZ's offerings.
• Crypto-related phishing attacks: Although not directly related to IVZ, the mention of phishing attacks stealing crypto funds could have led investors to seek more traditional investment options like IVZ, resulting in increased demand.
• Overall market sentiment: It's important to consider the overall market sentiment as well. If the broader market was experiencing a bullish trend, it could have positively influenced IVZ's movement.

29.10.2023 - IVZ Stock was up 5.6%

• The overall positive sentiment towards ETFs, as indicated by the inflows of capital into U.S. equity ETFs, may have contributed to the bullish movement of Invesco's stock.
• The article mentioning the potential launch of a spot bitcoin ETF and the skepticism of some established names in the cryptocurrency space could have created a positive sentiment towards traditional investment management firms like Invesco, leading to the bullish movement.
• The fact that Invesco offers a range of ETFs, including large-cap growth, Russell 2000 dynamic multifactor, and pharmaceuticals ETFs, may have attracted investors looking for exposure to different sectors, contributing to the bullish movement.
• Overall, the bullish movement of Invesco's stock today could be attributed to the positive sentiment towards ETFs, potential opportunities in the cryptocurrency space, and the diverse range of ETF offerings by the company.

02.10.2023 - IVZ Stock was up 5.1%

• The bullish movement in the stock of Invesco (IVZ) today can be attributed to the following factors:
• 1. Expectations of positive Q3 earnings: The article discussing Invesco Mortgage's Q3 earnings suggests that the widening of Agency MBS spreads and MBS runoff may have affected Invesco's book value. However, the market may have reacted positively to the anticipation of better-than-expected earnings.
• 2. Optimism surrounding the end of rate hikes: The article about growth ETFs mentions that Federal Reserve Chair's comments on the possible end of rate hikes have created optimism among investors. This positive sentiment towards the market as a whole could have contributed to the bullish movement in Invesco's stock.
• 3. Positive outlook for specific ETFs: The articles about Invesco's various ETFs, such as the S&P 500 Pure Growth ETF and the S&P 500 Equal Weight Financials ETF, indicate a favorable assessment of these investment options. This positive outlook for specific ETFs could have attracted investors to Invesco's stock, leading to the bullish market movement.
• Overall, the bullish movement in Invesco's stock today can be attributed to expectations of positive earnings, optimism surrounding the end of rate hikes, and positive assessments of specific ETFs offered by the company.

13.01.2024 - IVZ Stock was down 7.3%

• Invesco's January assets under management (AUM) declined due to weak market performance and outflows, which could have contributed to the bearish movement in the stock.
• A release of Invesco's AUM figures for January 2024 indicated a potential negative impact on investor sentiment.
• The rise in AllianceBernstein's (AB) AUM on market appreciation could have further highlighted the relative underperformance of Invesco, potentially leading to a bearish market movement.
• The recent acquisition of Putnam Investments by Franklin Resources (BEN) could have diverted investor attention away from Invesco, contributing to the bearish movement.

10.03.2024 - IVZ Stock was down 5.3%

• IVZ experienced a bearish movement today.
• The recall of 42,652 Bronco Sport and Escape vehicles by Ford due to broken fuel injectors causing potential fire hazards likely impacted market sentiment negatively.
• Investors may have shifted focus towards safer investments following the news of the vehicle recall, leading to a sell-off in IVZ.
• The uncertainty surrounding Ford's recall could have triggered concerns about potential financial implications for the company, contributing to the bearish trend in IVZ.

13.05.2024 - IVZ Stock was down 5.8%

• Invesco (IVZ) experienced a bearish movement despite reporting a 3.8% increase in AUM in May.
• The market may have reacted negatively to the strong performance of other asset management firms like AllianceBernstein and Cohen & Steers, which saw significant AUM growth driven by market appreciation.
• Investors might be concerned about potential challenges or headwinds specific to Invesco that could be impacting its stock performance.
• An interview on CNBC may have provided insights or signals that influenced market participants to sell off Invesco's stock.

13.01.2024 - IVZ Stock was down 6.4%

• The bearish movement in the stock of Invesco (IVZ) today may be attributed to the following factors:
• 1. Preliminary AUM figures: The release of Invesco's preliminary assets under management (AUM) figures for January 2024 might have disappointed investors if the numbers were lower than expected, leading to a negative sentiment surrounding the stock.
• 2. Competition in the ETF market: Comparisons between Invesco's ETFs and other funds in the market have highlighted intense competition. If investors perceive Invesco's offerings as less attractive compared to its competitors, it could contribute to the bearish movement.
• 3. Ethereum ETF filing: The news about other asset managers applying for a Spot Ethereum ETF approval might divert investor attention away from Invesco. This could result in a shift of capital towards potential Ethereum ETFs, leading to a decline in Invesco's stock price.
• 4. Overall market sentiment: It's important to consider the broader market conditions and investor sentiment. If there is a general bearish sentiment in the market or concerns about the economy, it could influence the decline in Invesco's stock price along with other factors.
• Please note that the assessment provided is based on available information and may not capture all the factors influencing the market movement of Invesco (IVZ) today.

23.03.2024 - IVZ Stock was down 5.4%

• Today, IVZ experienced a strong bearish movement due to its Q1 earnings report missing both EPS and revenue expectations:
• IVZ reported earnings per share of 33 cents, below the analyst estimate of 40 cents, indicating a -17.50% surprise.
• The company's revenue of $1.05 billion was 3.39% worse than the analyst estimate of $1.09 billion.
• This disappointing performance likely led to a decrease in investor confidence and a sell-off of IVZ shares, causing the bearish market movement.

11.06.2024 - IVZ Stock was up 5.1%

• The bullish movement in IVZ stock is linked to Invesco's Assets Under Management (AUM) reaching $1,715.8B in June 2024, reflecting a 1.7% increase. This growth was driven by net long-term inflows of $6.5B and positive market returns.
• Investor optimism surrounding IVZ's performance may have been influenced by the increase in AUM and favorable inflows, contributing to the stock's bullish movement.
• Despite concerns expressed about growth constraints for Invesco Ltd., the recent AUM growth and market performance appear to have outweighed these concerns, resulting in the upward trend for IVZ today.

23.06.2024 - IVZ Stock was up 3.3%

• IVZ's Q2 2024 earnings report showed that while the revenue surpassed estimates, the EPS missed expectations. This mixed performance could have initially caused some uncertainty in the market.
• The announcement of the launch of the Invesco Galaxy Ethereum ETF (QETH) in partnership with Galaxy Asset Management likely sparked investor interest and optimism in IVZ's future prospects.
• Despite the mixed earnings report, the positive market sentiment towards IVZ was further reinforced by the news of the company topping Q2 earnings and revenue estimates, indicating a potential growth trajectory.
• The introduction of the Invesco Galaxy Ethereum ETF (QETH) providing US investors with direct investment options in physical Ethereum could have contributed to the bullish movement as it expands IVZ's digital asset portfolio offerings, attracting more investors to the stock.

02.07.2024 - IVZ Stock was down 6.4%

• The bearish movement in Invesco Ltd. (IVZ) stock could be attributed to the overall market sentiment influenced by the news of job creation slowing down in July, signaling weaker labor market conditions and potentially leading to interest rate cuts.
• The news of job creation tumbling and higher unemployment rates may have raised concerns among investors about the economic outlook, leading to a sell-off in IVZ stock.
• Additionally, the negative sentiment surrounding the job market could have impacted the overall confidence in the financial sector, contributing to the bearish movement in Invesco's stock price.
• The outflow of $77.2 million from Ethereum Spot ETFs might have also added to the market uncertainty, further impacting the trading activity and investor sentiment towards IVZ stock.