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T. Rowe Price Q4 profit up 40%
The investment firm earned 71 cents a share compared with 53 cents a year ago, beating views by 5 cents. T. Rowe Price Group's revenue rose 22.9% to $345.5 mil. Investment advisory fees rose 25% to $280.1 mil. Assets under management rose 23.8% to $235.2 bil, with mutual fund assets up 23% to $138 bil. Shares fell 12 cents to 58.76.
** Nelnet earned 88 cents a share in Q4, more triple the year-ago profit of 24 cents and beating views by 30 cents. Net interest income more than doubled to $90.2 mil, excluding loan loss …