Let’s dig into the relative performance of Affiliated Managers Group (NYSE: AMG) and its peers as we unravel the now-completed Q4 custody bank earnings season.

Custody banks safeguard financial assets and provide services like settlement, accounting, and regulatory compliance for institutional investors. Growth opportunities stem from increasing global assets under custody, demand for data analytics, and blockchain technology adoption for settlement efficiency. Challenges include fee pressure from large clients, substantial technology investment requirements, and competition from both traditional players and fintech firms entering the space.

The 16 custody bank stocks we track reported a strong Q4. As a group, revenues beat analysts’ consensus estimates by 2.4%.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 12.5% since the latest earnings results.

Affiliated Managers Group (NYSE: AMG)

Using a partnership approach that preserves entrepreneurial culture at its portfolio companies, Affiliated Managers Group (NYSE: AMG) is an investment firm that acquires stakes in boutique asset management companies while allowing them to maintain operational independence.

Affiliated Managers Group reported revenues of $556.6 million, up 6.2% year on year. This print fell short of analysts’ expectations by 1.7%. Overall, it was a mixed quarter for the company with an impressive beat of analysts’ EBITDA estimates but a miss of analysts’ revenue estimates.

Affiliated Managers Group delivered the weakest performance against analyst estimates of the whole group. Unsurprisingly, the stock is down 11.7% since reporting and currently trades at $271.96.

Is now the time to buy Affiliated Managers Group? Access our full analysis of the earnings results here, it’s free.

Best Q4: WisdomTree (NYSE: WT)

Originally founded as a financial media company before pivoting to ETF management in 2006, WisdomTree (NYSE: WT) is a financial services company that creates and manages exchange-traded funds (ETFs) and other investment products for individual and institutional investors.

WisdomTree reported revenues of $147.4 million, up 33.4% year on year, outperforming analysts’ expectations by 3%. The business had an exceptional quarter with a beat of analysts’ EPS and EBITDA estimates.

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 7.7% since reporting. It currently trades at $15.27.

Is now the time to buy WisdomTree? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Voya Financial (NYSE: VOYA)

Originally spun off from Dutch financial giant ING in 2013 and rebranded with a name suggesting "voyage," Voya Financial (NYSE: VOYA) provides workplace benefits and savings solutions to U.S. employers, helping their employees achieve better financial outcomes through retirement plans and insurance products.

Voya Financial reported revenues of $2.01 billion, up 5.7% year on year, in line with analysts’ expectations. It was a slower quarter as it posted a significant miss of analysts’ EPS estimates and revenue in line with analysts’ estimates.

As expected, the stock is down 12.2% since the results and currently trades at $66.29.

Read our full analysis of Voya Financial’s results here.

Ameriprise Financial (NYSE: AMP)

Founded in 1894 and spun off from American Express in 2005, Ameriprise Financial (NYSE: AMP) provides financial planning, wealth management, asset management, and insurance products to help individuals and institutions achieve their financial goals.

Ameriprise Financial reported revenues of $4.92 billion, up 10.2% year on year. This print beat analysts’ expectations by 3.6%. Overall, it was a strong quarter as it also produced a solid beat of analysts’ revenue and EPS estimates.

The stock is down 11.5% since reporting and currently trades at $442.15.

Read our full, actionable report on Ameriprise Financial here, it’s free.

T. Rowe Price (NASDAQ: TROW)

Founded in 1937 by Thomas Rowe Price Jr., who pioneered the growth stock investing approach, T. Rowe Price (NASDAQ: TROW) is an investment management firm that offers mutual funds, advisory services, and retirement planning solutions to individuals and institutions.

T. Rowe Price reported revenues of $1.94 billion, up 5.4% year on year. This result was in line with analysts’ expectations. More broadly, it was a mixed quarter as it recorded a slight miss of analysts’ AUM estimates.

The stock is down 13.5% since reporting and currently trades at $88.82.

Read our full, actionable report on T. Rowe Price here, it’s free.

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