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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“We actually have a large joint venture via Invesco with a state pension fund for a number of our New York City assets.”
AvalonBay describes an existing large joint venture arranged via Invesco with a state pension fund covering several New York City assets, cited as a private-capital tool. Read-through is Invesco acting as a capital partner/manager for institutional real estate.
“Obviously, there's been the issue with Invesco, but beyond that, are you seeing more outflows in the fixed income order management systems?”
An analyst references an Invesco-related issue on State Street's Charles River order management platform, probing whether the OMS client is seeing broader fixed-income outflows.
“I also want to provide a brief comment on the proposed reclassification of the Invesco QQQ Trust. Nasdaq was engaged with Invesco as Invesco explored these proposals. Importantly, the proposed change does not alter the terms of Nasdaq's listing and licensing arrangements with Invesco, nor the administration of the Nasdaq 100 Index. We remain committed to our strategic partnership with Invesco and to delivering the trusted benchmark on which investors rely.”
Invesco explored a proposed reclassification of the QQQ Trust; Nasdaq confirmed the change does not affect its listing and licensing arrangements with Invesco, reaffirming the ongoing strategic partnership around the Nasdaq 100 benchmark.
“we repurchased an additional $500 million of preferred stock held by MassMutual”
MassMutual is Invesco's large preferred-stock holder; Invesco repurchased another $500M of that preferred in Q4, part of $1.5B bought back in 2025 to free up common earnings.
“In December, we also announced our second strategic partnership with LGT Capital Partners, who is a leading private market specialist.”
Invesco partnered with LGT Capital Partners to co-manage total-return, growth-oriented multi-asset private markets products for U.S. wealth and DC investors, with LGT committing seed capital.
“we announced our partnership with Barings to launch 2 jointly managed credit strategies with $650 million in capital committed by MassMutual”
Invesco and Barings are co-managing two private credit strategies for the U.S. wealth channel, seeded with $650M of MassMutual capital.
“we also announced the decision to transform our Canadian business through a strategic partnership with CI Global Asset Management. Through this transaction, CI GAM will acquire our entire Canadian mutual fund and ETF complex, which is comprised of 100 funds, totaling approximately $19 billion in AUM.”
CI Global Asset Management is acquiring Invesco's entire Canadian mutual fund and ETF complex (~$19B AUM); Invesco stays on as sub-adviser for 63 of the funds.
“the sale of a majority interest in our Indian asset management business to the Hinduja Group, establishing a local venture -- joint venture in India”
Invesco sold a majority stake in its Indian asset-management arm to the Hinduja Group, forming a JV in which Invesco retains a 40% minority interest.
“we completed the sale of Intelliflo to Carlyle”
Invesco divested its Intelliflo advisory-technology business to Carlyle, a read-through for Carlyle adding a fintech/wealthtech asset.
“would be shifting to a combined Alpha and Aladdin program”
Invesco is migrating its hybrid investment platform onto BlackRock's Aladdin/Alpha technology, a multi-year platform win for BlackRock's technology-services business.
“we are in the final stages of selling a majority interest in our Indian business to the Hinduja Group and jointly establishing a local joint venture”
The Hinduja Group is buying a majority stake in Invesco's Indian asset-management business and forming a local JV, expanding Hinduja's financial-services footprint.
“As disclosed in August, we reached an agreement with Carlyle to sell Intelliflo, our cloud-based practice management software subsidiary”
Carlyle is acquiring Invesco's Intelliflo subsidiary, adding a cloud-based advisor practice-management software business to Carlyle's portfolio.
“This represents the first milestone of the broader private market strategic product and distribution partnership with Barings, which MassMutual intends to support with a total of $650 million of capital”
MassMutual (Barings' parent and an Invesco preferred shareholder) is committing $650 million of capital to support the Invesco-Barings private-markets partnership.
“I'm pleased to report that we have made significant progress with our Barings private markets partnership, launching our first joint product together earlier this month”
Invesco and Barings launched their first jointly managed private-credit fund, marking early execution on their private-markets product and distribution partnership.
“We also saw the remaining $4 billion of the Peoples pension fixed income mandate in the United Kingdom Fund during the quarter.”
The People's Pension, a large UK workplace pension scheme, awarded Invesco the remainder of a $4 billion fixed income mandate.
Invesco closed a transformative 2025 with record AUM of $2.2 trillion, Q4 net revenue of $1.3 billion up 6% year-over-year, and adjusted EPS of $0.62 as operating margin reached 36.4% with 440 basis points of year-over-year leverage. The QQQ conversion was completed on December 20, and $1.5 billion in preferred stock was repurchased during 2025. The China JV reached record $132 billion AUM with 36% organic growth, while the Canadian business was transformed via the CI partnership. Fundamental equity outflows persisted at $5.5 billion despite improving gross sales.
Demand | Cost Pressure | Margin | Product Launch | M&A | Innovation & R&D | Competitive Dynamics | Geographic Expansion | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 6 | 5 | 2 | 4 | 1 | 2 | 4 | 2 |
| 2025Q1 | 4 | 4 | 2 | 6 | 6 | 1 | 2 | |
| 2025Q2 | 4 | 1 | 4 | 1 | 3 | 1 | 1 | |
| 2025Q3 | 4 | 5 | 3 | 3 | 2 | 5 | 2 | 3 |
| 2025Q4 | 3 | 6 | 4 | 1 | 3 | 1 | 1 | |
| 2026Q1 | 4 | 1 | 4 | 1 | 1 | 3 | 3 | 3 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 6 | 4 | 4 | 4 | 3 | 4 |
| Cost Pressure | 5 | 4 | 1 | 5 | 6 | 1 |
| Margin | 2 | 2 | 4 | 3 | 4 | 4 |
| Product Launch | 4 | 6 | 3 | 1 | 1 | |
| M&A | 1 | 6 | 1 | 2 | 3 | 1 |
| Innovation & R&D | 2 | 3 | 5 | 3 | ||
| Competitive Dynamics | 4 | 1 | 1 | 2 | 1 | 3 |
| Geographic Expansion | 2 | 2 | 1 | 3 | 1 | 3 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Brian Bedell | Deutsche Bank | 12 (0%) |
| Will Katz | TD Cowen | 10 (0%) |
| Alex Blostein | Goldman Sachs |
| Dan Fannon | Jefferies | 9 (0%) |
| Patrick Davitt | Autonomous Research | 8 (0%) |
| Brennan Hawken | BMO Capital Markets | 8 (0%) |
| Ben Budish | Barclays | 8 (0%) |
| Ken Worthington | JPMorgan | 7 (0%) |
| Glenn Schorr | Evercore ISI | 7 (0%) |
| Mike Cyprys | Morgan Stanley | 6 (17%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Deutsche Bank | 1 | 12 (0%) |
| Goldman Sachs | 1 | 10 (0%) |
| TD Cowen | 1 | 10 (0%) |
| Jefferies | 1 | 9 (0%) |
| Autonomous Research | 1 | 8 (0%) |
| Barclays | 1 | 8 (0%) |
| BMO Capital Markets | 1 | 8 (0%) |
| Evercore ISI | 1 | 7 (0%) |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
IVZ Invesco | 8 | +14.1% | |
| AMP Ameriprise Financial | 8 | +9.0% | |
| ARES Ares Management Corporation | 9 | +40.8% | |
| BEN Franklin Resources | 8 | +8.7% | |
| BLK BlackRock | 9 | +26.9% | |
| BNY BNY Mellon | 9 | +2.2% | |
| BX Blackstone Inc. | 8 | +39.3% | |
| KKR KKR | 7 | +31.0% | |
| NTRS Northern Trust | 9 | +7.8% | |
| STT State Street Corporation | 9 | +2.2% | |
| TROW T. Rowe Price | 6 | +5.3% |