Even after working through the impact of impending regulations, valuations for the for-profit educators are far higher than where they are trading today, says RS Investments manager Joe Wolf.
Good afternoon, ladies and gentlemen and welcome to the Murphy Oil Corporation Fourth Quarter 2012 Earnings Conference Call. Today's conference is being recorded.
T. Rowe Price Group Inc., the asset manager that has posted a profit every quarter since going public in 1986, said fourth-quarter earnings rose 23 percent as stock markets gained boosted assets and the fees they generate.
Goldman Sachs Group Inc., the fifth- biggest U.S. bank by assets, said quarterly profit almost tripled as gains in the value of the firm's own investments contributed to the first year of revenue growth since 2009.