BlackRock, Big Asset Managers Brace For Tough Quarter

The traditional asset managers in Sterne Agee’s coverage will report sequentially lower EPS thanks to seasonally higher expenses, as well as fewer fee days in 1Q14. Jason Weyeneth of Sterne Agee, in a research report dated April 2, 2014 on the subject of the traditional asset manager, notes that given the strength in equity markets for all of 2013, average equity assets are poised to be materially higher in 2014. BlackRock and other asset managers to experience sequential EPS decline The Sterne Agee analyst anticipates every traditional asset manager in his coverage list will show a sequential EPS decline, despite…