We have reiterated our Neutral recommendation on Waddell & Reed Financial Inc. (NYSE:WDR) after a thorough review of its second-quarter 2011 earnings results and continuous improvement in its assets under management (AUM).
Waddell & Reed’s second-quarter 2011 earnings per share were a penny ahead of the Zacks Consensus Estimate. The results in the quarter were primarily aided by higher gross sales across all the company’s revenue channels, improved revenues, growth in AUM, lower … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards