Welcome to our dedicated page for ENVESTNET news (Ticker: $ENV), a resource for investors and traders seeking the latest updates and insights on ENVESTNET stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ENVESTNET's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ENVESTNET's position in the market.
Envestnet, a leading provider of intelligent systems for wealth management, reported strong financial results for the first quarter of 2024. Total revenue increased by 9% to $325.0 million, with significant growth in asset-based recurring revenue. Adjusted EBITDA rose by 30% to $70.4 million, and adjusted net income increased by 31% to $39.4 million. The company also saw improvements in free cash flow, income from operations, and net income.
Envestnet has announced the finalists for the 2024 Asset Manager of the Year Awards, recognizing top portfolio managers for their outstanding performance in investment management. The finalists were selected based on various criteria, and the winners will be announced at the Envestnet Elevate 2024 conference.
