T. Rowe Price is trading 5.5% down at $112.78 after reporting Q2 2026 results that beat earnings expectations but highlighted persistent net client outflows.
- The firm reported $6.5 billion in quarterly net outflows and a shift toward lower-fee products, overshadowing record assets under management.
- Investors appear focused on the mix shift and flow pressures, driving profit-taking following a strong multi-month run for the shares.