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Rating:Fido Gives Shareholders Good News Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, February 29, 2008

Fido Gives Shareholders Good News

by: Erin Kello

All the reorganizations that took place at Fidelity in 2007 look to have made a difference to the company's bottom line. The Boston Globe's Ross Kerber reports that in a letter to shareholders of Fidelity's parent company FMR, Ned Johnson attributed a 22 percent rise in pre-tax income for 2007 to improved mutual fund performance and the aforementioned reorg. The company made $2.2 billion in 2007, compared with $1.8 billion in 2006.  

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