Fidelity Investments posted record revenue and operating profit last year as assets hit highs and investment performance improved. In 2017, Boston-based Fidelity reported $18.2 billion in revenue, up 14% from the prior year, and $5.3 billion in operating income, a 54% year-over-year increase, it said in its annual report to shareholders Tuesday. Assets under administration rose 19%, to $6.8 trillion, while assets under management—money in the firm’s own investment products—rose to $2.45 trillion at the end of 2017. That was...

Source: Wall Street Journal February 27, 2018 16:41 UTC