Custody banks delivered strong Q2 earnings, with the sector beating revenue expectations by over 3% and stocks rising an average of 4%. Hamilton Lane dominated with a 56% revenue surge to $275M—surpassing forecasts by 21% and hitting all key targets. Meanwhile, StepStone Group saw 26% revenue growth but missed earnings and AUM targets, falling short by nearly 4%. WisdomTree led in growth with a 57% jump to $177M, driving its stock up 23%. While the sector shines overall, performance varies—watch these reports for real market pulse points.
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