Fidelity's Results Set A Record Amid Rally

Fidelity Investments said that profits rose to a record after an extended market rally drew billions in new customer money into its investment accounts and funds.

- BY HANNAH ERIN LANG

FMR LLC, Fidelity Investments' parent company, said its annual operating income jumped 24% to $12.7 billion, lifted by rising stock prices and interest rates. Revenue climbed 15% to $37.7 billion, also a record high.