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T. Rowe Price Equity Income Fd

PRFDX · NASDAQ

Market closed$44.58$-0.220000 (-0.49%)

Key statistics

Previous close$44.80
Open$44.58
Day high$44.58
Day low$44.58
52-week high$44.80
52-week low$35.79
Market cap28.78B
Volume—
Average volume—
P/E ratio22.81
Forward P/E—
EPS1.95
Dividend yield0.00%

Market context

Why it moved

PRFDX edged lower likely due to routine post-dividend pressure following its recent ex-dividend date, as the fund's share price adjusted to reflect the distribution paid out to shareholders.

Stockanalysis

What is happening

Recent company-specific developments and publisher coverage.

July 15, 2026T. Rowe Price Equity Income Fund closed essentially unchanged, holding near its 52-week high, as its financial sector holdings benefited from a blowout Q2 earnings season on Wall Street. JPMorgan, Goldman Sachs, Morgan Stanley, BofA, and BNY all topped estimates, driven by record trading volumes, surging investment banking fees, and a boom in mega-deals — a tailwind for the fund's value-oriented financial holdings. The broader S&P 500 also rallied after cooler-than-expected June CPI data eased rate-hike concerns, though geopolitical risks from renewed U.S.-Iran tensions and persistent inflation remain key macro headwinds investors are watching heading into H2 2026.

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July 14, 2026T. Rowe Price Equity Income Fund closed modestly lower, edging down near its 52-week high as the broader financial services sector navigated a mixed session. A wave of blowout Q2 bank earnings — JPMorgan posting record profits, Goldman Sachs revenues surging 39.5% YoY, and Bank of America beating expectations — provided a constructive backdrop for the fund's large financial holdings. However, Morningstar flagged financials as the second-worst-performing sector over the past year, citing AI disruption concerns and cracks in private credit, while a softer-than-expected June CPI print offered some macro relief even as Iran tensions and potential Fed rate hikes kept investors cautious.

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July 13, 2026T. Rowe Price Equity Income Fund edged higher, closing near its 52-week high as the broader financial services sector benefited from anticipation surrounding the start of Q2 earnings season — with JPMorgan, Goldman Sachs, Citigroup, Bank of America, and Wells Fargo all set to report on July 14. Morningstar noted financial stocks have been the second-worst-performing sector over the past year amid AI disruption concerns and private credit worries, but the upcoming bank earnings — expected to highlight strong investment banking and trading revenues — could shift sentiment. The XLF sector ETF finished the day modestly higher, while geopolitical tensions from renewed U.S.-Iran hostilities and rising oil prices added complexity to the macro backdrop.

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July 10, 2026T. Rowe Price Equity Income Fund closed modestly higher, trading near its 52-week high, as the broader financial sector found support ahead of a pivotal Q2 bank earnings season beginning July 14. Goldman Sachs surged on a $70 billion pension asset management mandate win from Verizon and Lockheed Martin, lifting sentiment across asset managers, while strong Q1 results from major banks like Citigroup and Bank of America reinforced confidence in financial sector fundamentals despite lingering US-Iran geopolitical tensions and oil price volatility weighing on broader market sentiment.

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July 8, 2026T. Rowe Price Equity Income Fund (PRFDX) closed down roughly 1%, pressured by a broad risk-off selloff after President Trump declared the U.S.-Iran peace framework 'over,' sending oil prices surging over 5% and dragging financial sector stocks lower alongside the broader market. The Financial Select Sector SPDR (XLF) also retreated, as rising crude prices stoked inflation fears and lifted Treasury yields — a headwind for income-oriented equity funds with large-cap value and dividend-focused holdings. The backdrop was further complicated by escalating Middle East tensions and anticipation of Fed minutes, with UBS noting 'peak banking sector optimism' even as Q2 earnings season for major financials approaches.

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July 2, 2026T. Rowe Price Equity Income Fund (PRFDX) is edging modestly higher, trading near its 52-week high, as the broader financial sector navigates a mixed macro environment ahead of the June U.S. jobs report. The finance sector posted a strong Q2, gaining 10.9%, buoyed by rising equity markets, surging retail trading activity, and improved capital market volumes — a tailwind for asset managers like T. Rowe Price. However, the asset management industry broadly faces headwinds, with several peers reporting mixed Q1 results and average share price declines of 8.9% post-earnings, reflecting ongoing pressure from passive investment competition and fee transparency demands.

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June 29, 2026T. Rowe Price Equity Income Fund closed modestly lower, edging down alongside the broader financial sector as investors navigated a volatile macro backdrop. The US-Iran ceasefire announcement helped lift equity futures and ease geopolitical risk premiums, but a recent tech-driven rotation — with the Nasdaq shedding over 4.5% last week — has shifted market leadership toward value and income-oriented strategies that the fund favors. Strong Q1 corporate profit data, showing after-tax earnings at 12.4% of GDP (near historic highs), supports the fundamental case for the fund's equity income approach, even as the broader financial sector (XLF) held relatively steady in after-hours trade.

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June 25, 2026T. Rowe Price Equity Income Fund (PRFDX) is trading modestly higher, approaching its 52-week high, as financial sector sentiment stabilizes following the Federal Reserve's annual stress test results released June 24, which confirmed resilience across major banks. The fund's value-oriented, income-focused strategy is benefiting from a broader rotation back into financials after Tuesday's tech-led selloff, with Micron and Qualcomm earnings driving a rebound in risk appetite and lifting the broader market, while the XLF financial sector ETF also edged higher on the session.

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Pluang · April 20, 2026T. Rowe Price Equity Income ETF named top active value stock ETF by Morningstar for 2026PR Newswire · March 19, 2026T. ROWE PRICE AND OAK HILL ADVISORS LAUNCH MULTI-STRATEGY CREDIT INTERVAL FUND "OFLEX" FOR U.S. WEALTH CLIENTSPR Newswire · March 12, 2026T. ROWE PRICE OHA SELECT PRIVATE CREDIT FUND ANNOUNCES DECEMBER 31, 2025 FINANCIAL RESULTS AND DECLARED TOTAL DISTRIBUTIONS OF $0.69 PER SHARE IN Q4 2025

Peers

S&P 500SPX · $7,457.69-1.01%American Funds Growth Portfolio Class F-1GWPFX · $31.19-1.27%MFS International Intrinsic Value IMINIX · $50.17-0.59%MFS International Intrinsic Value R6MINJX · $46.11-0.58%Oakmark Fund Investor ClassOAKMX · $177.90-1.00%T. Rowe Price Retirement 2035 Fund Advisor ClassPARKX · $25.00-0.64%Thornburg Investment Income Builder Fund Class ITIBIX · $37.94-0.37%T. Rowe Price Overseas Stock ITROIX · $17.68-0.67%T. Rowe Price Overseas StockTROSX · $17.68-0.67%Vanguard LifeStrategy Growth FundVASGX · $54.68-0.73%Vanguard Windsor AdmiralVWNEX · $81.08-0.73%