Franklin Resources (BEN) maintained an active quarter in its earnings and overall performance. Their Q3 2024 earnings exceeded expectations, notwithstanding net outflows that affected revenue. However, an 8% growth was reported for the Q3 2024 revenue. Highlights from the same quarter acknowledged strong AUM growth, but mixed net flows. The company also became a target of unusually high options trading. Several acquisitions of BEN shares were made by entities such as Russell Investments Group Ltd., CreativeOne Wealth LLC, and Toronto Dominion Bank. Furthermore, lucrative entities, like Vanguard Group Inc. and UniSuper Management Pty Ltd also increased their stock position in Franklin Resources. Franklin's Q2 2024 earnings saw a lag in estimates, which was balanced with strategic expansions. As per usual, the company announced its month-end asset management figures regularly. Aladdin by BlackRock was chosen to unify Franklin Templeton's Investment Management Technology. Moreover, Franklin Templeton also showed interest in private investing whilst marking its traditional mutual-fund business strategy. The company launched Franklin Ethereum ETF (EZET) and reported a 0.7% rise in AUM, attributing it to positive markets and flat inflows. The Q3 2024 EPS estimates for Franklin however were lowered by an analyst.
Franklin Resources BEN News Analytics from Wed, 15 Nov 2023 08:00:00 GMT to Sun, 28 Jul 2024 20:09:16 GMT -
Rating 1
- Innovation -6
- Information 5
- Rumor 1
