Despite facing recent challenges including alleged securities law violations, Franklin Resources persists as a strong choice among investors. It continues to invest in its assets under management, while equally focusing on dividends, reporting $0.31 per share. Several firms are currently investigating Franklin Resources for potential violations, however, it still delivers substantial benefits to investors seeking the opportunity to buy low. Recent financial developments were underwhelming, with stock falling 13% in one day, yet, it is reported as a potentially good buy. Despite investigations and decreased market shifts, Franklin Resources maintains a somewhat bullish stance among Wall Street analysts. Conversely, evidence of recent failures including the closure of a $2B fund, withdrawal of co-CIO, a less than favorable Q2 earnings report, and allegations of securities fraud dampen positive outlooks. Amidst the current challenges plaguing Franklin Resources, they still offer a decent dividend yield and maintained growth in Q3 quarterly revenue. However, disappointments can't be overlooked like recent misses on analyst EPS projections, Q3 revenue falling short of expectations and security fraud investigations.
Franklin Resources BEN News Analytics from Tue, 12 Dec 2023 08:00:00 GMT to Sun, 22 Sep 2024 18:25:57 GMT -
Rating -1
- Innovation 0
- Information 8
- Rumor -6
