Franklin Resources (BEN) finds itself amid turmoil following the closure of a
$2 billion fund and the suspension of its Co-CIO. Despite the challenges, the conglomerate hasn't swerved from its growth strategy, appointing a
Global COO to expand its wealth management alternatives. This event is coupled with ongoing investigations from
Pomerantz and
Rosen law firms on behalf of investors for potential securities infractions.
Simultaneously, the company's position has been bolstered by
Forsta AP Fonden, indicating investor confidence. Franklin's stock took a
13% hit in a single day, but market analysis has labeled it as
oversold, suggesting a buying opportunity for investors. The company, however, still faces its Q4 earnings amidst speculated declines.
Despite its fiscal Q3 revenue being negatively impacted, Franklin reported otherwise healthy financial performance. These developments have led to varying opinions among analysts on BEN's potential future performance. Additionally, the firm's future investment plans geared to its wealth management division, as well as its interest in blockchain technology, may offer new avenues for growth and stability.
Franklin Resources BEN News Analytics from Thu, 28 Jun 2018 19:19:25 GMT to Sat, 02 Nov 2024 15:00:00 GMT -
Rating 2
- Innovation 6
- Information 7
- Rumor 2
