Franklin Resources (BEN) continues to face obstacles-as more probes by the regulatory authorities are announced. Additionally, the company misses its Q4 earnings estimates and deals with losses from its $2 billion fund. Reports have also highlighted a possible incident of fraud, encouraging investors who suffered losses to contact BFA Law for its ongoing investigation. Amidst these issues,
BEN's assets under management (AUM) declined to $1.63T as they experienced $18.5B October outflows. Despite these problems,
BEN managed to perform better than competitors on certain trading days. Recommendations for
BEN stock fluctuate, with StockNews.com upgrading the company and Franklin Resources being reiterated at Underperform by BofA. Recently, the company has appointed a Global COO to help expand its Wealth Management Alternatives Business, indicating that Franklin is not backing down in front of adversity. Investigations by the DJS Law Group and Portnoy Law Firm are underway. A report also suggests that
Franklin Resources could be positioning itself for growth and stability through strategic acquisitions. Yet, caution prevails among many investors who suffered losses, and inquiries for the Securities Class Action investigation are multiplied.
Franklin Resources BEN News Analytics from Thu, 21 Mar 2024 07:00:00 GMT to Sat, 16 Nov 2024 04:04:14 GMT -
Rating -5
- Innovation -2
- Information 6
- Rumor -4
