In collaboration with Franklin Templeton, the programme will enable crypto and tokenised money market funds as collateral. The programme will see leading institutions, such as Brevan Howard Digital, onboard onto this pioneering programme. DUBAI, UAE, April 10, 2025 /PRNewswire/ -- Standard Chartered and OKX, a leading cryptocurrency exchange and global onchain technology company, today announced the launch of a ground-breaking, world-leading collateral mirroring programme, enabling institutional clients to ...

Franklin Resources, Inc. (BEN) reported its preliminary assets under management (AUM) of $1.53 trillion as of March 31, 2025, a 2.4% decrease from the prior month.The decline in the AUM balance was due to the impacts of negative markets and preliminary long-term net outflows of $4 billion, inclusive of $7 billion of long-term net outflows at Western Asset Management.Breakdown of BEN’s AUM Based on Asset ClassFranklin recorded equity assets of $597.6 billion, which fell 4.4% from the previous month. The fixe ...

WILMINGTON, Del., April 01, 2025 (GLOBE NEWSWIRE) -- Brand Engagement Network Inc. (BEN) (NASDAQ: BNAI), an innovator in AI-driven customer engagement solutions, today announced that CEO Paul Chang, will present live at the AI & Technology Virtual Investor Conference hosted by VirtualInvestorConferences.com, on April 3, 2025 DATE: April 3, 2025 TIME: 1:00 PM LINK: REGISTER HERE Available for 1x1 meetings: April 3rd, 4th, and 7th This will be a live, interactive online event where investors are invited to as ...

Dividend Kings are companies that have not only been around for a long time, but also paid a dividend for a long time, at least 50 years to be exact. Currently, 54I have a masters degree in Analytics from Northwestern University and a bachelors degree in Accounting. I have worked in the investment arena for over 10 years starting as an analyst and working my way up to a management role. Dividend investing is a personal hobby and I look forward to sharing my thoughts with the Seeking Alpha community.Analyst’ ...

WILMINGTON, Del., March 12, 2025 (GLOBE NEWSWIRE) -- Brand Engagement Network Inc. (BEN) (NASDAQ: BNAI), an innovator in AI-driven customer engagement solutions, has announced its support for California Assembly Member Carl DeMaio’s proposed AI data privacy legislation. This bill, which aims to secure the privacy of California residents, would require businesses to obtain explicit consent before sharing or storing user data outside the United States. As AI adoption accelerates across industries, the need fo ...

Core Viewpoint - Franklin Resources, Inc. (BEN) reported preliminary assets under management (AUM) of $1.58 trillion as of February 28, 2025, reflecting a marginal decrease from the prior month due to long-term net outflows of $10 billion, including previously disclosed outflows at Western Asset Management [1] AUM Breakdown by Asset Class - Equity assets amounted to $623.4 billion, down 2% from the previous month [2] - Fixed income AUM was $455.6 billion, showing a marginal decline from the prior month [2] - Alternative AUM decreased marginally to $249.3 billion [2] - Multi-asset AUM rose to $179.9 billion, an increase of 1.8% from January 2025 [2] - Cash management balance increased to $68.8 billion, up 11.1% from the previous month [2] Company Performance and Market Context - February was challenging for Franklin due to fewer days and long-term net outflows; however, increased cash management and multi-asset AUM, along with efforts for inorganic growth, supported its financials [3] - Over the past six months, BEN shares gained 3.1%, compared to the industry's 9% rise [3] Performance of Other Asset Managers - AllianceBernstein Holding L.P. (AB) and Victory Capital Holdings, Inc. (VCTR) are set to release their February AUM results soon, both carrying a Zacks Rank 3 (Hold) [5] - The consensus estimate for VCTR's 2025 earnings has been revised downward by 1.3% over the past week, with shares rising 15.4% in the past six months [5] - The consensus estimate for AB's 2025 earnings has been revised marginally upward, with the stock witnessing a 14.6% rise in the past six months [6]

Franklin Resources, Inc. First Quarter 2025 Results January 31, 2025 | Investor Presentation Jenny Johnson President Chief Executive Officer Matthew Nicholls Executive Vice President Chief Financial Officer Chief Operating Officer Adam Spector Executive Vice President Head of Global Distribution Forward-looking statements and non-GAAP financial information This commentary contains forward-looking statements that involve a number of known and unknown risks, uncertainties and other important factors. This com ...

Core Viewpoint - Franklin Resources Inc. reported first-quarter fiscal 2025 adjusted earnings of 59 cents per share, exceeding the Zacks Consensus Estimate of 53 cents, but down from 65 cents in the prior year [1][2] Financial Performance - Total operating revenues increased by 13% year over year to $2.25 billion, surpassing the Zacks Consensus Estimate of $2.1 billion, driven by higher investment management fees, sales and distribution fees, and shareholder servicing fees [3][4] - Investment management fees rose by 9% year over year to $1.79 billion, while sales and distribution fees increased by 27% to $376 million, and shareholder servicing fees jumped by 95% to $64 million [4] - Total operating expenses rose by 14% year over year to $2.03 billion, exceeding the estimate of $1.96 billion, resulting in an operating margin of 9.7%, down from 10.4% in the previous year [5] Assets Under Management (AUM) - As of December 31, 2024, total AUM was $1.58 trillion, a decline of 6% sequentially, with long-term net outflows of $50 billion during the quarter [6] - The average AUM decreased by 2% sequentially to $1.63 trillion [6] Capital Position and Distribution - As of December 31, 2024, cash and cash equivalents, and investments totaled $5.2 billion, while total stockholders' equity was $13.2 billion [7] - In the reported quarter, the company repurchased 0.3 million shares for $5.8 million [8] Strategic Outlook - The company's efforts to diversify its business through acquisitions and a strong distribution platform are expected to support revenue growth, although rising expenses from technological upgrades may hinder bottom-line growth [9]

Financial Performance - Operating revenues for the three months ended December 31, 2024, were $2,251.6 million, a 13% increase from $1,991.1 million in the same period of 2023[68]. - Net income attributable to Franklin Resources, Inc. for the same period was $163.6 million, a 35% decrease from $251.3 million in 2023[68]. - Adjusted operating income for the three months ended December 31, 2024, was $412.8 million, a slight decrease of 1% from $417.0 million in 2023[68]. - The operating margin for the three months ended December 31, 2024, was 9.7%, down from 10.4% in the same period of 2023[68]. - Adjusted operating margin decreased to 24.5% for the three months ended December 31, 2024, down from 27.3% in the prior year[124]. - Net income attributable to Franklin Resources, Inc. for the three months ended December 31, 2024, was $163.6 million, a decrease of 34.9% from $251.3 million in the same period of 2023[125]. - Adjusted net income for the same period was $320.5 million, slightly down from $328.5 million year-over-year[125]. Assets Under Management (AUM) - Total assets under management (AUM) as of December 31, 2024, were $1,575.7 billion, an 8% increase from $1,455.5 billion on December 31, 2023[64]. - The average AUM for the three months ended December 31, 2024, was $1,634.5 billion, a 17% increase from $1,394.2 billion in 2023[70]. - The equity asset class AUM increased by 33% to $620.0 billion from $467.5 billion in 2023[69]. - Total AUM at December 31, 2023, reached $1,455.5 billion, an 8% increase from $1,374.2 billion at October 1, 2023[75]. Inflows and Outflows - Long-term inflows for the three months ended December 31, 2024, were $97.8 billion, a 42% increase from $68.9 billion in 2023[72]. - Long-term net outflows totaled $50.0 billion, a significant increase of 900% compared to $5.0 billion in the previous year[72]. - Long-term inflows increased 42% to $97.8 billion compared to the prior year, driven by higher inflows in equity and multi-asset open-end funds[74]. - Long-term outflows increased 100% to $147.8 billion, primarily due to higher outflows from fixed income vehicles and equity open-end funds[74]. Revenue and Fees - Investment management fees rose 9% to $1,799.3 million for the three months ended December 31, 2024, due to a 17% increase in average AUM[81][82]. - Sales and distribution fees increased 27% to $375.5 million, driven by revenue from Putnam products post-acquisition[81][86]. - Total operating revenues for the three months ended December 31, 2024, were $2,251.6 million, a 13% increase from $1,991.1 million in the prior year[81]. - Performance fees decreased to $141.6 million for the three months ended December 31, 2024, down from $166.4 million in the prior year[84]. Expenses - Total operating expenses increased 14% to $2,032.6 million, influenced by the integration of the Putnam acquisition[90]. - General, administrative, and other operating expenses increased by $53.2 million, largely due to the acquisition of Putnam and higher legal and professional fees[104]. - Amortization of intangible assets increased by $26.8 million, attributed to a reduction in the remaining useful life of definite-lived intangible assets related to WAM[103]. - Occupancy expenses increased by $8.4 million for the three months ended December 31, 2024, primarily due to expenses incurred by Putnam following the acquisition[101]. Cash Flow and Liquid Assets - Operating cash flows for the three months ended December 31, 2024, were $(145.2) million, an improvement from $(251.9) million in the prior year[126]. - Total liquid assets decreased to $5,151.5 million as of December 31, 2024, from $5,664.4 million at September 30, 2024[128]. - Cash and cash equivalents at December 31, 2024, were $2,765.4 million, down from $3,261.1 million[128]. Shareholder Actions - The company declared regular dividends of $0.32 per share during the three months ended December 31, 2024, compared to $0.31 per share in the same period of 2023[138]. - During the three months ended December 31, 2024, the company repurchased 0.3 million shares at a cost of $5.8 million, compared to 2.4 million shares at a cost of $58.8 million in the prior year[139]. Workforce and Acquisitions - The global workforce increased to approximately 10,100 employees from 9,100 at December 31, 2023, mainly due to the acquisition of Putnam[97]. - The company expects to make a deferred cash payment of $100.0 million related to the acquisition of Lexington during the third quarter of fiscal year 2025[140]. - The company maintains an $800.0 million 5-year revolving credit facility, which remains undrawn as of the filing date[134]. - As of December 31, 2024, the company had $500.0 million of short-term commercial paper available for issuance under an uncommitted private placement program[135].

EXHIBIT 99.1 Contact: Franklin Resources, Inc. Investor Relations: Selene Oh (650) 312-4091, selene.oh@franklintempleton.com Media Relations: Jeaneen Terrio (212) 632-4005, jeaneen.terrio@franklintempleton.com investors.franklinresources.com FOR IMMEDIATE RELEASE Franklin Resources, Inc. Announces First Quarter Results San Mateo, CA, January 31, 2025 – Franklin Resources, Inc. (the "Company") [NYSE: BEN] today announced net income of $163.6 million or $0.29 per diluted share for the quarter ended December 3 ...