Matthew Nicholls Executive Vice President Chief Financial Officer Chief Operating Officer Jenny Johnson President Chief Executive Officer Highlights........................................2 AUM, revenue, and investment performance……………….…….....4 AUM and flows...............................5 Franklin Resources, Inc. Third Quarter Results July 26, 2024| Executive earnings commentary Adam Spector Executive Vice President Head of Global Distribution Contents Conference call details: Access to the teleconference ...

Franklin Resources Inc.’s (BEN) third-quarter fiscal 2024 (ended Jun 30, 2024) adjusted earnings of 60 cents per share beat the Zacks Consensus Estimate of 57 cents. The bottom line declined 5% year over year.BEN’s results have benefited from a rise in revenues and an improvement in the assets under management (AUM) balance. However, higher expenses were headwinds.   Adjusted operating income was $424.9 million compared with the prior-year quarter’s $476.8 million. Net income (GAAP) attributable to Franklin ...

Franklin Resources (BEN) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.26%. A quarter ago, it was expected that this investment manager would post earnings of $0.57 per share when it actually produced earnings of $0.56, delivering a surprise of -1.75%.Over the last four quarters, ...

JACKSON, Wyo., July 26, 2024 (GLOBE NEWSWIRE) -- Brand Engagement Network (BEN), (Nasdaq: BNAI), an emerging provider of safe, personalized customer engagement AI, Vybroo, a company that connects brands with customers through innovative audio messaging strategies, and Farmacia Roma, a pharmacy chain based in Baja California, today announced a commercial agreement that will pair BEN’s and Vybroo’s unique brand-to-customer communication strategies and technologies, including BEN’s cutting-edge human-modeled A ...

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 Third Quarter Results San Mateo, CA, July 26, 2024 – Franklin Resources, Inc. (the "Company") [NYSE: BEN] today announced net income of $174.0 million or $0.32 per diluted share for the quarter ended June 30, 2024 ...

Franklin Resources Inc. (BEN) is scheduled to report third-quarter fiscal 2024 results (ended Jun 30) on Jul 26, before market open. While BEN’s quarterly earnings are anticipated to have declined from the year-ago reported level, revenues are expected to have risen.In the last reported quarter, Franklin’s earnings missed the Zacks Consensus Estimate on higher expenses. However, an increase in assets under management (AUM) was a tailwind. Franklin’s earnings beat the consensus estimate in three of the trail ...

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Franklin Resources (BEN) despite an increase in revenues, with the upcoming earnings report expected to be released on July 26 [1] Group 1: Earnings Expectations - Franklin Resources is expected to report quarterly earnings of $0.58 per share, reflecting a year-over-year decline of 7.9% [2] - Revenues are projected to be $2.15 billion, which is an increase of 9.2% compared to the same quarter last year [2] - The consensus EPS estimate has been revised down by 0.85% over the last 30 days, indicating a reassessment by analysts [2] Group 2: Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Franklin Resources is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -3.13% [5] - The stock currently holds a Zacks Rank of 4, suggesting a bearish outlook [5][6] - A positive Earnings ESP is generally a strong predictor of an earnings beat, especially when combined with a favorable Zacks Rank [4] Group 3: Historical Performance - In the last reported quarter, Franklin Resources was expected to post earnings of $0.57 per share but delivered $0.56, resulting in a surprise of -1.75% [7] - Over the past four quarters, the company has beaten consensus EPS estimates three times [7] Group 4: Market Sentiment - An earnings beat or miss may not solely determine stock price movement, as other factors can influence investor sentiment [8] - Franklin Resources does not appear to be a compelling candidate for an earnings beat, suggesting caution for investors [8]

Despite the overall market rallying in recent months, several dividend stocks have lagged behind, presenting unique opportunities for income-oriented investors. For those seeking value and steady payouts, these undervalued dividend stocks offer a rare chance to capitalize on robust performance.In this article, I will present three dividend payers that Wall Street seems to be ignoring. Despite investors overlooking these stocks, which has led them to trade at below-average valuations, these companies have co ...

Frankling Resources Inc. (BEN) remains well-positioned for growth on the back of opportunistic acquisitions, a solid distribution platform and an organic growth strategy. However, a rising expense base and concentrated revenues from investment management fee are major woes.Franklin has been growing through acquisitions. In January 2024, the company acquired Putnam Investments, a global asset management firm. This deal is expected to boost the company’s presence in the retirement space by enhancing its defin ...

Franklin Resources, Inc. (BEN) reported its preliminary assets under management (AUM) of $1.64 trillion as of May 31, 2024. This reflected an increase of 2% from the prior month’s level.The improvement in AUM balance was primarily due to the impact of positive markets, partially offset by long-term net outflows. BEN recorded equity assets of $583.9 billion, which increased 3.5% from the previous month. Further, fixed income AUM of $563.6 billion at the end of May 2024 increased nearly 1% from the previous m ...