We are in the initial stage of the fourth-quarter 2023 earnings season. The results so far have shown stability, mostly in line with expectations. The earnings results and management guidance will be crucial for market participants to gauge the health of the U.S. economy.Q4 Earnings So FarAs of Jan 19, 52 companies on the S&P 500 Index have reported their financial numbers. Total earnings for these 52 index members are up 1.4% from the same period last year on 4.8% higher revenues, with 80.8% beating EPS es ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Franklin Resources (BEN) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Janua ...

A downtrend has been apparent in Franklin Resources (BEN) lately. While the stock has lost 7.1% over the past four weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the fut ...

NEW YORK--(BUSINESS WIRE)--AdvisorEngine®, the financial experience company, continues to strengthen its wealth management platform to provide investment advisors control over their client experience and achieve greater operational efficiency. AdvisorEngine announced a new integration with Charles Schwab's iRebal® platform, one of the most adopted trading and rebalancing tools among registered investment advisors, according to the 2023 T3/Inside Information Software Survey. The company also rolled out ne ...

Investors interested in Financial - Investment Management stocks are likely familiar with Franklin Resources (BEN) and BlackRock (BLK) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, w ...

Franklin Resources, Inc. (BEN) reported a preliminary asset under management (AUM) balance of $1.46 trillion for December 2023. This reflected a 3.1% increase from $1.41 trillion as of Nov 30. The rise in the AUM balance was primarily due to the impacts of positive markets and long-term net inflows.Total month-end fixed-income assets were $511.7 billion, up 3.4% from the prior month’s level. Equity assets of $467.5 billion increased 4.4% from November 2023. BEN recorded $154.6 billion in multi-asset class, ...

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton today launched its first digital assets-backed exchange-traded fund (ETF), the Franklin Bitcoin ETF, under the ticker EZBC. The fund is a spot bitcoin ETF available for U.S. investors and seeks to reflect the performance of the price of bitcoin, less the expense of fund operations. It is offered on the Cboe BZX Exchange, Inc. and priced at 29 basis points. EZBC is the latest expansion of the growing Franklin Templeton Digital Assets and ETF platforms. " ...

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.46 trillion at December 31, 2023, compared to $1.41 trillion at November 30, 2023. This month’s increase in AUM reflected the impact of positive markets and long-term net inflows. For the quarter ended December 31, 2023, AUM reflected the positive impact of markets, partially offset by long-term net outflows of $5.0 billion, which include $10 ...

Lexington Partners, a unit of Franklin Resources Inc.’s BEN, +1.56% Franklin Templeton arm, on Tuesday said it raised $22.7 billion in capital commitments for Lexington Capital Partners X LP, for investments in private-equity fund stakes. The fund’s original target was $15 billion. Fund X surpassed its predecessor Fund IX, which closed on $14 billion in 2020. Fund X will acquire private-equity and alternative asset partnership portfolios from large-scale investors as they rebalance their allocations or see ...

– Lexington Capital Partners X Significantly Surpasses Target – NEW YORK, Jan. 9, 2024 /PRNewswire/ -- Lexington Partners ("Lexington"), a leading manager of secondary acquisition funds, today announced the completion of fundraising for Lexington Capital Partners X, L.P. ("LCP X") with $22.7 billion of total capital commitments.  The fund surpassed its $15 billion fundraising target and significantly exceeded Lexington's prior secondary fund, LCP IX, which closed on $14 billion in 2020.  LCP X's strategy is ...