Workflow
Franklin Resources(BEN)
icon
Search documents
Franklin (BEN) Stock Plunges 12.6% Amid SEC Probe Disclosure
ZACKS· 2024-08-22 16:50
Franklin Resources, Inc. (BEN) shares plunged 12.6% and hit a 52-week low of $19.78 in the last trading session. The decline came as Western Asset Management, a unit of Franklin Resources, announced the replacement of its top investment executive amid federal investigations into his conduct.The company replaced Ken Leech, who was serving as the co-chief investment officer (CIO) of its Western Asset Management unit. The move came as the CIO had taken a leave of absence after getting a Wells Notice from the S ...
Franklin Resources (BEN) Stumbles Again After Shuttering $2 Billion Fund, Placing Co-CIO On Leave - Hagens Berman
GlobeNewswire News Room· 2024-08-21 23:01
SAN FRANCISCO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Franklin Resources, Inc. (NYSE: BEN) investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may assist the investigation to contact its attorneys. Visit: www.hbsslaw.com/investor-fraud/ben Contact the Firm Now: BEN@hbsslaw.com 844-916-0895 Investigation Into Franklin Resources, Inc. (BEN): The investigation focuses on Franklin’s controls over trading-related matters, inclu ...
BEN Reports Second Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-08-14 20:15
JACKSON, Wyo., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Brand Engagement Network Inc. (“BEN”) (Nasdaq: BNAI), an emerging provider of safe and secure customer engagement AI, today announced its financial results and key business highlights for the second quarter ended June 30, 2024. “In the second quarter, we made continued progress on market validation initiatives, with meaningful acceleration in new proof of concepts” said Paul Chang, Co-CEO of BEN. “Looking to the second half of 2024, we expect the maturation o ...
Franklin's (BEN) July AUM Benefits From Favorable Markets
ZACKS· 2024-08-13 15:21
Franklin Resources, Inc. (BEN) reported its preliminary assets under management (AUM) of $1.66 trillion as of Jul 31, 2024. This reflected an increase of 1% 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 $603.7 billion, which increased 1.5% from the previous month. Further, fixed income AUM of $571.3 billion at the end of July 2024 increased 1.2% from the previous month ...
Franklin Templeton Money Market Fund Launches on Arbitrum Blockchain
Prnewswire· 2024-08-08 13:00
The collaboration marks an ongoing effort to bridge the gap between traditional and decentralized financeNEW YORK, Aug. 8, 2024 /PRNewswire/ -- The Arbitrum Foundation and global asset manager Franklin Templeton today announced the Franklin OnChain U.S. Government Money Fund (FOBXX) is available on Arbitrum, the leading Ethereum Layer 2 blockchain. Investors can gain exposure to FOBXX in digital wallets through the Benji Investments platform, Franklin Templeton's proprietary blockchain-integrated recordkeep ...
Franklin Resources(BEN) - 2024 Q3 - Earnings Call Transcript
2024-07-26 18:54
Franklin Resources, Inc. (NYSE:BEN) Q3 2024 Earnings Conference Call July 26, 2024 11:00 AM ET Company Participants Selene Oh - Chief Communications Officer and Head of Investor Relations Jennifer M. Johnson - President and Chief Executive Officer Matthew Nicholls - Executive Vice President, Chief Financial Officer and Chief Operating Officer Adam B. Spector - Executive Vice President, Head of Global Distribution Conference Call Participants Alex Blostein - Goldman Sachs Brennan Hawken - UBS Craig Siegentha ...
Franklin Resources(BEN) - 2024 Q3 - Quarterly Report
2024-07-26 18:13
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-09318 FRANKLIN RESOURCES, INC. (Exact name of registrant as specified in its charter) Delaware 13-2670991 (Sta ...
Franklin Resources(BEN) - 2024 Q3 - Earnings Call Presentation
2024-07-26 15:52
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 (BEN) Q3 Earnings Surpass Estimates, AUM Increases
ZACKS· 2024-07-26 15:25
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) Beats Q3 Earnings and Revenue Estimates
ZACKS· 2024-07-26 14:41
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, ...