Core Insights - Franklin Resources, Inc. (BEN) reported preliminary assets under management (AUM) of $1.61 trillion as of June 30, 2025, reflecting a 2.1% increase from the previous month driven by favorable market conditions despite long-term net outflows of $1 billion [1][8] AUM Breakdown - Equity assets reached $656.1 billion, marking a 4% increase from the prior month [2] - Fixed income AUM stood at $441.3 billion, showing a marginal increase from the previous month [2] - Alternative AUM slightly decreased to $254 billion [2] - Multi-asset AUM was reported at $183 billion, up 2.6% from May 2025 [2] - Cash management balance increased to $71.9 billion, reflecting a 1.3% rise from the previous month [2] Market Performance and Outlook - The overall AUM growth in June was attributed to positive market performance, although the decline in alternative AUM raises concerns [3] - Franklin's inorganic expansion efforts are noted to continue supporting its financials [3] - Over the past six months, BEN shares have appreciated by 24.4%, contrasting with a 3.3% decline in the industry [4]

Core Insights - Franklin Resources, Inc. (BEN) reported preliminary assets under management (AUM) of $1.57 trillion as of May 31, 2025, reflecting a 2.6% increase from the previous month driven by positive market conditions and net inflows of $1 billion, despite $3 billion in long-term outflows at Western Asset Management [1][7]. AUM Breakdown by Asset Class - Equity assets reached $630.7 billion, marking a 5.7% increase from the prior month [2]. - Fixed income AUM slightly declined to $438.7 billion [2]. - Alternative AUM decreased to $253.5 billion [2]. - Multi-asset AUM grew to $178.5 billion, up 2.8% from April 2025 [2]. - Cash management balance increased to $71.5 billion, nearly 1% higher than the previous month [2]. Market Performance and Outlook - The overall AUM growth in May was attributed to favorable market conditions and net inflows, although the decline in fixed income and alternative AUM raised concerns [3]. - Franklin's inorganic expansion efforts are expected to continue supporting its financial performance [3]. - Over the past six months, BEN shares have gained 1%, contrasting with a 14.7% decline in the industry [4].

Core Insights - KKR & Co. Inc. reported an adjusted net income per share of $1.15 for Q1 2025, exceeding the Zacks Consensus Estimate of $1.13 and up from $0.97 in the prior-year quarter [1] - The company's total revenues reached $1.2 billion, a 21.6% increase year-over-year, driven by higher management fees and transaction fees, surpassing the Zacks Consensus Estimate of $1.19 billion [3] - Total assets under management (AUM) grew 14.8% year-over-year to $664.3 billion, with fee-paying AUM increasing 11.7% to $526 billion [4] Financial Performance - KKR's total operating earnings rose 15.6% year-over-year to $1.11 billion, supported by a 23% increase in fee-related earnings to $822.6 million [5] - The net loss attributable to the company on a GAAP basis was $185.9 million, contrasting with a net income of $682.2 million in the same quarter last year [2] - Total segment expenses increased by 18.8% to $377.5 million, reflecting the company's ongoing expansion and operational costs [3] Market Position and Outlook - KKR is expected to leverage its strong fundraising capabilities to capitalize on lucrative investment opportunities in the future [6] - The company is experiencing significant growth in fee-related and total operating earnings, although elevated expenses due to global expansion and a challenging operating environment are concerns [6] - KKR currently holds a Zacks Rank of 5 (Strong Sell), indicating market sentiment towards the stock [7]