Franklin Resources, Inc.’s Stock Price Dips to $23.38, Marking a Sharp 6.44% Decline

Franklin Resources, Inc. (BEN)

23.38 USD -1.61 (-6.44%) Volume: 10.16M

Franklin Resources, Inc.’s stock price is currently at 23.38 USD, experiencing a decrease of -6.44% this trading session with a trading volume of 10.16M, reflecting a significant year-to-date percentage change of -21.52%, indicating a bearish trend in BEN’s market performance.

Latest developments on Franklin Resources, Inc.

Franklin Resources Inc’s stock price has seen notable movements today, following the release of its Q2 earnings report. Despite reporting a jump in 2Q revenue driven by higher fees, the company’s earnings missed analyst projections amid strategic expansions. The firm’s Q2 earnings also lagged behind estimates, with a slight earnings miss reported. However, revenues beat expectations due to high AUM. The firm’s Q2 profit fell due to higher expenses, contributing to a lower Q2 profit. Furthermore, abrdn plc and Alexander Randolph Advisory Inc. have increased their stock holdings in Franklin Resources, indicating growing investor interest.

A look at Franklin Resources, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Franklin Resources, also known as Franklin Templeton Investments, is a company that provides investment advisory services to a wide range of investors. According to Smartkarma Smart Scores, the company has received a solid overall outlook. With high scores in Value, Dividend, and Growth, Franklin Resources seems to be well-positioned for long-term success. However, its scores in Resilience and Momentum are slightly lower, indicating some potential challenges ahead.

Despite facing some headwinds in terms of Resilience and Momentum, Franklin Resources‘ strong performance in Value, Dividend, and Growth bodes well for its future prospects. As a company that manages various asset classes, including global equity and fixed income, Franklin Resources has a diverse portfolio that could help it weather any potential storms. Investors looking for a stable and potentially profitable investment opportunity may find Franklin Resources to be a promising option based on its Smartkarma Smart Scores.

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