Franklin Resources, Inc.’s Stock Price Soars to $20.06, Marking a Stellar 7.04% Increase

Franklin Resources, Inc. (BEN)

20.06 USD +1.32 (+7.04%) Volume: 8.99M

Franklin Resources, Inc.’s stock price has seen a significant rise in the trading session with a 7.04% increase to reach $20.06 with a high trading volume of 8.99M, despite a slight year-to-date decrease of -1.13%.

Latest developments on Franklin Resources, Inc.

Franklin Resources, Inc. recently announced its second-quarter results, with profit increasing but missing estimates. The company’s Q2 earnings fell short as net outflows persisted, causing AUM to decline to $1.54 trillion. Despite this, Franklin Resources stock outperformed competitors on a strong trading day, with shares rising after reporting fiscal Q2 financial results. The Q2 earnings met estimates, but costs and revenues fell, leading to a stock price increase. Overall, Franklin Resources remains a key player in the financial market, with potential growth opportunities on the horizon.

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, has received high scores in both the Value and Dividend categories, indicating a positive long-term outlook for the company. The Value score suggests that the company is seen as undervalued by the market, while the Dividend score indicates a strong track record of paying out dividends to shareholders. This bodes well for investors looking for stable and potentially lucrative returns.

However, the company has scored lower in the Growth, Resilience, and Momentum categories. This suggests that while Franklin Resources may not be experiencing rapid growth or strong momentum in the short term, its solid foundation and consistent dividend payments make it a reliable choice for investors seeking stability and income over the long term.

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