Investors looking for stocks in the Financial - Investment Management sector might want to consider either Franklin Resources (BEN) or BlackRock (BLK) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stock ...

SAN MATEO, Calif.--(BUSINESS WIRE)--According to the inaugural Franklin Templeton Institute Global Investment Management Survey, the U.S. Federal Reserve will deliver four interest rate cuts this year, in line with the four cuts predicted by the futures market and one more than the three cuts projected by the Fed’s own “dot plot.” As a result, the 30-year mortgage rate is projected to fall from nearly 6.7% to roughly 5.6% by the end of 2024. The survey results, revealed today by Franklin Templeton, encom ...

The news of the availability of spot BTC ETFs has shaken the digital asset world, pushing Bitcoin (BTC-USD) to the $50,000 mark. Ethereum ETFs advocates are expecting a similar effect, while well-known fund managers are preparing for the challenge and filling out the appropriate forms. If the SEC makes a positive decision soon, Ethereum (ETH-USD) holders could see a return to 2022 highs. Franklin Templeton (BEN)Source: Pavel Kapysh / Shutterstock.comSince its founding in August 1947, this international asse ...

Franklin Resources, Inc. (BEN) reported its preliminary month-end assets under management (AUM) of $1.60 trillion as of Jan 31, 2024. This reflected an increase of 9.6% from the prior month’s level.The increase was driven by the acquisition of Putnam Investments (closed on Jan 1). This was partly offset by modest long-term net outflows.BEN recorded a fixed income AUM of $565.9 billion at the end of January 2024, increasing 10.6% from the December-end level. Further, Equity Income assets were $550.9 billion, ...

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.31 per share payable on April 12, 2024 to stockholders of record holding shares of common stock at the close of business on March 28, 2024. The quarterly dividend of $0.31 per share is equivalent to the dividend paid for the prior quarter and represents a 3.3% increase over the quarterly dividend paid for the same quarter last year. About Franklin Templeton Frankl ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation m ...

Franklin Resources Inc.’s (BEN) first-quarter fiscal 2024 (ended Dec 31, 2023) adjusted earnings of 65 cents per share surpassed the Zacks Consensus Estimate of 57 cents. The bottom line jumped 28% year over year.BEN’s results benefited from a rise in revenues and an improvement in assets under management (AUM) balance. Also, the company’s balance sheet position remained robust in the quarter. However, higher expenses were headwinds.   Adjusted operating income was $417 million compared with the prior-year ...

Franklin Resources, Inc. (NYSE:BEN) Q1 2024 Earnings Conference Call January 29, 2024 11:00 AM ET Company Participants Selene Oh - Chief Communications Officer and Head of Investor Relations Jennifer Johnson - President and Chief Executive Officer Matthew Nicholls - Chief Financial Officer and Chief Operating Officer Adam Spector - Head of Global Distribution Conference Call Participants Alexander Blostein - Goldman Sachs Craig Siegenthaler - Bank of America William Katz - TD Cowen Daniel Fannon - Jefferies ...

Franklin Resources (BEN) reported $1.99 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 1.2%. EPS of $0.65 for the same period compares to $0.51 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.91 billion, representing a surprise of +4.11%. The company delivered an EPS surprise of +14.04%, with the consensus EPS estimate being $0.57.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Franklin Resources (BEN) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.04%. A quarter ago, it was expected that this investment manager would post earnings of $0.60 per share when it actually produced earnings of $0.84, delivering a surprise of 40%.Over the last four quarters, th ...