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BEN

Franklin Resources, Inc. Posts Weak Q2 ResultsFranklin Resources, Inc. (NYSE: NYSE:BEN ) unveils its second-quarter financial performance, showcasing resilience and strategic prowess amidst evolving market dynamics. With a nuanced approach to financial management and a focus on innovation, the company navigates challenges while charting a path toward sustained growth. The reported net income of $124.2 million or $0.23 per diluted share for the quarter ended March 31, 2024, reflects a strategic pivot amidst shifting market landscapes. Comparatively, the figures for the previous quarter stood at $251.3 million or $0.50 per diluted share, illustrating the company's adaptability in the face of volatility. Jenny Johnson, President and CEO of Franklin Resources, Inc., attributes the positive results to the company's commitment to deepening client relationships and diversifying its offerings across asset classes and geographies. Notably, the quarter witnessed long-term net inflows of $6.9 billion, propelled by robust performances in fixed income, multi-asset, and alternative assets. The acquisition of Putnam Investments in January marked a strategic milestone for Franklin Resources, Inc., ( NYSE:BEN ) bolstering its investment capabilities and expanding its presence in vital sectors such as insurance and retirement. With Barron's ranking Putnam as the top fund family for one- and five-year performance, the acquisition underscores the company's commitment to delivering superior investment outcomes. While celebrating these achievements, Franklin Resources, Inc. ( NYSE:BEN ) remains cognizant of the evolving regulatory landscape and the need for disciplined expense management. By leveraging its net cash and investment position to invest in growth and innovation, the company aims to stay ahead of client needs while delivering value to stakeholders. In addition to reporting U.S. GAAP figures, Franklin Resources, Inc. ( NYSE:BEN ) provides supplemental non-GAAP financial measures, offering investors insights into the company's relative performance and financial health. These measures, including adjusted operating income and adjusted net income, reflect management's commitment to transparency and accountability. As Franklin Resources, Inc. ( NYSE:BEN ) charts its course amidst a dynamic economic environment, the company's focus on innovation, client-centricity, and financial resilience positions it for sustained success. Technical Outlook Franklin Resources, Inc. ( NYSE:BEN ) stock is down 4.44% trading below the 200, 100, and 50-day Moving Average (MA) respectively with a weak Relative Strength Index (RSI) of 27.58 which is clearly on the verge of an oversold situation.
NYSE:BENShort
by DEXWireNews
Unveiling the Resilience of Franklin Resources Inc. ($BEN) Franklin Resources Inc. ( NYSE:BEN ) has kicked off fiscal year 2024 on a robust note, showcasing its resilience and adaptability in a dynamic market environment. The financial results for the first quarter ended December 31, 2023, surpassed expectations, with adjusted earnings per share of 65 cents, marking a stellar 28% year-over-year increase. Let's delve into the key highlights that make NYSE:BEN an intriguing stock to watch. Earnings Beat and Growth: One of the standout achievements for Franklin Resources ( NYSE:BEN ) in Q1 FY 2024 is its impressive earnings beat. The company's adjusted earnings per share not only exceeded the Zacks Consensus Estimate of 57 cents but also experienced substantial growth, surging 28% compared to the same period in the previous year. This growth is a testament to Franklin's effective management and ability to capitalize on market opportunities. Assets under Management (AUM) Strength: One of the critical indicators of a financial institution's performance is the management of assets, and Franklin Resources exhibited strength in this aspect. AUM for fixed income, multi-asset, equity, alternative, and cash management categories all displayed robust figures, either meeting or slightly exceeding analyst estimates. The total AUM stood at $1,455.5 billion, reinforcing the company's position as a trusted asset manager. Cost Management and Margin Expansion: While expenses increased by 1% year over year, the company effectively managed its cost structure, resulting in an operating margin of 10.4%, compared to 9.9% in the same quarter of the previous year. This margin expansion showcases Franklin Resources' commitment to efficient cost management, contributing to its overall financial health. Net Flows and Shareholder Value: Despite facing challenges, Franklin Resources ( NYSE:BEN ) managed to minimize net flows negativity, reporting $-0.3 billion, outperforming the three-analyst average estimate of $-1.71 billion. The company's ability to retain and attract assets, even in challenging market conditions, is a positive sign for shareholders. Conclusion: Franklin Resources Inc. ( NYSE:BEN ) has set a strong foundation for fiscal year 2024, demonstrating resilience, sound financial management, and the ability to navigate through market headwinds. The company's robust AUM, earnings growth, and effective cost management paint a positive outlook for investors.
NYSE:BEN
by DEXWireNews
USDCAD LONG 2020-05-11Back again for another crack here. Price rejected lows pretty emphatically overnight. Same bullish thesis for this one, I'm expecting oil to get smoked this week as the June contract expires, and perhaps we see the classic correlation with the CAD. There are two scenarios I'm going to look for, they are drawn on the chart. I prefer to see the top option, waiting to see what unfolds. These trades assume we have failed to make a lower low on the daily chart. DISCLAIMER There is a very high degree of risk involved in trading. Past results are not indicative of future returns. I assume no responsibilities for your results, these are merely ideas. Stay safe out there!
Long
by bdverhaeghe
BEN descending triangle, potential breakdownThis asset managment company was in strong uptrend since September 2013 from $45 and topped at $58.86. That trend was broken with steep downside move. Stock found support at $50-51 area from one side and resistance zone at $54-55. BEN was underperformer with $SPY just 2% off the highs. It means that if bounce scenario will come into play this range may resolve to downside. Recently, it have built Descending triangle. Selling area is $52ish then $54 Target $51 then $50 and then mid $40ish area.
NYSE:BENShort
by andrew.berg
1