Franklin Resources, Inc. (BEN)
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Steadily improving AUM balance and inorganic expansion efforts are likely to keep supporting Franklin's (BEN) financials.
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1,561.7 billion at October 31, 2021, compared to $1,530.1 billion at September 30, 2021. This month's increase in AUM primarily reflected the positive impact of markets partially offset by slight long-term net outflows. By Asset Class: (In USD billions) Preliminary 31-Oct-211 30-Sep-21 30-Jun-21 31-Mar-21 31-Oct-20 Fixed Income2 $63
The Franklin Resources 4Q21 result was well and truly overshadowed by the announced acquisition of Lexington Partners.
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Goldman Sachs predicts the Democrats' new tax plan could yield positive results for M&A-focused companies. Here are the M&A stocks to watch.
Franklin Resources, Inc. (BEN) CEO Jennifer Johnson on Q4 2021 Results - Earnings Call Transcript
While higher revenues drive Franklin's (BEN) fourth-quarter fiscal 2021 performance, rising expenses and overall net outflows erode growth.
An encouraging glimpse at last quarter's growth and plans for a brilliant acquisition have stoked investors, though perhaps a bit too much.