Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Franklin Resources ( (BEN) ) just unveiled an update.
Franklin Resources, Inc., a major global asset manager, reported a preliminary net loss of $84.7 million for the fourth quarter of 2024, a significant drop from the previous year’s profits. Despite the challenging fiscal year, the company achieved record assets under management (AUM) of $1.68 trillion, with a notable increase in long-term inflows. Their acquisition of Putnam Investments has exceeded expectations, contributing to positive net flows and cost savings. The company remains focused on innovative client relationships and expanding into key growth areas, such as alternative and multi-asset investment strategies.
Find detailed analytics on BEN stock on TipRanks’ Stock Analysis page.
