Franklin Resources reports Q3 adjusted EPS 49c, consensus 50c

Reports Q3 revenue $2.06B, consensus $2.09B. “As investors navigate today’s complex market and geopolitical landscape, we remain committed to being a trusted partner to our clients, offering solutions across public and private markets,” said Jenny Johnson, President and CEO of Franklin Resources (BEN). “This quarter, we saw progress across asset classes, investment vehicles and geographies, highlighting the strength of our diversified global platform. Long-term net outflows were $9.3 billion, a significant improvement from last quarter, and excluding Western Asset Management, long-term net inflows were $7.8 billion, the seventh consecutive quarter of positive net flows. Our institutional pipeline of won-but-unfunded mandates rose by net $4 billion to a record $24.4 billion, reflecting strong client demand across all asset classes.”