Franklin Resources Inc. (BEN) reported second-quarter net income attributable to the company of $572.8 million or $2.69 per share up from $503.2 million or $2.32 per share in the prior year quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $2.50 per share for the quarter. Analysts' estimates typically exclude special items.
Total operating revenues for the quarter grew to $2.01 billion from $1.80 billion in the year ago quarter. Fourteen analysts had consensus revenue estimate of $1.99 billion for the quarter.
Total assets under management or "AUM" were $823.7 billion at March 31, 2013, up $41.9 billion or 5% during the quarter. The increase was primarily due to $24.5 billion in market appreciation and $18.3 billion of net new flows. AUM increased $98.0 billion or 14% year over year, primarily due to $67.6 billion in market appreciation and $26.3 billion of net new flows.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.