Financial24 (Free subscription) | 07/30/2009
Asset management company Franklin Resources Inc. (BEN), Thursday reported a 26% decline in net profit for the third quarter as revenues dropped 29%, while assets under management shrunk from last year. Earnings, though down from last year, came in w ...
Market Watch (Free subscription) | 07/30/2009
NEW YORK (MarketWatch) -- Asset manager Franklin Resources Inc. said Thursday that its fiscal third-quarter profit declined to $297.7 million, or $1.29 a share, compared to $403.3 million, or $1.71 a share, in the year-ago period. Revenues in the latest quarter were $1.07 billion compared to $1.52 billion in the same quarter of 2008. Analysts surveyed by FactSet Research had expected, on average,...
Market Watch (Free subscription) | 06/02/2009
SAN FRANCISCO (MarketWatch) -- Temasek Holdings Pte. Ltd. of Singapore and Richard Li's Pacific Century Group may join a group led by Franklin Resources Inc.'s Franklin Templeton Investments unit to buy American International Group Inc.'s Investments unit, The Wall Street Journal reported Tuesday on its Web site, citing people familiar with the matter. A deal for AIG Investments, which manages about...
Market Watch (Free subscription) | 05/20/2009
NEW YORK (MarketWatch) -- American International Group Inc. is in talks to sell its investment unit for as much as $500 million, according to a published report. Bloomberg news reported Wednesday Franklin Resources Inc. , an asset management company, and Crestview Partners LP, a private equity firm, are in negotiations with the troubled insurer to buy its investment management book valued at about...
Market Watch (Free subscription) | 04/28/2009
NEW YORK (MarketWatch) -- Asset manager Franklin Resources Inc. reported Tuesday a 70% fall in its fiscal second-quarter net income, but its results were generally better than the previous quarter.
Market Watch (Free subscription) | 04/28/2009
NEW YORK (MarketWatch) -- Asset manager Franklin Resources Inc. reported Tuesday a 70% fall in its fiscal second-quarter net income to $110.8 million, or 48 cents a share, from $366.1 million, or $1.54 a share, in the year-ago period. Analysts surveyed by FactSet Research had expected, on average, earnings per share of 61 cents. San Mateo, Calif.-based Franklin said revenues were $912.3 million, a...
Business Wire (Free subscription) | 03/12/2009
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (NYSE:BEN) announced a quarterly cash dividend of $0.21 per share payable on April 14, 2009 to stockholders of record on March 31, 2009. The quarterly
24/7 Wall St. (Free subscription) | 03/05/2009
These are some of the top pre-market analyst downgrades and negative calls we have seen from Wall Street this Thursday morning with about two hours until the open: Eaton (ETN) Cut to Underweight at Barclays. Franklin Resources (BEN) Started as Sell at Citigroup. Gymboree (GYMB) Cut to Neutral at JPMorgan. Hecla Mining (HL) Cut to Underperform at BofA-Merrill. Legacy Reserves [...]
Law Blog - WSJ.com (Free subscription) | 01/28/2009
Franklin Resources' fiscal first-quarter net plunged 77% as assets under management and revenue dropped sharply amid the stock market's plunge.
Market Watch (Free subscription) | 01/28/2009
NEW YORK (MarketWatch) -- Franklin Resources Inc. said Wednesday that fiscal first-quarter earnings were $121 million, or 52 cents a share, compared to $518 million, or $2.15 cents a share, in the same period a year ago. Revenue was $969 million compared to $1.69 billion. Analysts polled by FactSet Research estimated, on average, earnings per share of 87 cents and sales of $1.12 billion. Market Pulse...
Market Watch (Free subscription) | 01/22/2009
NEW YORK (MarketWatch) -- Just days before the release of its fourth-quarter earnings, Franklin Resources Inc. confirmed Thursday that it plans to cut 4% of its global workforce.
Market Watch (Free subscription) | 01/22/2009
NEW YORK (MarketWatch) -- Just days before the release of its fourth-quarter earnings, Franklin Resources Inc. confirmed Thursday that it plans to cut 4% of its global workforce.
InformedTrades (Free subscription) | 01/22/2009
NEW YORK (MarketWatch) -- Franklin Resources Inc. confirmed Thursday that it plans to cut 4% of its global workforce. The cuts, announced to staff on...
The Earth Times Online Newspaper (Free subscription) | 01/12/2009
SAN MATEO, Calif. - Franklin Resources, Inc. (Franklin Templeton Investments) (NYSE:BEN) today reported preliminary month-end assets under management by the company’s subsidiaries of $416.2 billion at December 31, 2008, compared to $404.6 billion at November 30, 2008 and $643.7 billion
InformedTrades (Free subscription) | 12/13/2008
SAN FRANCISCO (MarketWatch) -- Franklin Resources Inc. late Friday said it raised its quarterly dividend by 5% to 21 cents. The dividend will be paid...
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