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Stock Market & Financial Investment News

News Breaks
January 30, 2014
08:29 EDTBENFranklin Resources reports Q1 EPS 96c, consensus 93c
Reports Q1 revenue $2.11B, consensus $2.1B. Reports total assets under management $879.1B at December 31, 2013, up $34.4B or 4% during the quarter, with the increase primarily due to $36.0B in market appreciation. AUM increased $97.3B or 12% year over year, primarily due to $77.3B of market appreciation and $24.0B of net new flows.
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November 21, 2014
08:53 EDTBENFranklin Resources downgraded at Bernstein
As noted earlier, Bernstein downgraded Franklin Resources to Market Perform from Outperform. As reasons for the downgrade, the firm cited slowing fundamental momentum and lack of visibility and catalysts. Target to $60 from $65.
November 20, 2014
16:09 EDTBENFranklin Resources downgraded to Market Perform from Outperform at Bernstein
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