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Stock Market & Financial Investment News

News Breaks
June 15, 2014
18:48 EDTBENFranklin Resources looks like a probable target for activists, Barron's says
Franklin Resources has over $8B in cash and does not return much of it to shareholders. The stock looks like a probable target for an activist investor, Barron's contends in a feature article. Reference Link
News For BEN From The Last 14 Days
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April 29, 2015
08:32 EDTBENFranklin Resources reports Q1 EPS 98c, consensus 86c
Reports Q1 revenue $2.01B, consensus $2.05B. Total assets under management were $880.6B at March 31, up $0.5B during the quarter. Market appreciation of $14.7B was substantially offset by a $7.7B decrease due to the impact of foreign exchange revaluation and $5.6B of net new outflows. AUM decreased $6.3B or 1% year over year, primarily due to a $17.4B decrease from foreign exchange revaluation and $6.6B of net new outflows, substantially offset by $22.8B of market appreciation. The foreign exchange revaluation is related to AUM in products that are not U.S. dollar denominated, which represents approximately 12% of total AUM, and primarily resulted from strengthening of the U.S. dollar against the Canadian dollar, Euro and Australian dollar.
April 28, 2015
15:07 EDTBENNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include MasterCard (MA), consensus 80c... Time Warner (TWX), consensus $1.09... Mondelez (MDLZ), consensus 38c... NextEra Energy (NEE), consensus $1.27... General Dynamics (GD), consensus $1.95... Lumber Liquidators (LL), consensus 16c... Southern Co (SO), consensus 58c... Anthem (ANTM), consensus $2.66... Praxair (PX), consensus $1.44... Norfolk Southern (NSC), consensus $1.00... Eaton (ETN), consensus 98c... Thomson Reuters (TRI), consensus 45c... Franklin Resources (BEN), consensus 86c... Northrop Grumman (NOC), consensus $2.27... Hilton Worldwide (HLT), consensus 12c... Exelon (EXC), consensus 69c... Humana (HUM), consensus $2.56... International Paper (IP), consensus 80c... Hess (HES), consensus ($1.05)... Level 3 Communications (LVLT), consensus 33c... Starwood Hotels & Resorts (HOT), consensus 57c... Ametek (AME), consensus 63c... Garmin (GRMN), consensus 57c... Quintiles Transnational (Q), consensus 71c... New York Community Bancorp (NYCB), consensus 26c... Spirit Aerosystems (SPR), consensus 92c... Spirit Airlines (SAVE), consensus 96c... Brunswick (BC), consensus 61c... KBR (KBR), consensus 17c... Linn Energy (LINE), consensus (20c)... Cullen/Frost Bankers (CFR), consensus $1.09... WEX (WEX), consensus 99c... RPC (RES), consensus 11c... Hercules Offshore (HERO), consensus (38c).

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