Welcome to our dedicated page for Franklin Resources news (Ticker: $BEN), a resource for investors and traders seeking the latest updates and insights on Franklin Resources stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Franklin Resources's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Franklin Resources's position in the market.
Benefit Street Partners L.L.C announced the final close of BSP Special Situations Fund II with approximately $850 million in capital commitments. The fund focuses on providing bespoke financing solutions to borrowers leveraging its experience in stressed and distressed situations. BSP's special situations team has deployed over $3 billion since inception, aiming for attractive risk-adjusted returns. Fund II has already deployed 40% of its capital with an early strong net IRR of 25%.
Western Asset Inflation-Linked Opportunities & Income Fund announces changes in its portfolio management team, effective May 1, 2024. John Bellows is no longer a portfolio manager, while a new team comprising Michael Buchanan, Ken Leech, Chia-Liang Lian, and Frederick Marki takes over. The Fund's share prices fluctuate with market conditions and may trade at a discount to their net asset value, posing risks for investors.
Fiduciary Trust International, a global wealth manager and subsidiary of Franklin Templeton, welcomes Edward J. Mooney as managing director and financial planning director. Mooney's industry experience will enhance the firm's financial planning solutions, setting new industry standards and elevating client experience. His expertise in investments, wealth succession, estate and tax planning, and charitable structures will benefit high-net-worth individuals and families.
ClearBridge Investments, with $188B in assets under management, released its seventh annual Stewardship Report, focusing on ESG factors in its investment process for over 35 years. The report highlights top scores in PRI assessment, updates to its ESG policy, proxy voting activities, net zero alignment, diverse and inclusive culture, and contributions to U.N. SDGs.
Western Asset Inflation-Linked Opportunities & Income Fund (WIW) has announced the sources of distributions to be paid on April 30, 2024, and for the fiscal year 2024 year-to-date. The estimated allocations and distribution breakdown indicate a return of capital may be included. Shareholders should not infer the Fund's investment performance solely from the distribution amount. The Fund has a managed distribution policy that seeks to provide long-term total return potential through regular monthly distributions.
Franklin Templeton's Margaret King was recognized as a 2024 Volunteer of the Year by Junior Achievement of Northern California, a global charity partner of the firm. Employee volunteers like King help provide work readiness, entrepreneurship, and financial literacy education to students. King was honored at the JA Virtual Hall of Fame event in April, expressing her excitement to educate and inspire the next generation of financial and technology leaders.
Franklin Resources, Inc. (NYSE: BEN) reported net income of $124.2 million for Q2 2024, a decrease from the previous quarter. Operating income was $129.3 million. Adjusted net income was $306.6 million. AUM increased to $1,644.7 billion, with positive net flows. The acquisition of Putnam Investments expanded investment capabilities. Despite a decline in operating income, the Company remains focused on growth and innovation.
