Investing.com - Franklin Resources (NYSE:BEN) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Franklin Resources announced earnings per share of $1.08 on revenue of $2.22B. Analysts polled by Investing.com anticipated EPS of $0.8843 on revenue of $1.63B.
Franklin Resources shares are down 4% from the beginning of the year and are trading at $31.79 , down-from-52-week-high.They are outperforming the S&P 500 which is down 5.26% from the start of the year.
Franklin Resources shares lost 0.56% in pre-market trade the report.
Franklin Resources follows other major Financial sector earnings this month
Franklin Resources's report follows an earnings beat by JPMorgan on Friday, January 14, 2022, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3.01 on revenue of $29.78B.
Bank of America had beat expectations on Wednesday, January 19, 2022 with fourth quarter EPS of $0.82 on revenue of $22.06B, compared to forecast for EPS of $0.7652 on revenue of $22.18B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar