Investing.com - Franklin Resources (NYSE:BEN) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Franklin Resources announced earnings per share of $0.96 on revenue of $2.17B. Analysts polled by Investing.com anticipated EPS of $0.7783 on revenue of $1.56B.
Franklin Resources shares are up 19% from the beginning of the year and are trading at $29.77 , down-from-52-week-high.They are outperforming the S&P 500 which is up 16.8% from the start of the year.
Franklin Resources follows other major Financial sector earnings this month
Franklin Resources's report follows an earnings beat by Bank of America on Wednesday, July 14, 2021, who reported EPS of $1.03 on revenue of $21.47B, compared to forecasts EPS of $0.7706 on revenue of $21.8B.
Wells Fargo&Co had beat expectations on Wednesday, July 14, 2021 with second quarter EPS of $1.38 on revenue of $20.27B, compared to forecast for EPS of $0.9752 on revenue of $17.76B.
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