Investing.com - Franklin Resources (NYSE:BEN) reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Franklin Resources announced earnings per share of $1.26 on revenue of $2.18B. Analysts polled by Investing.com anticipated EPS of $0.859 on revenue of $1.6B.
Franklin Resources shares are up 26% from the beginning of the year and are trading at $32.39 , down-from-52-week-high.They are outperforming the S&P 500 which is up 22.61% from the start of the year.
Franklin Resources shares gained 2.86% 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 Wednesday, October 13, 2021, who reported EPS of $3.74 on revenue of $30.44B, compared to forecasts EPS of $3 on revenue of $29.79B.
UnitedHealth had beat expectations on Thursday, October 14, 2021 with third quarter EPS of $4.52 on revenue of $72.34B, compared to forecast for EPS of $4.42 on revenue of $71.38B.
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