Franklin (BEN) Reports Q4 2024 Earnings with Growth in Assets Under Management
Franklin (BEN) reported Q4 2024 earnings with a 2% sequential increase in Assets Under Management (AUM) to $1.68 trillion, driven by the acquisition of Putnam Investments and organic inflows. Adjusted operating revenues rose 4% sequentially to $1.7 billion, but adjusted operating income increased only 6% sequentially to $452 million, with a year-over-year decline in annual operating income.
Tickers: $BEN
Topics: Assets Under Management Cost Savings Earnings Earnings Per Share Net Income Operating Expenses Operating Income Operating Revenues Performance Fees