Higher Tax Rates Offset Franklin Resources' (BEN) 1Q Earnings - Cuts Price Target to $34
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Franklin Resources, Inc. Announces First Quarter Results
February 3, 2016 8:30 AM ESTSAN MATEO, CA -- (Marketwired) -- 02/03/16 -- Franklin Resources, Inc. (the "Company") (NYSE: BEN) today announced net income(1) of $447.8 million or $0.74 per diluted share for the quarter ended December 31, 2015, as compared to $358.2 million or $0.59 per diluted share for the previous quarter and $566.4 million or $0.91 per diluted share for the quarter ended December 31, 2014.
"Market volatility continued this quarter, but we are confident that we have the talent, discipline and foresight to continue driving our long-term success," said Greg Johnson, Chairman and CEO. "We have a long history of weathering periods like this, and... More
