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Franklin Resources, Inc. (NYSE: BEN) shares moved higher as investors focused on a stronger-than-expected fiscal third-quarter earnings report, improved asset flows and record assets under management.

• Earnings and revenue beat estimates: Franklin reported adjusted earnings of approximately $0.72 per share, above the $0.66 consensus estimate and up from $0.49 a year earlier. Revenue reached about $2.28 billion, exceeding the $1.76 billion estimate and increasing 14.3% year over year. Franklin Resources Tops Q3 Earnings and Revenue Estimates
• Record AUM and healthier flows: Assets under management reached approximately $1.79 trillion at June 30, supported by market gains and $18.4 billion of long-term net inflows. Western Asset Management’s $1 billion of long-term outflows represented an improvement over recent periods, suggesting better asset-gathering momentum. Franklin Q3 Earnings Beat on Higher Revenues, AUM Hits Record High
• Capital returns supported the investment case: Franklin repurchased 10.4 million shares for $348.1 million and returned $521.5 million to shareholders during the quarter, including dividends and buybacks. Franklin Resources Reports Quarterly Net Income
• Corporate rebranding: The company will change its name to Franklin Templeton, Inc. on August 17, 2026, while retaining the NYSE ticker BEN. The change may improve brand alignment but does not directly alter operations or shareholder economics. Franklin Resources Rebrands as Franklin Templeton
• GAAP results and expenses remain concerns: Reported net income was $171.5 million, or $0.31 per diluted share, below the prior quarter’s $268.2 million and $0.49 per share. Higher expenses also tempered the otherwise strong quarter.