‘Priced to Perfection' Starts to Unravel as Debt Markets Get Jitters [BNN Bloomberg (Canada)]
Franklin Resources, Inc. (BEN)
Last franklin resources, inc. earnings: 4/30 08:30 am
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Source: BNN Bloomberg
The pullback was triggered in part by comments from Federal Reserve Bank of New York President John Williams, who said there's no rush to cut interest rates and it's possible that economic data could even warrant an increase if inflation persists. The realization that the interest rate pivot had yet to arrive comes as the US economy continues its strong performance, causing financial conditions to loosen in recent months. As a result, the market isn't yet showing signals that the central bank has restricted policy enough to begin easing, said Bill Zox, a portfolio manager at Brandywine Global Investment Management. The return of the higher-for-longer mantra is a headache for insurance companies and pension plans which, flush with cash, sent demand for bonds soaring this year as they tried to lock in yields ahead of the anticipated cuts. Corporates responded by issuing more than $1 trillion of notes globally so far this year, the second-highest level since at least 2013. Now, howe
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BEN
News
- Western Asset Inflation-Linked Opportunities & Income Fund (NYSE: WIW) Announces Portfolio Management Team UpdateBusiness Wire
- Fiduciary Trust International Welcomes Edward J. Mooney as Managing Director and Financial Planning DirectorBusiness Wire
- Earnings Miss: Franklin Resources, Inc. Missed EPS By 51% And Analysts Are Revising Their Forecasts [Yahoo! Finance]Yahoo! Finance
- Franklin Resources, Inc. (NYSE: BEN) had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $29.00 to $24.00. They now have a "hold" rating on the stock.MarketBeat
- Franklin Resources, Inc. (NYSE: BEN) had its price target lowered by analysts at TD Cowen from $29.00 to $25.50. They now have a "hold" rating on the stock.MarketBeat
BEN
Earnings
- 4/29/24 - Miss
BEN
Sec Filings
- 5/3/24 - Form 497J
- 5/1/24 - Form 497K
- 5/1/24 - Form 497K
- BEN's page on the SEC website