Even Better Times for Franklin Resources

Much of the asset management group has been on a tear in the past year as the stock market has rallied, with many of the leading stocks, such as Blackrock (BLK) and Eaton Vance (EVG), reaching record highs. One that has also done well, but has modestly lagged the group, and should have more upside from here is Franklin Resources (BEN).

BEN has become one of the leading asset managers, emerging from the 2008/09 Great Recession as a stronger player than before. Current assets under management are a record $834 billion versus an approximate $650 billion under management at its prior peak in 2007. Net profit margins have also held steady and are back to 42%. Earnings are a remarkable 45% higher than the previous 2007 peak....344 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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