secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN RESOURCES INC (BEN)
CIK:        0000038777
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0000038777-23-000105
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Resources Q3 GAAP EPS $0.44, adjusted EPS $0.63; long-term net flows positive
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- GAAP net income $227.5M ($0.44 diluted EPS) vs $256.4M ($0.50) YoY; up 17% sequentially from $194.2M ($0.38).
- Adjusted diluted EPS $0.63 vs $0.82 YoY and $0.61 prior Q; adjusted operating income $476.8M.
- Operating revenues $1.969B (-3% YoY); GAAP operating margin 16.0%, adjusted operating margin 30.5%.
- Ending AUM $1,431.5B (+1% QoQ); long-term net flows turned positive at $0.2B (vs -$3.7B prior Q).
- Announced pending acquisition of Putnam Investments ($136B AUM); Great-West Lifeco to allocate $25B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38777/000003877723000105/0000038777-23-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38777/000003877723000105/ben-20230728.htm
  HTML page:      https://secwatch.observer/filing/0000038777-23-000105

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