Franklin Resources delivered solid first-quarter results with higher net income, stable revenues, and strong long-term net inflows that drove record AUM, led by growth in alternatives and ETFs.
Net income increased significantly compared with the prior-year quarter
Adjusted EPS showed continued profitability improvement
Long-term net inflows supported record total AUM
Alternatives and ETFs were key growth drivers
The company did not provide specific quantitative forward guidance for future quarters.
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