Franklin Resources Q4 2020 Earnings Report
Key Takeaways
Franklin Resources reported preliminary net income of $78.9 million, or $0.15 per diluted share, for the quarter ended September 30, 2020. The quarter's results include two months of Legg Mason. Total assets under management (AUM) were $1,418.9 billion, up 128% during the quarter.
Acquisition of Legg Mason was completed, bringing strategically important investment capabilities.
Global distribution team is in place and cross-selling investment products.
U.S. fixed income attracted record net flows of $5.7 billion in the quarter.
Alternatives asset class recorded its fifth consecutive quarter of net inflows, representing 9% of AUM at $124 billion.
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Franklin Resources Revenue by Segment
Forward Guidance
The press release does not contain specific forward guidance. It focuses on the integration of Legg Mason and the firm's strategic positioning.
Revenue & Expenses
Visualization of income flow from segment revenue to net income