IBM (IBM) has lost 15.9% so far this year after Anthropic’s Claude Code tool threatened to automate COBOL modernization, IBM’s highest-margin consulting work, although fourth-quarter revenue grew 12% to $19.69 billion and generative AI bookings surpassed $12.5 billion. Franklin Resources (BEN) added 849,500 shares and Invesco (IVZ) increased its stake by 2.2%, indicating institutional confidence…
Franklin Resources, Inc. (NYSE:BEN) is among the the largest publicly traded asset managers. Franklin Resources, Inc. (NYSE:BEN) released its first quarter 2026 earnings report on January 30, with adjusted earnings per share of $0.70, beating the average estimate of $0.55 by $0.15. Revenue came in at $2.37 billion, significantly above the consensus forecast of $1.71…
Valued with a market capitalization of $11.7 billion, Franklin Resources, Inc. (BEN) is an asset management company based in San Mateo, California. It offers a wide range of investment solutions, including equities, fixed income, multi-asset and alternative strategies, to individual, institutional and sovereign clients in more than 150 countries. This asset management company has underperformed…
