(RTTNews) - Franklin Templeton, Inc. (BEN), a major investment management company, on Friday recorded a surge in preliminary net profit for the fourth quarter of fiscal 2026, helped by improved revenue and decreased expenses.

Franklin Templeton Q4 Preliminary Net Income Surges As Revenue Climbs, Expenses Drop; Stock Up 4% 

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BEN's arm is acquiring a majority stake in Stoneshield to expand its European alternatives platform, taking Franklin's alternatives AUM above $300 billion.

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Franklin Templeton Inc. is a publicly owned asset investment manager. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Calgary, Alberta; Dubai, United Arab Emirates; Edinburgh, Midlothian; Fort Lauderdale, Florida; Hyderabad, India; London, Greater London; Rancho Cordova, California; Shanghai, Shanghai Province; Singapore; Stamford, Connecticut; and Vienna.

Franklin Templeton Inc. News