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Based in San Mateo, California, Franklin Resources, Inc. (BEN) is an asset management holding company that provides its services to individuals, institutions, pension plans, trusts, and partnerships. Valued at a market cap of $10.6 billion, the company launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries and is expected to announce its fiscal Q4 earnings results before the market opens on Monday, Nov. 4.
Ahead of this event, analysts expect the asset management company to report a profit of $0.60 per share, down 28.6% from $0.84 per share in the year-ago quarter. The company has surpassed Wall Street's earnings estimates in three of the last four quarters while missing on another occasion. In Q3, the company reported an EPS of $0.60, which topped the consensus estimates by 5.3%.
