Market Currents

• Tuesday, October 27, 2009

• 09:13 AM Franklin Resources (BEN): FQ4 EPS of $1.60 beats by $0.27. Revenue of $1.24B (-6.3%) in-line. Net new flows +$12.2B vs. +$6B in FQ3 and -$8.6B last year. (PR) Comment!
• 00:05 AM Notable pre-market earnings: AGCO, AKS, AMTD, AVY, BEAV, BEN, BJS, BP, BYD, CE, CP, CPO, CTV, CVG, ECL, ELNK, ENTG, FE, FPL, GIGM, HSP, IACI, ICON, JCI, LIFE, LLL, PCAR, SAH, TXT, VLO, WYNN, X Comment!

• Wednesday, September 2, 2009

• 09:11 AM Sources say Morgan Stanley (MS) is looking for a very large partner with whom to share its $86B Van Kampen mutual-fund business in a JV, instead of selling the unit as had been assumed. Possible good fits include: Invesco (IVZ), Franklin Resources (BEN), Aberdeen, Federated Investors (FII) and Nuveen. Comment!

• Thursday, July 30, 2009

• 09:04 AM Franklin Resources (BEN): FQ3 EPS of $1.29 beats by $0.42. Revenue of $1.1B (-29%) vs. $1B. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: ABC, ABX, ADP, ALU, AOC, APA, ARTG, AVP, AVY, AZN, BC, BCRX, BDX, BEN, CI, CINF, CL, CLI, CMI, CMS, CNX, COL, COV, CVC, DLR, DOW, EK, ENDP, EXPE, FAF, GT, GTI, HP, INCY, IP, IRM, K, KBR, KIM, KSU, LVLT, MA, MOT, MYL, NBL, NRG, NWL, NYX, OCR, OMX, OSK, PCZ, PH, PTEN, RDS.A, RGC, RYN, SBH, SNE, SPR, TEN, TRV, TSM, TYC, VTR, WMI, WYNN, XEL, XOM Comment!

• Wednesday, May 20, 2009

• 14:39 PM Franklin Resources (BEN) and Crestview Partners are in joint talks to buy AIG's (AIG) investment unit. Sources say exclusive discussions began within the last week. Comment!

• Wednesday, May 6, 2009

• 15:55 PM Sources say BlackRock (BLK), Franklin Resources (BEN) and Federated Investors (FII) have all submitted preliminary bids for Bank of America's (BAC) mutual fund unit, Columbia. Analysts say Columbia, which oversees $341B, could fetch north of $2B. Comment!

• Tuesday, April 28, 2009

• 09:10 AM Franklin Resources (BEN): FQ2 EPS of $0.48 misses by $0.14. Revenue of $912M (-39.3%) vs. $898M. Assets under management were $396.6B, vs. $438.7B in FQ1 and $610.2B a year ago. Equity assets were 44% of total UAM, vs. 47% and 55% last quarter and year. Shares -4.5% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: AG, AMB, AVY, BDX, BEN, BMS, BMY, BP, CCE, CE, COL, CVH, ECL, ELNK, EME, FMER, FPL, HCP, HL, HSP, IPG, LAZ, LVLT, MHP, NXY, ODP, PCAR, PCH, PCZ, PFE, PMTC, SMG, TLAB, VLO, VSH, WAT, WDR Comment!

• Tuesday, March 3, 2009

• 10:51 AM While the outlook for U.S. asset managers remains bleak, firms that are well-positioned in fixed-income will likely outperform, analysts say. Top picks include Franklin Resources (BEN), BlackRock (BLK) and Eaton Vance (EV). Comment!

• Wednesday, January 28, 2009

• 09:21 AM Franklin Resources (BEN): FQ1 EPS of $0.52 misses by $0.32. Revenue of $969M (-42.5%) vs. $1.05B. AUM of $416B vs. $644B a year ago. Shares -3.5% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: AAI, AMG, BA, BDX, BEN, BHI, COP, DOV, GD, HES, LM, MWV, NVS, NYT, PX, SAP, SO, SY, T, TDW, TEL, USG, WFC, WLP Comment!

• Thursday, January 22, 2009

• 00:05 AM Notable earnings before Thursday's open: ABC, AUO, AVT, BAX, BBT, BEN, CIT, CMA, CY, EAT, ESI, EXC, FITB, HBAN, IGT, JNS, KEY, LMT, LUV, MTB, NITE, NOC, NOK, ORI, POT, SHW, STI, TCB, TSM, UNH, UNP, UST Comment!

• Thursday, October 23, 2008

• 00:05 AM Notable earnings before Thursday's open: AAI, ALK, ALXN, AMTD, AUO, AVT, BC, BEN, BG, BMY, CBE, CCE, CELG, CNX, DO, DOW, ECA, ECL, ELN, EME, EPD, EQT, ESI, ESV, F, FLIR, GR, HOT, JBLU, JCI, JNS, LCC, LH, LLL, LLY, LTM, LVLT, MO, NIHD, NOV, NYT, ORI, PCZ, PDS, PLD, POT, RGC, RHD, RSH, RTN, RX, SO, STI, TMO, TRA, UNP, UPS, XEL, XRX, ZMH Comment!

• Thursday, July 24, 2008

• 00:02 AM Notable earnings before Thursday's open I: ABC, ABI, AN, ASH, AUO, BBI, BBW, BC, BDX, BEN, BG, BMY, BNI, CACH, CBE, CELG, CPS, DAI, DO, DOW, ECA, ECL, ELN, ESI, ESV, EVR, F, FCL, FLIR, FRZ, GR, HOT, HTV, IMCL, IVGN, IVZ, JNS, KCI, KMB Comment!