Reports Q3 adjusted revenue $1.65B, consensus $1.66B. Total assets under management were $1.65T at June 30, up $1.9B during the quarter due to $3B of cash management net inflows and the positive impact of $2.1B of net market change, distributions, and other, partially offset by $3.2B of long-term net outflows. “During our third fiscal quarter, we saw a number of positive developments across our business which further diversified our firm’s capabilities, and continued our focus on new technologies to optimize the client experience and support our business growth,” said Jenny Johnson, President and CEO of Franklin Resources, Inc.
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