Boston- based Fidelity in December filed an application to set up a series of actively managed ETFs with the Securities and Exchange Commission, and the agency approved the request last week, spokesman Jeff Cathie said.
*Sterne Agee cuts to neutral from buy- Theflyonthewall.com. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
May 1- Franklin Resources Inc:. *Barclays raises target price to $168 from $158; rating overweight. Reuters Station users, click. 1568.
May 1- Franklin Resources Inc:. *Stifel raises target price to $181 from $175; rating buy. Reuters Station users, click. 1568.
May 1- Franklin Resources Inc:. *Nomura raises target price to $163 from $147; rating neutral. Reuters Station users, click. 1568.
May 1- Franklin Resources Inc:. *KBW raises price target to $172 from $167. Reuters Station users, click. 1568.
*Invesco CEO sees early stage of "Great Rotation" into stocks. Franklin Resources, Invesco and Affiliated Managers Group reported strong customer net inflows with an increasing emphasis on stock funds, which typically carry higher fees and profit margins.
*Invesco CEO sees early stage of "Great Rotation" into stocks. Franklin Resources, Invesco and Affiliated Managers Group reported strong customer net inflows with an increasing emphasis on stock funds, which typically carry higher fees and profit margins.
April 30- Asset manager Franklin Resources Inc. For the three months ended March 31, Franklin Resources of San Mateo, California, reported net income of $572.8 million, or $2.69 per share, up from net income of $503.2 million, or $2.32 per share, for the same period a year earlier.
April 30- Asset manager Franklin Resources Inc on Tuesday said its fiscal second-quarter profit rose 14 percent on higher assets under management.
For the three months ended March 31, Franklin Resources of San Mateo, California, reported net income of $572.8 million, or $2.69 per share, up from net income of $503.2 million, or $2.32 per share, for the same period a year earlier.
April 30- Asset manager Franklin Resources Inc. on Tuesday said its second-quarter profit rose 14 percent on higher assets under management.
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April 15- Texas power company Energy Future Holdings, formerly known as TXU Corp, has proposed a prepackaged bankruptcy that would restructure $32 billion of debt, but no deal has been reached, the company said on Monday.
Net income for Franklin's fiscal first quarter through Dec. 31 totaled $516.1 million, or $2.42 per share, compared with $480.8 million, or $2.20 per share, a year earlier, the San Mateo, California- based firm said. Investors lauded the results, sending shares of Franklin up $2.09, or 1.5 percent, to $138.97 on the New York Stock Exchange.
Feb 1- Money manager Franklin Resources Inc, which runs the Franklin and Templeton funds, said on Friday that its quarterly profit rose 7 percent, even though additional customer investments slowed.
Net income for Franklin's fiscal first quarter ended Dec. 31 totaled $516.1 million, or $2.42 per share, compared with $480.8 million, or $2.20 per share, for the same period a year earlier, the San Mateo, California- based firm said.
BOSTON, Nov 28- London- based insurer Old Mutual Plc is likely to follow its Dutch competitor ING Groep NV and move to take its U.S. money management unit public, analysts said, as tighter capital rules in Europe loom for the industry. Old Mutual has said it is studying an IPO for the unit, which counts institutional investors as its main customers.