FRANKLIN’S STOCK NOT LOOKING HEALTHY, WEALTHY AND WISE: FUND FIRM’S SHARES OFF 26%, EARNINGS OUTLOOK FLAT, AND RECORD LAYOFFS ARE PLANNED
Franklin Resources Inc., the largest listed mutual fund company, is starting to look like something Wall Street bully…
Franklin Resources Inc., the largest listed mutual fund company, is starting to look like something Wall Street bully Michael Price would enjoy shaking up.
It ranks fifth in mutual fund assets under management with $171.6 billion. Franklin, whose name is practically synonymous with bond portfolios,
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