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Updated · MarketWatch · May 8Franklin Resources shares rally and outperform competitors
9 articles · Updated · MarketWatch · May 8
- The stock rose 1.74% to $31.05 on Friday, while the S&P 500 gained 0.84% and the Dow added 0.02%.
- Franklin Resources finished 1.24% below its 52-week high of $31.44, reached on 6 May.
- It beat peers including BlackRock and Goldman Sachs, though trading volume of 3.0 million stayed well below its 50-day average of 5.5 million.
In a market shaken by global tensions, what is the secret to Franklin Resources' surprising success? Franklin Resources is rallying, so why do most analysts predict its stock price will actually fall from here? Can Franklin’s big bet on crypto and AI help it win against giants like BlackRock and Goldman Sachs?