Franklin Resources Inc saw its fiscal second quarter earnings drop 11%, marking this the first decrease in three years. The
The firm's net income went down to $196.5 million in the quarter ending March 31 from $221.3 million in same period a year earlier.
Rival asst management firms, including
"This was a slower quarter, but we don't think that it is indicative of the future," said Paul Welch, an analyst at Chicago-based
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