Subtext

Franklin Resources, Inc. BEN

SectorFinancials
Transcripts70
Date range2007-10-25 – 2025-05-02
Calls charted70

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-20-10+0+10+202007 Q42010 Q12012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42007 Q4 · Overall: +0.42008 Q1 · Overall: -0.82008 Q2 · Overall: -3.22008 Q3 · Overall: -0.72008 Q4 · Overall: -0.12009 Q1 · Overall: -4.82009 Q2 · Overall: -1.22009 Q3 · Overall: +2.62009 Q4 · Overall: +4.52010 Q1 · Overall: -1.02010 Q2 · Overall: -0.72010 Q4 · Overall: -1.82011 Q1 · Overall: +2.02011 Q2 · Overall: +3.52011 Q3 · Overall: +8.82011 Q4 · Overall: -4.92012 Q1 · Overall: -0.22012 Q2 · Overall: +14.92012 Q3 · Overall: +4.92012 Q4 · Overall: -1.22013 Q1 · Overall: +5.12013 Q2 · Overall: +17.52013 Q3 · Overall: -0.62013 Q4 · Overall: +2.12014 Q1 · Overall: +6.42014 Q2 · Overall: +1.82014 Q3 · Overall: +9.52014 Q4 · Overall: +8.42015 Q1 · Overall: +2.82015 Q2 · Overall: +0.92015 Q3 · Overall: +5.62015 Q4 · Overall: -3.22016 Q1 · Overall: -0.62016 Q2 · Overall: -5.22016 Q3 · Overall: +1.52016 Q4 · Overall: -0.12017 Q1 · Overall: -2.12017 Q2 · Overall: +0.32017 Q3 · Overall: +4.32017 Q4 · Overall: -1.02018 Q1 · Overall: +0.82018 Q2 · Overall: -1.52018 Q3 · Overall: +5.42018 Q4 · Overall: +6.52019 Q1 · Overall: -1.02019 Q2 · Overall: +8.62019 Q3 · Overall: +5.92019 Q4 · Overall: +3.32020 Q1 · Overall: +7.22020 Q2 · Overall: +3.42020 Q3 · Overall: +6.72020 Q4 · Overall: +10.72021 Q1 · Overall: +11.12021 Q2 · Overall: +11.12021 Q3 · Overall: +9.42021 Q4 · Overall: +12.42022 Q1 · Overall: +14.62022 Q2 · Overall: +8.52022 Q3 · Overall: +8.32022 Q4 · Overall: +11.82023 Q1 · Overall: +1.72023 Q2 · Overall: +12.22023 Q3 · Overall: +9.22023 Q4 · Overall: +10.12024 Q1 · Overall: +3.62024 Q2 · Overall: +6.22024 Q3 · Overall: +16.22024 Q4 · Overall: +8.62025 Q1 · Overall: +11.32025 Q2 · Overall: +8.6
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-31-16+0+16+312007 Q42010 Q12012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42007 Q4 · CEO: +2.32008 Q1 · CEO: +6.72008 Q2 · CEO: +1.22008 Q3 · CEO: +2.62008 Q4 · CEO: +2.02009 Q1 · CEO: +1.62009 Q2 · CEO: +11.52009 Q3 · CEO: +7.72009 Q4 · CEO: +7.52010 Q1 · CEO: +7.72010 Q2 · CEO: +1.42010 Q4 · CEO: +5.12011 Q1 · CEO: +5.62011 Q2 · CEO: +6.72011 Q3 · CEO: +16.52011 Q4 · CEO: +1.22012 Q1 · CEO: +2.92012 Q2 · CEO: +17.22012 Q3 · CEO: +10.22012 Q4 · CEO: +4.02013 Q1 · CEO: +5.92013 Q2 · CEO: +24.12013 Q3 · CEO: +4.82013 Q4 · CEO: +7.12014 Q1 · CEO: +9.92014 Q2 · CEO: +4.62014 Q3 · CEO: +19.02014 Q4 · CEO: +13.32015 Q1 · CEO: +7.32015 Q2 · CEO: +7.32015 Q4 · CEO: +4.62016 Q1 · CEO: +1.52016 Q2 · CEO: +2.52016 Q3 · CEO: +5.92016 Q4 · CEO: +3.02017 Q1 · CEO: -1.42017 Q2 · CEO: +4.72017 Q3 · CEO: +7.02017 Q4 · CEO: +1.82018 Q1 · CEO: +6.32018 Q2 · CEO: -1.22018 Q3 · CEO: +11.32018 Q4 · CEO: +10.62019 Q1 · CEO: +3.12019 Q2 · CEO: +10.72019 Q3 · CEO: +10.42019 Q4 · CEO: +16.82020 Q1 · CEO: +12.72020 Q2 · CEO: +10.32020 Q3 · CEO: +12.22020 Q4 · CEO: +27.02021 Q1 · CEO: +16.22021 Q2 · CEO: +10.02021 Q3 · CEO: +15.82021 Q4 · CEO: +21.52022 Q1 · CEO: +17.92022 Q2 · CEO: +14.32022 Q3 · CEO: +13.02022 Q4 · CEO: +18.32023 Q2 · CEO: +16.62023 Q3 · CEO: +16.22023 Q4 · CEO: +17.02024 Q3 · CEO: +19.82024 Q4 · CEO: +14.12025 Q1 · CEO: +11.52025 Q2 · CEO: +12.52007 Q4 · CFO: +4.62008 Q1 · CFO: -3.52008 Q2 · CFO: -4.92008 Q3 · CFO: -2.52008 Q4 · CFO: +2.02009 Q1 · CFO: -5.52009 Q2 · CFO: -5.42009 Q3 · CFO: +11.02009 Q4 · CFO: +3.02010 Q1 · CFO: -3.92010 Q2 · CFO: -12.72010 Q4 · CFO: +3.02011 Q1 · CFO: +8.42011 Q2 · CFO: +0.02011 Q3 · CFO: +3.12011 Q4 · CFO: -20.52012 Q1 · CFO: +2.02012 Q2 · CFO: +16.02012 Q3 · CFO: +2.52012 Q4 · CFO: -2.62013 Q1 · CFO: +13.42013 Q2 · CFO: +11.02013 Q3 · CFO: +3.32013 Q4 · CFO: +3.92014 Q1 · CFO: +3.12014 Q2 · CFO: +2.82014 Q3 · CFO: -0.82014 Q4 · CFO: +5.02015 Q1 · CFO: -1.42015 Q2 · CFO: -7.42015 Q4 · CFO: -7.32016 Q1 · CFO: +0.02016 Q4 · CFO: +6.32017 Q1 · CFO: +1.32017 Q3 · CFO: -4.82017 Q4 · CFO: +1.12018 Q1 · CFO: +5.22018 Q2 · CFO: +4.32018 Q3 · CFO: +1.72018 Q4 · CFO: -2.22019 Q1 · CFO: +8.12019 Q2 · CFO: +7.72019 Q3 · CFO: +2.72019 Q4 · CFO: +4.92020 Q1 · CFO: +11.52020 Q2 · CFO: +1.62020 Q3 · CFO: +4.12021 Q1 · CFO: +7.82021 Q2 · CFO: +22.82021 Q3 · CFO: +9.52021 Q4 · CFO: +8.62022 Q1 · CFO: +15.12022 Q2 · CFO: -2.82022 Q3 · CFO: +6.42022 Q4 · CFO: +4.42023 Q1 · CFO: +5.52023 Q2 · CFO: +3.42023 Q3 · CFO: -1.12023 Q4 · CFO: +2.62024 Q1 · CFO: -1.42024 Q2 · CFO: -2.92024 Q3 · CFO: +13.32024 Q4 · CFO: +4.62025 Q1 · CFO: +12.3
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-57-28+0+28+572007 Q42010 Q12012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42007 Q4 · Prepared remarks: +10.12008 Q1 · Prepared remarks: +10.32008 Q2 · Prepared remarks: +0.02008 Q3 · Prepared remarks: +4.52008 Q4 · Prepared remarks: -6.02009 Q1 · Prepared remarks: -3.32009 Q2 · Prepared remarks: +26.72009 Q3 · Prepared remarks: -2.72009 Q4 · Prepared remarks: +21.12010 Q1 · Prepared remarks: +14.02010 Q2 · Prepared remarks: +27.02010 Q4 · Prepared remarks: +21.52011 Q1 · Prepared remarks: +28.92011 Q2 · Prepared remarks: +41.32011 Q3 · Prepared remarks: +10.02011 Q4 · Prepared remarks: +29.02012 Q1 · Prepared remarks: +0.02012 Q2 · Prepared remarks: +16.72012 Q3 · Prepared remarks: +5.72012 Q4 · Prepared remarks: +40.42013 Q1 · Prepared remarks: +35.42013 Q2 · Prepared remarks: +18.72013 Q3 · Prepared remarks: +49.42013 Q4 · Prepared remarks: +18.32014 Q1 · Prepared remarks: +7.12014 Q2 · Prepared remarks: +10.52014 Q3 · Prepared remarks: +10.32014 Q4 · Prepared remarks: +9.42015 Q1 · Prepared remarks: -11.22015 Q2 · Prepared remarks: +35.72015 Q3 · Prepared remarks: +6.52015 Q4 · Prepared remarks: +2.52016 Q1 · Prepared remarks: +8.42016 Q2 · Prepared remarks: +42.02016 Q3 · Prepared remarks: +16.42016 Q4 · Prepared remarks: +6.02017 Q1 · Prepared remarks: +32.82017 Q2 · Prepared remarks: +20.42017 Q3 · Prepared remarks: +19.02017 Q4 · Prepared remarks: +8.92018 Q1 · Prepared remarks: +13.12018 Q2 · Prepared remarks: +7.32018 Q3 · Prepared remarks: +7.52018 Q4 · Prepared remarks: +29.52019 Q1 · Prepared remarks: +10.22019 Q2 · Prepared remarks: +21.02019 Q3 · Prepared remarks: +19.62019 Q4 · Prepared remarks: +21.32020 Q1 · Prepared remarks: +23.32020 Q2 · Prepared remarks: +18.82020 Q3 · Prepared remarks: +49.22020 Q4 · Prepared remarks: +26.32021 Q1 · Prepared remarks: +27.92021 Q2 · Prepared remarks: +19.22021 Q3 · Prepared remarks: +23.32021 Q4 · Prepared remarks: +17.02022 Q1 · Prepared remarks: +20.22022 Q2 · Prepared remarks: +14.12022 Q3 · Prepared remarks: +13.52022 Q4 · Prepared remarks: +13.52023 Q1 · Prepared remarks: +0.02023 Q2 · Prepared remarks: +20.42023 Q3 · Prepared remarks: +24.62023 Q4 · Prepared remarks: +16.62024 Q1 · Prepared remarks: +0.02024 Q2 · Prepared remarks: -5.92024 Q3 · Prepared remarks: +24.42024 Q4 · Prepared remarks: +12.42025 Q1 · Prepared remarks: +16.82025 Q2 · Prepared remarks: +7.82007 Q4 · Q&A responses: -1.32008 Q1 · Q&A responses: -2.62008 Q2 · Q&A responses: -1.52008 Q3 · Q&A responses: -1.72008 Q4 · Q&A responses: +6.62009 Q1 · Q&A responses: -0.62009 Q2 · Q&A responses: +1.42009 Q3 · Q&A responses: +9.52009 Q4 · Q&A responses: +5.72010 Q1 · Q&A responses: +4.92010 Q2 · Q&A responses: -0.32010 Q4 · Q&A responses: +3.32011 Q1 · Q&A responses: +5.32011 Q2 · Q&A responses: +4.72011 Q4 · Q&A responses: -3.32012 Q1 · Q&A responses: +5.22012 Q4 · Q&A responses: +0.42013 Q1 · Q&A responses: +7.22013 Q3 · Q&A responses: +3.42013 Q4 · Q&A responses: +4.92014 Q2 · Q&A responses: +3.72015 Q1 · Q&A responses: +5.92015 Q2 · Q&A responses: +3.62015 Q4 · Q&A responses: +2.42016 Q1 · Q&A responses: +0.72016 Q2 · Q&A responses: -2.92016 Q3 · Q&A responses: +4.22016 Q4 · Q&A responses: +4.32017 Q1 · Q&A responses: -0.22017 Q2 · Q&A responses: +2.42017 Q3 · Q&A responses: +4.42017 Q4 · Q&A responses: +1.42018 Q1 · Q&A responses: +5.32018 Q2 · Q&A responses: -0.82018 Q3 · Q&A responses: +8.72018 Q4 · Q&A responses: +6.42019 Q1 · Q&A responses: +0.72019 Q2 · Q&A responses: +9.42019 Q3 · Q&A responses: +8.12019 Q4 · Q&A responses: +7.42020 Q1 · Q&A responses: +11.12020 Q2 · Q&A responses: +4.72020 Q3 · Q&A responses: +6.22020 Q4 · Q&A responses: +10.12021 Q1 · Q&A responses: +11.12021 Q2 · Q&A responses: +10.22021 Q3 · Q&A responses: +9.42021 Q4 · Q&A responses: +15.02022 Q1 · Q&A responses: +16.22022 Q2 · Q&A responses: +8.12022 Q3 · Q&A responses: +9.82022 Q4 · Q&A responses: +12.42023 Q1 · Q&A responses: +7.22023 Q2 · Q&A responses: +11.52023 Q3 · Q&A responses: +7.22023 Q4 · Q&A responses: +7.82024 Q1 · Q&A responses: +5.42024 Q2 · Q&A responses: +10.02024 Q3 · Q&A responses: +14.92024 Q4 · Q&A responses: +7.92025 Q1 · Q&A responses: +11.32025 Q2 · Q&A responses: +12.8
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.77$3.00$4.242007 Q42010 Q12012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42014 Q1: $3.962014 Q2: $4.002014 Q3: $4.072014 Q4: $3.942015 Q1: $3.772015 Q2: $3.832015 Q3: $3.472015 Q4: $3.092016 Q1: $2.812016 Q2: $2.772016 Q3: $2.732016 Q4: $2.702017 Q1: $2.682017 Q2: $2.872017 Q3: $2.902017 Q4: $2.932018 Q1: $3.312018 Q2: $3.222018 Q3: $3.072018 Q4: $2.822019 Q1: $2.452019 Q2: $2.682019 Q3: $2.682019 Q4: $2.532020 Q1: $2.282020 Q2: $1.942020 Q3: $2.592020 Q4: $2.772021 Q1: $3.102021 Q2: $3.372021 Q3: $3.512021 Q4: $3.632022 Q1: $3.732022 Q2: $3.442022 Q3: $3.022022 Q4: $2.552023 Q1: $2.522023 Q2: $2.492023 Q3: $2.612023 Q4: $2.422024 Q1: $2.722024 Q2: $2.712024 Q3: $2.662024 Q4: $2.46

Forward P/E

6.1811.4716.772007 Q42010 Q12012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42014 Q1: 13.022014 Q2: 14.532014 Q3: 13.712014 Q4: 13.892015 Q1: 14.122015 Q2: 13.272015 Q3: 11.412015 Q4: 11.692016 Q1: 13.372016 Q2: 11.942016 Q3: 12.892016 Q4: 14.572017 Q1: 16.042017 Q2: 15.412017 Q3: 14.482017 Q4: 14.922018 Q1: 11.742018 Q2: 10.362018 Q3: 10.572018 Q4: 10.312019 Q1: 13.382019 Q2: 12.632019 Q3: 10.992019 Q4: 10.312020 Q1: 8.682020 Q2: 11.612020 Q3: 8.132020 Q4: 8.922021 Q1: 9.752021 Q2: 10.042021 Q3: 9.132021 Q4: 9.522022 Q1: 7.462022 Q2: 6.912022 Q3: 8.132022 Q4: 10.642023 Q1: 10.672023 Q2: 10.812023 Q3: 9.932023 Q4: 11.392024 Q1: 10.232024 Q2: 8.282024 Q3: 7.672024 Q4: 8.25

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q2 tone ↓ -4.6 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↑ +4.7 fwd EPS ↓ -0.36 Tone rose while the forward EPS estimate was cut.
  • 2016 Q1 tone ↑ +2.6 fwd EPS ↓ -0.28 Tone rose while the forward EPS estimate was cut.
  • 2016 Q3 tone ↑ +6.7 fwd EPS ↓ -0.04 Tone rose while the forward EPS estimate was cut.
  • 2018 Q3 tone ↑ +6.9 fwd EPS ↓ -0.15 Tone rose while the forward EPS estimate was cut.
  • 2020 Q1 tone ↑ +3.9 fwd EPS ↓ -0.25 Tone rose while the forward EPS estimate was cut.
  • 2022 Q4 tone ↑ +3.5 fwd EPS ↓ -0.47 Tone rose while the forward EPS estimate was cut.
  • 2023 Q2 tone ↑ +10.5 fwd EPS ↓ -0.03 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↓ -2.9 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -6.5 fwd EPS ↑ +0.30 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↑ +10.0 fwd EPS ↓ -0.04 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q22025-05-02+8.6——View →
2025 Q12025-01-31+11.3——View →
2024 Q42024-11-04+8.6$2.468.2View →
2024 Q32024-07-26+16.2$2.667.7View →
2024 Q22024-04-29+6.2$2.718.3View →
2024 Q12024-01-29+3.6$2.7210.2View →
2023 Q42023-10-31+10.1$2.4211.4View →
2023 Q32023-07-28+9.2$2.619.9View →