Franklin Resources Inc (BEN) Price

Franklin Resources Climbs as DOJ Ends Western Asset Probe

Franklin Resources' stock, up 17% YTD, saw a positive development as the DOJ closed its probe into the company's Western Asset subsidiary without charges.

DOJ Clears Franklin Templeton Unit in Trading Probe

The U.S. Department of Justice has closed its investigation into Franklin Templeton's subsidiary, Western Asset Management, without filing charges. The inquiry centered on allegations of a "cherry-picking" trading scheme, and its resolution removes significant legal and reputational risk for the parent company.

JPMorgan Signals Higher Costs, Deepens Blockchain Push

JPMorgan Chase & Co. stock faced pressure after management forecasted 2026 expenses to reach approximately $105 billion, exceeding analyst expectations. However, the bank also signaled stronger-than-expected Q4 revenue in key divisions and executed a landmark commercial paper issuance on the Solana public blockchain, underscoring its dual strategy of aggressive investment and technological innovation.

JPMorgan Launches Tokenized Fund, Signals Institutional Shift

JPMorgan Chase has launched its My OnChain Net Yield Fund (MONY), a tokenized money-market fund for institutional clients, signaling deeper integration of blockchain technology by major Wall Street firms amid clarifying U.S. regulations.

Klarna Partners With Stripe For Crypto Wallet

Klarna is partnering with Stripe-owned Privy to launch a simplified crypto wallet, aiming to drive mainstream adoption by integrating digital assets into its existing financial ecosystem. The move reflects a broader industry trend of fintech and technology giants embedding Web3 functionalities.

Asset Managers Embrace M&A to Fuel Future Growth

Asset management giants Franklin Resources and T. Rowe Price are pursuing aggressive acquisition and partnership strategies to gain a competitive edge. Both firms are expanding their platforms beyond traditional asset management, signaling a broader industry shift toward technological integration and alternative investments.

Franklin Resources Stock Underperforms Broader Market Despite Positive Earnings Reports