NYSE:BENCapital Markets
Franklin Resources (BEN): Assessing Valuation After Sector Rally Triggered by Powell’s Jackson Hole Comments
The latest surge in Franklin Resources (BEN) has likely grabbed the attention of investors watching for shifts in the financial sector. The catalyst behind this move was Fed Chair Jerome Powell’s unexpectedly dovish speech at the Jackson Hole symposium, where he acknowledged the possibility of upcoming interest rate cuts. While Franklin Resources itself did not announce any transformative company news, Powell’s remarks kickstarted a broad relief rally in financial stocks, including BEN.
This...