Custody Bank Stocks Post Strong Q1, Franklin Resources Leads with 11.8% Revenue Beat

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

Custody bank stocks tracked by the publication delivered a strong first quarter, with aggregate revenues beating analyst consensus estimates by 2.5%. Among the 16 companies monitored, Franklin Resources stood out as the best performer, reporting revenues of $2.29 billion, up 8.7% year on year and exceeding expectations by 11.8%, while also beating EPS and AUM estimates. T. Rowe Price posted revenues of $1.86 billion, a 4.8% increase that fell 1% short of expectations, though it beat on EPS. State Street recorded a 15.6% revenue jump to $3.80 billion, topping forecasts by 3.3%, and Voya Financial delivered the largest beat among peers with a 15.4% upside on revenues of $1.93 billion. Hamilton Lane was the slowest, with revenues declining 2.2% to $193.6 million, missing estimates by 3.4%. Share prices across the group have held steady, rising an average of 4.8% since the latest earnings results.

Impact on stocks 5

Financials± Mixed · 3 stocks
Hamilton Lane Inc
HLNE
▼ NegativeCapitalrelevance

Hamilton Lane's revenues declined 2.2% to $193.6M, missing estimates by 3.4%.

T. Rowe Price Group Inc
TROW
± MixedCapitalrelevance

T. Rowe Price posted revenues of $1.86B, a 4.8% increase that fell 1% short of expectations, though it beat on EPS.

Voya Financial Inc
VOYA
▲ PositiveCapitalrelevance

Voya Financial delivered the largest beat among peers with a 15.4% upside on revenues of $1.93B.

Digital Finance & Tokenization · 2 stocks
Franklin Resources Inc
BEN
▲ PositiveCapitalrelevance

Franklin Resources reported revenues of $2.29B, beating estimates by 11.8%, and also beat EPS and AUM estimates.

State Street Corp
STT
▲ PositiveCapitalrelevance

State Street recorded a 15.6% revenue jump to $3.80B, topping forecasts by 3.3%.