The 10 Worst-Performing Stocks on Monday

6. Franklin Resources Inc. (NYSE:BEN)

Shares of Franklin Resources tumbled by 6.83 percent on Monday to end at $20.72 apiece as investors resorted to profit-taking following gains on Friday, thanks to its better-than-expected fourth-quarter earnings performance.

During the quarter ending December 2024, Franklin Resources said it swung to a net income of $163.6 million from a net loss of $84.7 million during the third quarter of 2024.

However, the gains in share price were short-lived, as investors remained cautious due to a notable decline in net income compared to the $251.3 million reported in the same period last year.

Operating income was at $219 million during the period, as compared with an operating loss of $150.7 million for the previous quarter and operating income of $206.5 million in the same period last year.

Revenues were also higher at $2.25 billion than the analysts’ consensus of $1.71 billion.