BlackRock, Inc. (NYSE:BLK ) Q2 2024 Earnings Conference Call October 11, 2024 7:30 AM ET Company Participants Christopher J. Meade - General Counsel Laurence D.
BlackRock Inc (NYSE:BLK) reported that its assets under management (AUM) hit a record $11.5 trillion during the third quarter, sending the firm's shares higher on Friday. AUM grew by $2.4 billion year-over-year, driven by $456 billion of net inflows and positive market movements, the asset management firm said.
A strong AUM balance and higher revenues support BLK's Q3 earnings, while a rise in total expenses acts as a spoilsport.
Larry Fink, BlackRock CEO and chairman, joins CNBC's 'Squawk on the Street' to discuss his firm's third-quarter earnings beat, how the growth of capital markets is driving its strategy, and more.
Although the revenue and EPS for BlackRock Finance (BLK) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
BlackRock brought in $221 billion in net inflows in the third quarter, the most in its history. The world's largest asset manager, though, is focused on growing its private markets business.
BlackRock Finance (BLK) came out with quarterly earnings of $11.46 per share, beating the Zacks Consensus Estimate of $10.42 per share. This compares to earnings of $10.91 per share a year ago.
Blackrock's assets under management were boosted by a surge in inflows driven by billions pouring in from exchange-traded-funds
BlackRock's assets under management hit a record high for the third straight quarter on Friday, helped by surging inflows to the company's exchange-traded funds and a searing equity rally that boosted the value of its clients' investments.
BlackRock, Inc. BLK will release earnings results for its third quarter, before the opening bell on Friday, Oct. 11.
BlackRock Finance (BLK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.