Larry Fink's gamble on Barclays' iShares ETF business has proven to be one of the greatest financial investments of all time.
Financial stocks to watch after reporting earnings today.
While the top- and bottom-line numbers for BlackRock (BLK) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Investment firm BlackRock Inc (NYSE:BLK) stock was last seen down 0.3% to trade at $826.03, brushing off a second-quarter earnings beat after the company also reported a revenue miss.
Proving the old stock market adage that it is often better to travel than arrive, shares in BlackRock Inc (NYSE:BLK) held firm in early trade and after what looked like a solid set of quarterly figures. A 4% rise in the five days up the results largely price surprise news in the figures.
Higher revenues driven by robust AUM balance growth and strong market performance support BlackRock's (BLK) Q2 earnings.
BlackRock (BLK) reported a record $10.6 trillion in assets under management (AUM) in its second-quarter earnings report Monday, as profits and revenue rose year-over-year.
BlackRock (BLK) came out with quarterly earnings of $10.36 per share, beating the Zacks Consensus Estimate of $9.96 per share. This compares to earnings of $9.28 per share a year ago.
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BlackRock, Inc. BLK will release its second quarter financial results, before the opening bell on Monday, July 15.
BlackRock is a leading asset management firm with strong revenue growth potential through AUM expansion and performance fees in hot markets. Valuation analysis suggests a fair value for BlackRock's share price, with upside potential in a hot market but risks from market downturns and rising competition. While BlackRock's growth is priced in, its differentiation, data capabilities, and diversification efforts make it a strong hold.
BlackRock (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.