Blackrock bags record inflows and CEO Fink says M&A means 'this is just the beginning'
Shares in BlackRock Inc (NYSE:BLK) climbed 5% in early trading on Wednesday after the giant asset manager reported results that benefitted from its second record quarter of inflows in a row. The world's largest money manager scooped a record $641 billion of net inflows over the whole of 2024, including $281 billion in the fourth quarter.
BlackRock Q4 Beats Forecasts; Record AUM
Investment management giant BlackRock (BLK 3.55%) reported fourth-quarter and full-year earnings on Wednesday, Jan. 15, that topped analysts' consensus estimates on both top and bottom lines. BlackRock's adjusted earnings per share (EPS) for the quarter hit $11.93, rising 23.5% year over year.
BlackRock Finance (BLK) Reports Q4 Earnings: What Key Metrics Have to Say
The headline numbers for BlackRock Finance (BLK) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Larry Fink: Infrastructure will be the largest growing sector in private capital
BlackRock CEO Larry Fink discusses U.S. capital markets and the role he believes they will play in Western economies.
BlackRock CEO Larry Fink: Our job is to manage your money, your way
BlackRock CEO Larry Fink joins 'Squawk Box' to discuss the latest market trends, state of the economy, the company's decision to leave a net-zero group, investing on behalf of clients, and more.
BlackRock CEO Larry Fink: Infrastructure will be the largest growing sector in private capital
BlackRock CEO Larry Fink joins 'Squawk Box' to discuss the company's alternatives business, 3 company acquisitions in 2024, succession plans, and more.
BlackRock Finance (BLK) Beats Q4 Earnings and Revenue Estimates
BlackRock Finance (BLK) came out with quarterly earnings of $11.93 per share, beating the Zacks Consensus Estimate of $11.27 per share. This compares to earnings of $9.66 per share a year ago.
BlackRock CEO Larry Fink: Our penetration with clients worldwide gives us the differentiating model
BlackRock CEO Larry Fink joins 'Squawk Box' to discuss the company's quarterly earnings results, the factors driving company performance, his thoughts on the LA wildfires, and more.
BlackRock assets hit record $11.6 trillion in fourth quarter of 2024
BlackRock's assets hit a record high of $11.6 trillion in the fourth quarter of last year as the world's largest money manager posted a 21% profit jump, helped by fee income buoyed by stronger equity markets.
BlackRock expected to post booming earnings — as Larry Fink's firm shifts from woke investing of past
Red State treasurers still look at BlackRock's CEO Larry Fink with skepticism, but these days less so, and they've largely stopped castigating him as a woke monster.
The race to succeed Larry Fink just got a little more interesting as a top contender exits BlackRock
Mark Wiedman, a top BlackRock executive, is leaving the asset management firm. Wiedman was seen as a potential successor to CEO Larry Fink at BlackRock.
Mark Wiedman, a top BlackRock exec thought to be Fink's successor, is leaving the company
Wiedman, head of the global client business, was instrumental in driving BlackRock's growth in passive investing.
