BlackRock: Q3 Earnings Snapshot – WTOP News
- On Wednesday, New York-based BlackRock reported third-quarter profit of $1.66 billion, posting revenue of $7.75 billion that exceeded Street forecasts for the period.
- Driven by higher management fees, BlackRock's assets under management climbed to $15.49 trillion, rising from $13.46 trillion a year earlier.
- Profit rose to $10.57 per share from $8.43 a year earlier, while adjusted earnings reached $15.93 per share; shares of the firm rose 3.1% in premarket trading.
- Despite the firm's recent financial gains, shares of BlackRock have declined roughly 8% in the last 12 months, while the benchmark index has risen 14% this year.
- Asset managers navigate a volatile environment this year due to shifting trade policies and surging oil prices from the Iran war, though unrelenting rallies in AI-focused stocks bolster markets even as the Federal Reserve tightens.
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The world's largest asset manager, BlackRock, significantly increased its profit in the third quarter of this year thanks to higher management fees, while the value of assets under management rose to a new historical high, CNBC reported. We will also cover similar topics at our Portfolio Investment Day conference on October 21. One of the biggest investment events of the year is coming, where professional experts will tell you what is worth inve…
BlackRock attracts $205 billion in Q3 as assets hit record $15.5 trillion, earnings beat estimates
The world's largest asset manager reported a 19% jump in revenue and adjusted earnings of $15.93 per share, beating Wall Street estimates, as ETF inflows reached $135 billion in the third quarter.
BlackRock: Q3 Earnings Snapshot – WTOP News
NEW YORK (AP) — NEW YORK (AP) — BlackRock, Inc. (BLK) on Wednesday reported third-quarter profit of $1.66 billion. On a per-share basis, the New York-based company said it had profit of $10.57. Earnings, adjusted for non-recurring costs and amortization costs, were $15.93 per share. The results exceeded Wall Street expectations. The average estimate of...
BlackRock released a third quarter profit jump this Wednesday, as the world's largest asset manager raised higher commissions with the management of customer funds. The company's shares rose almost 4% in pre-market negotiations. BlackRock's profit rose to $1.66 billion, or $10.57 per share, [...]
American Blackrock, the world's largest asset manager, rose nearly 4 percent in Wednesday's American pre-market trading after an interim report showing that the company's managed capital has risen by 15 percent compared to a year ago.
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