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BlackRock Stock Rises as Firm Sets Record for Assets Under Management
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Main points
- BlackRock’s assets under management increased 15% year-on-year to $11.55 trillion.
- The asset manager beat earnings and revenue estimates in the same period.
- CEO Larry Fink noted that this was BlackRock’s second consecutive quarter of record inflows.
BlackRock (black) shares rose 4% on Wednesday morning after the asset manager reported better-than-expected quarterly results. Assets under management (AUM).
The company reported fourth-quarter adjusted Earnings per share (EPS) US$11.93, a year-on-year increase of 23%. Revenue also rose 23% to $5.68 billion. Both topped consensus estimates of analysts polled by Visible Alpha.
Assets under management soared 15% to $11.55 trillion. Total net inflows nearly tripled to $281.4 billion. Among them, long-term net inflows accounted for US$200.7 billion, of which US$142.6 billion were inflows. Exchange Traded Funds (ETFs).
BlackRock posts record inflows for second consecutive quarter
CEO Larry Fink noted that this was BlackRock’s second consecutive quarter of record inflows. Fink said client activity boomed during the period, “resulting in organic underlying expense growth of 7% and technical services growth of 12% ACV grow. ”
Fink added that the company “enters 2025 with greater potential for growth and upside than ever before. This is just the beginning.”
BlackRock’s shares have increased by about a quarter in the last year.
trading view
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