The pandemic benefited BlackRock
Another day, another financial report. Today, the most significant asset management company in the world released its Q2 earnings.
BlackRock posted stronger-than-expected Q2 earnings, with an EPS of $7.85, 22.5% higher than the one reported last year. The net income came at $1.21 billion, outperforming the economists' consensus of $6.97 EPS.
The company’s revenues gained 3.7% and hit $3.65 billion. Simultaneously, the income from assets under management reached $7.32 trillion – a 7% increase compared to last year's figures.
The fixed income inflow came roughly at $60.3 billion, and another $24.2 billion in equities.
Globally, the asset management and technology platform brought a net inflow off $100 billion.
During pre-market trading, the stock increased by 0.53%. Overall, it gained 13.2%.
Sources: thestreet.com, reuters.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.