BlackRock profit beats estimates as assets reach $9.49 trillion

Reuters2021-07-14

BlackRock Inc , the world's largest asset manager, reported a 28% jump in second-quarter profit on Wednesday that handily beat estimates as investors poured more money into the company's funds, boosting its assets under management to new highs.

The company's adjusted net income rose to $1.55 billion, or $10.03 per share, in the three months ended June 30, from $1.21 billion, or $7.85 per share, a year earlier.

Analysts on average had expected a profit of $9.46 per share, according to IBES data from Refinitiv.

Net inflows stood at $81 billion, driven by higher investments in BlackRock's various funds, including its exchange-traded funds.

BlackRock's bumper quarter saw its assets under management grow to a record $9.49 trillion from $7.32 trillion in the same quarter last year.

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Comments

RO8
2021-07-14
RO8
Rock on baby!!!
Andersonkana
2021-07-14
Andersonkana
Good
Bloy95
2021-07-14
Bloy95
Comment and like please
- aaalicia:
  Ok
- nuttywalnut:
  Like comment
冰眼
2021-07-14
冰眼
Good
- LewisLewis:
  Nice one likeback
Ahleepapa
2021-07-14
Ahleepapa
Sellllllll
ZacGoh
2021-07-14
ZacGoh
Nice

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