BlackRock stock was rising early Wednesday after the company reported earnings and assets under management ahead of expectations for the second quarter.
BlackRock reported second-quarter adjusted net income of $2.29 billion, up 22% from the prior year, while assets under management rose 22% to $15.34 trillion.
BlackRock shares were up 3.5% in premarket trading.
"Market fundamentals are strong and well supported, with higher margins and earnings momentum catalyzed by new technology," said BlackRock CEO Larry Fink in a statement. "Flows in the first six months of 2026 more than doubled year-over-year."
The New York-based asset-management firm, the world's largest, was echoing the upbeat message delivered about the U.S. markets by big banks this week.
"Our momentum is accelerating, and I've never been more optimistic about the growth ahead," Fink said.
BlackRock revenue rose 31% to $7.08 billion , beating analysts' consensus expectation of $6.73 billion.
On a per-share basis, the company reported adjusted earnings of $13.91, rising 15% from the same period a year earlier and ahead of estimates of $12.69.
Write to Adam Clark at adam.clark@barrons.com
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(END) Dow Jones Newswires
July 15, 2026 08:19 ET (12:19 GMT)
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