Blackrock Stock Rises After Earnings Beat. What Larry Fink is Saying About Growth.

Dow Jones07-15 20:19

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

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

July 15, 2026 08:19 ET (12:19 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment