BlackRock Profits Rise 20% Despite Lower AUM With Lower Investor Confidence in Markets

BlackRock the world’s largest investment management company kicked off first quarter earnings on Tuesday with the largest money center bank JP Morgan. $BLK reported net income of $1.4 billion, or $9.35 a share, for the first quarter, up 20% from $1.2 billion in the same period a year earlier. The bearishness in the markets lowered the firm’s assets under management to $9.6 trillion. BlackRock Q1 2022 Q1 2022 earnings before the bell; conference call at 8:30 a.m. ET Tuesday Net … Continue reading “BlackRock Profits Rise 20% Despite Lower AUM With Lower Investor Confidence in Markets”

BlackRock Assets Under Management Over $10 Trillion as Earnings Rise 20% to $5.90 Billion For 2021

BlackRock (NYSE: BLK), the world’s largest investment management company kicked off fourth quarter earnings with the major money center banks. Q4 earnings rose 6% to $10.63 a share from $10.02 a share year earlier. Revenues rose 14% to $5.106 billion versus $4.5 billion. Net inflows rose to $211.7 billion, up from $126.9 billion the prior year. JPMorgan Chase (NYSE: JPM), Citigroup (NYSE:C) and Wells Fargo (NYSE: WFC) are also reporting on Friday. Investors look for insights into BLK, the market … Continue reading “BlackRock Assets Under Management Over $10 Trillion as Earnings Rise 20% to $5.90 Billion For 2021”