BlackRock assets, profits sink as investors pull funds [Reuters]
BlackRock, Inc. (BLK)
Last blackrock, inc. earnings: 4/16 06:02 am
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Source: Reuters
BlackRock assets, profits sink as investors pull funds (Reuters) - The world’s biggest asset manager BlackRock Inc ( BLK.N ) saw the capital it manages fall by almost $1 trillion in the first quarter as investors pulled money out of its marquee funds amid the most damaging stock market selloff in more than a decade. The company, a huge figure on global financial markets, reported a 23% drop in quarterly profit on Thursday, as investors preferred cash management services, while costs rose. The company ended the first quarter with $6.47 trillion in assets under management, down from $7.43 trillion in the final quarter of 2019. BlackRock's operating expenses surged 43% to $3.03 billion. ( bit.ly/34Kd6ID ) The New York-based company’s net income fell to $806 million, or $5.15 per share, in the first quarter ended March 31, from $1.05 billion, or $6.61 per share, a year earlier. The economic fallout of the coronavirus pandemic hammered global financial markets in the first quarter and so
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BLK
News
- BlackRock to Change Primary Listing Venue for Four iShares ETFsBusiness Wire
- BlackRock: Q4 Shows This Giant's Growth Is Far From Over [Seeking Alpha]Seeking Alpha
- BlackRock, Inc. (BLK) to Invest $333.6M in India's Aditya Birla Renewables Limited [Yahoo! Finance]Yahoo! Finance
- BlackRock (NYSE:BLK) was given a new $1,280.00 price target on by analysts at UBS Group AG.MarketBeat
- BlackRock (NYSE:BLK) had its price target raised by analysts at Keefe, Bruyette & Woods from $1,310.00 to $1,340.00. They now have an "outperform" rating on the stock.MarketBeat
BLK
Earnings
- 1/16/26 - Beat
BLK
Sec Filings
- 1/16/26 - Form 144
- 1/16/26 - Form 8-K
- 1/15/26 - Form 8-K
- BLK's page on the SEC website