BlackRock profit beats estimates on strong net inflows [Reuters]
BlackRock, Inc. (BLK)
Last blackrock, inc. earnings: 4/16 06:02 am
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Source: Reuters
BlackRock profit beats estimates on strong net inflows - Reuters 2 Min Read (Reuters) - BlackRock Inc beat analysts’ estimates for quarterly profit on Tuesday, as investors put money into its actively managed institutional and long-term funds. Total institutional fund net inflows rose nearly nine times to $29.12 billion in the first quarter, from a year ago. The company said it attracted total “long-term” net flows of $64.67 billion, up from $54.63 billion a year earlier. Calmer markets in the first quarter, compared to the year-ago period when volatility was boosted by U.S. tax cuts, encouraged more people to return to the markets, particularly after deep losses in December 2018. Total net inflows across all product-types were $64.67 billion, up 13.6 percent from a year earlier. BlackRock said its iShares-branded ETFs took in $30.69 billion in new money, compared with $81.40 billion in the fourth quarter. Net income attributable to BlackRock fell to $1.05 billion, or $6.61 per share,
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BLK
Earnings
- 4/12/24 - Beat
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Sec Filings
- 4/12/24 - Form 8-K
- 4/10/24 - Form PX14A6G
- 4/10/24 - Form PX14A6G
- BLK's page on the SEC website