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Stock impact report

BlackRock tops Q3 estimates as assets hit $13.5 trillion on record ETF inflows [Yahoo! Finance]

Blackrock Health Sciences Trust (BME) 
Company Research Source: Yahoo! Finance
The world's largest asset manager reported Q3 earnings of $11.55 per share, ahead of expectations of $11.31. Revenue surged 25% year-over-year to $6.51 billion, topping the consensus estimate of $6.29 billion, lifted by stronger markets, fees linked to the GIP and HPS transactions and higher technology and subscription income. Assets under management reached a record $13.46 trillion, supported by $205 billion in net inflows. BlackRock said its iShares ETFs delivered a record intake, helping drive 10% annualized organic base fee growth in the quarter, with additional contributions from private markets, outsourcing mandates, systematic strategies and cash products. Adjusted operating income rose 23% to $2.61 billion. CEO Laurence Fink said the inflows reflect the firm's “multiple sources of growth,” highlighting momentum in digital assets, private markets and ETF demand. He said BlackRock's expansion into technology and data analytics, combined with its public-private inves Show less Read more
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