UPDATE 1-BlackRock profit beats as ETFs attract more investments [Reuters (UK)]
BlackRock, Inc. (BLK)
Last blackrock, inc. earnings: 4/16 06:02 am
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Source: Reuters
BlackRock profit beats as ETFs attract more investments | Reuters Reuters Staff 2 Min Read (Reuters) - BlackRock Inc ( BLK.N ) on Friday reported a better-than-expected quarterly profit, as the world’s biggest asset manager pulled in more money to its exchange-traded funds (ETFs). BlackRock’s profit was boosted by a $1.2 billion gain related to the recent enactment of the U.S. tax laws, and the company also raised its quarterly cash dividend by 15 percent. A healthy equity market helped BlackRock’s index-tracking ETFs to grow at a record pace in the fourth quarter ended Dec. 31. BlackRock said its iShares ETF business took in $54.8 billion in new money in the quarter, up from $49.3 billion a year earlier. The New York-based company’s net income surged to $2.3 billion, or $14.07 per share, from $851 million, or $5.13. per share, a year earlier. Excluding the benefit from the new tax law, BlackRock earned $6.24 per share. Analysts on an average expected the company to earn $6.04 per s
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BLK
Earnings
- 4/12/24 - Beat
BLK
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