Core Viewpoint - BlackRock's first-quarter 2025 adjusted earnings of $11.30 per share exceeded expectations, reflecting a 15% increase year-over-year, despite challenges in net income and revenue [1][3]. Financial Performance - Adjusted operating income rose 14% year-over-year to $2.03 billion, while net income on a GAAP basis decreased 4% to $1.51 billion [3][5]. - Revenues for the quarter were $5.28 billion, a 12% increase from the previous year, but fell short of the Zacks Consensus Estimate of $5.38 billion [4]. - Total expenses increased by 18% to $3.58 billion, driven by rising costs across all components [4]. Assets Under Management (AUM) - As of March 31, 2025, AUM reached a record high of $11.58 trillion, marking an 11% year-over-year increase, with long-term net inflows of $83 billion during the quarter [6]. - The average AUM for the quarter was $11.68 trillion, reflecting a 15% year-over-year rise [6]. Shareholder Actions - BlackRock repurchased shares worth $375 million during the reported quarter [7]. Strategic Initiatives - The company is diversifying its offerings through acquisitions, including Global Infrastructure Partners and Preqin, which are expected to strengthen its position as a global asset manager [8].

Gold hit another record high above $3,200 on Friday — and is a better way to protect against the ongoing market turmoil than Treasury bills, a BlackRock executive said. Wei Li, global chief investment strategist at the asset manager, wrote in a LinkedIn post on Thursday that higher exchange rates and "currency down" were abnormal. "Also not normal — risk off, #dollar and Treasuries down. I will keep saying it: #gold is a better diversifier than Treasuries in this environment of high debt."Fears over the lo ...

BlackRock's first client 37 years ago was Japanese. A majority of the $11. 6 trillion New York-based firm's employees are based internationally. The manager's risk platform Aladdin just signed its first Korean client. There are even plans to open a few more offices outside the US where the world's largest asset manager has a client base, CEO Larry Fink said Friday morning."BlackRock is a global firm, but one that operates hyper-locally," he said. In practice, this means "we are Mexican in Mexico, Canadian ...

BlackRock (BLK) came out with quarterly earnings of $11.30 per share, beating the Zacks Consensus Estimate of $10.25 per share. This compares to earnings of $9.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.24%. A quarter ago, it was expected that this investment firm would post earnings of $11.27 per share when it actually produced earnings of $11.93, delivering a surprise of 5.86%.Over the last four quarters, the comp ...

BlackRock, Inc BLK will release its first-quarter financial results before the opening bell on Friday, April 11.Analysts expect the company to report quarterly earnings at $10.21 per share, up from $9.81 per share in the year-ago period. BlackRock projects quarterly revenue of $5.31 billion, compared to $4.73 billion a year earlier, according to data from Benzinga Pro.BlackRock recently broadened its fixed-income lineup with two new target maturity ETFs. The iShares iBonds Dec 2035 Term Corporate ETF IBCA a ...

BlackRock (BLK) is slated to report first-quarter 2025 results on April 11, before the opening bell. Its quarterly revenues and earnings are expected to have improved year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.BLK’s fourth-quarter 2024 earnings surpassed the Zacks Consensus Estimate. Results benefited from a rise in revenues and impressive growth in assets under management (AUM). However, higher expenses and lower non-operating income were undermining factors.Bla ...

Enables Advisors to Meet Growing Demands for Portfolio Customization at Scale BERWYN, Pa. and LAS VEGAS, April 9, 2025 /PRNewswire/ -- Today, Envestnet announced at its Elevate conference in Las Vegas that it has gone live with BlackRock (NYSE: BLK) custom model portfolios for registered investment advisors (RIAs). The new offering provides RIAs with streamlined access to BlackRock's custom model capabilities, managed within a single account and powered by Envestnet's UMA technology. In addition to traditio ...

Core Viewpoint - BlackRock has adopted a cautious outlook on the U.S. stock market due to rising policy uncertainty that may hinder economic growth and stock performance [2][3]. Group 1: Investment Outlook - BlackRock has shifted its U.S. stock weighting from 'Overweight' to 'Neutral' for a three-month tactical horizon, reflecting a decision to reduce risk exposure amid heightened market uncertainty [3]. - The firm is lowering its exposure to Chinese equities while increasing its preference for short-term U.S. Treasuries, which are considered safer during potential market disruptions [4]. Group 2: Long-term Perspective - Despite short-term caution, BlackRock maintains a positive long-term view on American stocks, expecting the market to regain global leadership over time, supported by structural trends such as advancements in artificial intelligence [5]. - CEO Larry Fink indicated that a potential downturn in the stock market should be viewed as a buying opportunity, anticipating a market recovery [6]. Group 3: Market Sentiment - The recent sell-off in the stock market, attributed to trade tariffs, has led to a 2.5% increase in the S&P 500 as of the latest report [1]. - Goldman Sachs has also raised concerns about the stock market, suggesting that the recent sell-off could evolve into a long-lasting cyclical bear market, with recession risks estimated at a 45% chance [6].

Analysts on Wall Street project that BlackRock (BLK) will announce quarterly earnings of $10.69 per share in its forthcoming report, representing an increase of 9% year over year. Revenues are projected to reach $5.46 billion, increasing 15.5% from the same quarter last year.The consensus EPS estimate for the quarter has undergone a downward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates d ...

Larry Fink is looking forward to the day he's not CEO of BlackRock, but that's not happening just yet. Fink, the 72-year-old cofounder and the only CEO BlackRock has ever had, has long been answering questions about who will succeed him and Rob Kapito, the firm's president, at the $11.5 trillion asset management behemoth."I look forward to the day when I'm not running it. I do not want to be somebody that's staying on longer than needed," Fink told the Economic Club of New York. The next generation team is ...