BlackRock Stock Rises as Firm Sets Record for Assets Under Management

Core Insights - BlackRock (BLK) shares increased by 4% following the release of better-than-expected quarterly results, driven by record assets under management (AUM) [1][4] - The firm reported fourth-quarter adjusted earnings per share (EPS) of $11.93, marking a 23$5.68 billion, surpassing analyst consensus estimates [1][4] Group 1: Financial Performance - AUM surged 15% year-over-year to $11.55 trillion, with total net inflows nearly tripling to$281.4 billion [2][4] - Long-term net inflows contributed $200.7 billion, with$142.6 billion specifically allocated to exchange-traded funds (ETFs) [2] Group 2: Growth and Future Outlook - CEO Larry Fink highlighted that this marks the second consecutive quarter of record inflows for BlackRock, with client activity significantly increasing [3][4] - The company experienced 7% organic base fee growth and 12% growth in technology services annual contract value (ACV) [3] - Fink expressed optimism about entering 2025 with substantial growth and upside potential, indicating that this is just the beginning [3]