BlackRock’s (BLK) fourth-quarter 2024 adjusted earnings of $11.93 per share surpassed the Zacks Consensus Estimate of $11.44. The figure reflects a rise of 23.5% from the year-ago quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Shares of BLK are trending almost 2.8% higher in the pre-market trading session today on the back of solid improvement in assets under management (AUM) balance, which drove the quarterly performance.The results benefited from a rise in revenues. AUM w ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

BlackRock reported strong fourth-quarter earnings with net income jumping 29% year over year.Investment management giant BlackRock (BLK 3.10%) reported fourth-quarter and full-year earnings on Wednesday, Jan. 15, that topped analysts' consensus estimates on both top and bottom lines. BlackRock's adjusted earnings per share (EPS) for the quarter hit $11.93, rising 23.5% year over year. Total revenue for the quarter came in at $5.68 billion, surpassing the expected $5.57 billion. With impressive growth in ass ...

For the quarter ended December 2024, BlackRock Finance (BLK) reported revenue of $5.68 billion, up 22.6% over the same period last year. EPS came in at $11.93, compared to $9.66 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $5.56 billion, representing a surprise of +2.16%. The company delivered an EPS surprise of +5.86%, with the consensus EPS estimate being $11.27.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

BlackRock Finance (BLK) came out with quarterly earnings of $11.93 per share, beating the Zacks Consensus Estimate of $11.27 per share. This compares to earnings of $9.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.86%. A quarter ago, it was expected that this investment firm would post earnings of $10.42 per share when it actually produced earnings of $11.46, delivering a surprise of 9.98%.Over the last four quarters, t ...

If you haven’t noticed, BlackRock — yes, that BlackRock — is going unwoke. It’s also going far from broke, On The Money has learned.Wednesday before the bell, the big-money management firm, the world largest in fact, will report both its fourth quarter earnings and those for the entire year.Both are likely to depict that its business is running at full tilt, my sources on Wall Street tell me.Confluence doesn’t necessarily equate concurrence, of course. But it’s remarkably obvious that at a time when BlackRo ...

Executive Departure - Mark Wiedman, a top BlackRock executive and potential successor to CEO Larry Fink, is leaving the firm to pursue opportunities outside [1][3][6] - Wiedman will stay through the spring to assist with the transition [1] - His departure comes a day before BlackRock's Q4 earnings report [7] Wiedman's Background - Wiedman has been with BlackRock for two decades, joining from the US Treasury Department [2] - He played a key role in the growth of BlackRock's ETF business, iShares, and helped establish the firm's consulting arm, FMA [2] CEO Succession - Rob Goldstein, BlackRock's COO, is also considered a potential successor to Fink [4] - Other candidates include CFO Martin Small and Asia-Pacific head Rachel Lord [4] BlackRock's Growth Strategy - CEO Larry Fink has been focused on expanding BlackRock's presence in private markets [5] - In 2024, BlackRock announced three major acquisitions, including the purchase of HPS Investment Partners, a private credit firm managing $148 billion [5] - Fink has been more vocal about growth plans than succession planning [7]

BlackRock's Growth and Leadership - Mark Wiedman played a key role in driving BlackRock's growth in passive investing, with assets under management increasing from $500 billion to $1.7 trillion from 2011 to 2019 [1] - Wiedman joined BlackRock in 2004 and led the firm's emergency assistance efforts during the financial crisis [1] - Wiedman, a senior executive with over 20 years at BlackRock, is leaving the company after serving as head of the global client business for the past two years [3] BlackRock's Market Position and Acquisitions - BlackRock is the world's largest asset manager, with a record $11.5 trillion in assets under management in Q4 [2] - The company made two major acquisitions in 2023 to expand in private credit and alternatives: HPS Investment Partners for $12 billion and Global Infrastructure Partners for $12.5 billion [2] Leadership Transition - Wiedman was considered a potential successor to CEO Larry Fink [3]

Bayo Ogunlesi, Chairman, Global Infrastructure Partners listens as US President Donald Trump speaks during a strategic and policy discussion with CEOs in the State Department Library in the Eisenhower Executive Office Building on April 11, 2017 in Washington, DC.OpenAI said Tuesday that Adebayo Ogunlesi, a senior managing director at BlackRock, is joining the startup's board of directors, the latest announcement in the company's move toward a for-profit structure.Ogunlesi is a founding partner of Global Inf ...

BlackRock (BLK) is slated to report fourth-quarter and full-year 2024 results tomorrow 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 third-quarter 2024 earnings surpassed the Zacks Consensus Estimate. Results benefited from a rise in revenues and non-operating income, partially offset by higher expenses. Further, the company’s assets under management (AUM) touched $11.5 ...