so so Please stand by. We're about to begin. Good morning. My name is Jennifer, and I will be your conference facilitator today. At this time, I'd like to welcome everyone to the BlackRock Incorporated Second Quarter 2024 Earnings Teleconference. Our host for today's call will be Chairman and Chief Executive Officer Lawrence D. Fink, Chief Financial Officer Martin S. Small, President Robert S. Capito, and General Counsel Christopher J. Meade. All lines have been placed on mute to prevent any background nois ...

Loading...Loading...BlackRock Inc BLK CEO Larry Fink was skeptical about the prospects of Bitcoin BTC/USD for years, but he remained open-minded and eventually came to believe it was a legitimate financial tool. Now he considers himself a “major believer.”What To Know: On Monday on CNBC’s “Squawk On The Street,” Fink admitted he had been a skeptic of bitcoin for years, but after studying and learning about it, he acknowledged his previous opinion was wrong.Fink now considers bitcoin a legitimate financial i ...

The BlackRock logo is pictured outside the company's headquarters in the Manhattan borough of New York City on May 25, 2021.At the time, $13 billion seemed like an awful lot of money to spend on a tiny business. ETFs were still in their infancy: there was roughly $700 million in total assets under management, a paltry sum compared to the trillions then in mutual funds.When BlackRock CEO Larry Fink bought the iShares ETF business from Barclays for roughly $13 billion in 2009, the economy was still reeling fr ...

BlackRock, Inc. (NYSE:BLK) Q2 2024 Earnings Conference Call July 15, 2024 7:30 AM ET Company Participants Christopher J. Meade - General Counsel Laurence D. Fink - Chairman & Chief Executive Officer Martin S. Small - Chief Financial Officer Conference Call Participants Alex Blostein - Goldman Sachs Craig Siegenthaler - Bank of America Michael Cyprys - Morgan Stanley Bill Katz - TD Cowen Dan Fannon - Jefferies Ken Worthington - JPMorgan Operator Good morning. My name is Jennifer, and I will be your conferenc ...

The stock market is where investors trade shares of public companies. It serves as a barometer for economic health and corporate performance. Investors can potentially grow wealth through stock appreciation and dividends. However, the market can be unpredictable, with prices influenced by various economic and global factors.The financial sector is a crucial component of the stock market. It includes banks, insurance companies, and investment firms. These institutions play a vital role in the economy by mana ...

For the quarter ended June 2024, BlackRock (BLK) reported revenue of $4.81 billion, up 7.7% over the same period last year. EPS came in at $10.36, compared to $9.28 in the year-ago quarter.The reported revenue represents a surprise of -1.19% over the Zacks Consensus Estimate of $4.86 billion. With the consensus EPS estimate being $9.96, the EPS surprise was +4.02%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next ...

BlackRock Inc (NYSE:BLK) stock was last seen down 0.3% to trade at $826.03, brushing off a second-quarter earnings beat after the investment firm also reported a revenue miss. Higher client asset values and strong demand for its exchange-traded funds (ETFs) contributed to a record $10.6 trillion in managed assets, though TD Cowen still lowered its price target to $966 from $969.Should today's losses hold, the shares could snap a four-day win streak that came within striking distance of a March 8, two-year ...

About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...

BlackRock’s (BLK) second-quarter 2024 adjusted earnings of $10.36 per share handily surpassed the Zacks Consensus Estimate of $9.96. The figure reflects a rise of 12% from the year-ago quarter.Shares of BLK are trending almost 1.5% higher in the pre-market trading session today.The results benefited from a rise in revenues. Assets under management (AUM) witnessed solid improvement driven by net inflows and market appreciation. However, higher expenses and a fall in non-operating income acted as headwinds.Ne ...

Key TakeawaysBlackRock reported a record $10.6 trillion in assets under management in its second-quarter earnings report Monday.Profits and revenue for the second quarter rose 8% and 9% year-over-year, respectively, and came in roughly in line with analysts' estimates.Higher fees and a record first half of the year for inflows into the firm's exchange-traded funds helped drive gains. BlackRock (BLK) reported a record $10.6 trillion in assets under management (AUM) in its second-quarter earnings report Monda ...