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 ...

INVESTOR RELATIONS: Caroline Rodda 212.810.3442 MEDIA RELATIONS: Ed Sweeney 646.231.0268 BlackRock Reports Second Quarter 2024 Diluted EPS of $9.99, or $10.36 as adjusted New York, July 15, 2024 – BlackRock, Inc. (NYSE: BLK) today reported financial results for the three and six months ended June 30, 2024. Previously announced agreement to acquire Preqin represents next step in the transformation of BlackRock private markets capabilities by delivering integrated investments, technology, and data for the who ...

TORONTO, July 12, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (“BlackRock”) (NYSE:BLK) today announced upcoming unit splits of the iShares NASDAQ 100 Index ETF (CAD-Hedged) (“XQQ”), iShares Core S&P 500 Index ETF (“XUS”) and iShares S&P/TSX Capped Consumer Staples Index ETF (“XST”) (collectively, the “iShares ETFs”), each of which are listed on the Toronto Stock Exchange (“TSX”). Each unit split will be paya ...

Loading...Loading...BlackRock, Inc. BLK will release its second quarter financial results, before the opening bell on Monday, July 15.Analysts expect the San Francisco, California-based company to report quarterly earnings at $10.01 per share, up from $9.28 per share in the year-ago period. BlackRock is expected to post revenue of $4.85 billion, compared to $4.46 billion a year earlier, according to data from Benzinga Pro.On July 1, BlackRock announced plans to acquire private markets data data solutions pr ...