The market's not loving the reaction to those earnings. They seemed very solid on the face. What are they missing.Well, I think they're missing the key to any company. Our organic growth was great. Um, FE growth 6% that was expectations, but our entry level going into the third quarter because of where they where you know the market went down quite a bit in April and rallied all throughout the year.So, our entry level in the third quarter is up 5% already in feed growth. Then on top of the closing of HPS on ...

Core Insights - BlackRock's shares fell 5.4% following a mixed earnings report, with earnings beating expectations but revenue missing [1][2] - The company reported a revenue growth of 12.7% to $5.42 billion and adjusted earnings per share growth of 16.3% to $12.05, but the revenue figure fell short of Wall Street expectations [2] - A significant redemption of $52 billion from a single institutional client impacted revenue, leading to lower-than-expected net inflows of $68 billion, although profit growth remained strong due to the nature of the redeemed assets [3] Financial Performance - Revenue increased by 12.7% to $5.42 billion in the second quarter, while adjusted non-GAAP earnings per share rose by 16.3% to $12.05, exceeding expectations by $1.23 [2] - The revenue miss was attributed to a large redemption from a low-fee index client, but the company maintained strong profit growth despite this [3] Market Reaction - The decline in BlackRock's stock price is attributed to profit-taking after a nearly 40% recovery since April's lows, with shares trading at around 27 times earnings and a dividend yield just under 2% [5] - The current valuation is considered not overly expensive for a high-quality growth company, but not particularly cheap for a financial stock [6] Strategic Developments - BlackRock's acquisition of Global Infrastructure Partners for $12.5 billion, which closed in October 2024, is expected to contribute to future growth [3]

Core Insights - BlackRock's second-quarter 2025 adjusted earnings per share (EPS) reached $12.05, exceeding the Zacks Consensus Estimate of $10.66, marking a 16% increase from the previous year [1][9] - The company's shares are down 6.4% in early market trading following the earnings report [1] Financial Performance - BlackRock's revenues for the quarter were $5.42 billion, a 13% year-over-year increase, but slightly below the Zacks Consensus Estimate of $5.43 billion [3][9] - Total expenses rose to $3.69 billion, up 23% year over year, driven by increases across all cost components [3][9] - Net income attributable to BlackRock on a GAAP basis was $1.59 billion, reflecting a 7% increase from the prior-year quarter [2] Assets Under Management (AUM) - As of June 30, 2025, AUM reached a record high of $12.52 trillion, an 18% increase year over year, supported by $46 billion in long-term net inflows [5][9] - The average AUM for the quarter was $11.97 trillion, up 15% year over year [5] Non-Operating Income and Share Repurchases - Non-operating income was reported at $521 million, significantly higher than $214 million in the prior-year quarter [4] - BlackRock repurchased shares worth $375 million during the reported quarter [6] Strategic Acquisitions - The company completed the acquisition of HPS Investment Partners on July 1, 2025, which is expected to enhance its position as a global asset manager [2][7]

BlackRock’s shares tumbled after the investing giant said a large client pulled $52 billion from the asset manager during the second quarter https://t.co/vVyKC0yJXK ...

We're going to turn back to Brian Sullivan who joins us with a special guest. Hey Brian. Yeah, not just energy and AI Carl, but the largest asset management firm in the world.New results this morning, Black Rockck 12.5% trillion in assets under management, organic fee growth 6% and going higher on that. Larry Frink is the founder and the chair and CEO of Black Rockck and joins us now. Uh Larry, we're going to get to AI and energy and everything why we're here in just a second.The market's not loving the rea ...

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贝莱德(BLK.N)绩后盘中跌幅一度扩大至6.7%。 ...

智通财经7月15日电，贝莱德股票继续下跌，目前跌幅已达6.3%。 ...

Financial Data and Key Metrics Changes - BlackRock reported second quarter revenue of $5.4 billion, a 13% increase year over year, driven by organic growth and higher average AUM [10] - Operating income rose 12% to $2.1 billion, while earnings per share increased 16% to $12.5 [10] - The company achieved 6% organic base fee growth in the second quarter, marking the fourth consecutive quarter of 5% or higher growth [8][27] - Total AUM reached a record $12.5 trillion, with net inflows of $68 billion in the second quarter [8][19] Business Line Data and Key Metrics Changes - Base fee and securities lending revenue increased 15% year over year to $4.5 billion, supported by market beta and organic growth [11] - Technology services revenue and subscription revenue grew 26% year over year, reflecting strong demand for Aladdin technology offerings [13] - Performance fees decreased to $94 million, attributed to lower performance revenue from private markets and liquid alternatives [13] Market Data and Key Metrics Changes - ETF net inflows totaled $85 billion, with fixed income ETFs leading at $44 billion [19] - Institutional index net outflows were $48 billion, primarily due to a single client redemption [20] - Cash AUM increased by 25% year over year, with net inflows of $22 billion in the second quarter [20] Company Strategy and Development Direction - BlackRock aims for 30% revenue contribution from private markets and technology by 2030, with recent acquisitions supporting this goal [9] - The company is focusing on integrating GIP, HPS, and Prequin to enhance its capabilities in private markets and technology [26][95] - BlackRock is expanding its presence in international markets, particularly in India and the Middle East, to capture growth opportunities [29][96] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential from private markets and the integration of recent acquisitions, highlighting strong client feedback [50][54] - The company anticipates significant opportunities in public-private financing and infrastructure investments due to rising government deficits [51] - Management noted that the integration of analytics and data capabilities will be crucial for future growth, particularly in retirement solutions [66][70] Other Important Information - BlackRock repurchased $375 million worth of common shares in the second quarter and plans to continue share repurchases [18] - The company announced the acquisition of Elmtree Funds, a real estate investment firm, expected to close in Q3 2025 [19] - BlackRock's capital management strategy focuses on investing in business growth and returning excess cash to shareholders [16] Q&A Session Summary Question: Progress on integrating HPS and GIP - Management reported strong client feedback and significant opportunities with insurance clients and wealth management across regions, highlighting successful fundraising efforts [50][54] Question: Migration of private investments into target date funds - Management discussed plans to launch a proprietary target date fund with private allocations, expected in 2026, emphasizing the importance of glide path technology [67][68] Question: Profitability and adjusted operating margin outlook - Management indicated a target of 45% or greater adjusted operating margin, with expectations for continued organic growth and expense alignment [74][77] Question: Recent flow trends in private markets - Management provided insights into ongoing fundraising efforts across various private market strategies, with a target of $400 billion in gross fundraising by 2030 [86][88] Question: Future M&A opportunities - Management stated a focus on integrating recent acquisitions while remaining open to selective, tactical M&A opportunities that complement existing capabilities [92][94]

Core Insights - BlackRock, the world's largest asset management company, attracted $46 billion in net inflows to its investment funds in Q2, reaching a record asset management scale of $12.5 trillion [1] - The adjusted earnings per share for Q2 increased by 16% year-over-year to $12.05, surpassing analysts' expectations of $10.87, with revenue growing by 13% to $5.4 billion [1] - Total net inflows for the company amounted to $68 billion, with $22 billion flowing into cash management and money market funds, and $14 billion into digital asset ETFs [1] Group 1 - CEO Larry Fink noted that expanding client relationships and diversified organic fee growth resonated well [2] - The announcement of new tariffs by President Trump led to significant market volatility, comparable to the financial crisis of 2008 and the pandemic in 2020, but investor anxiety eased later [2] - Long-term net inflows from retail clients were only $2 billion, the lowest since Q4 2023 [2] Group 2 - BlackRock received $9.8 billion in alternative investment inflows, continuing its expansion into the private equity market [5] - The company completed a $12 billion acquisition of HPS Investment Partners, marking its third significant acquisition in 18 months, bringing in $165 billion in client assets [5] - BlackRock also acquired GIP and Preqin, exceeding fundraising targets for GIP's flagship fund with $25.2 billion raised [6] Group 3 - The company aims to raise an additional $400 billion in private equity assets by 2030, managing over $600 billion in alternative investment assets [6]