BlackRock Stock Hits All-Time High as Results Easily Top Estimates

Company Performance - BlackRock shares reached an all-time high of $995 99 and closed at $983 28, up 3% on Friday, with a year-to-date increase of over 20% [2] - The company reported Q3 adjusted EPS of $11 46, surpassing the Visible Alpha estimate of $10 38 [1] - Revenue increased by 14 9% YoY to $5 20 billion, exceeding the Visible Alpha estimate of $5 02 billion [1] - Assets under management (AUM) rose by $2 4 trillion to a record $11 5 trillion [1] - Net inflows reached a record $221 billion [1] Strategic Focus - CEO Larry Fink emphasized that the company's strategy is ambitious and effective, particularly in infrastructure investments supporting AI innovation [2] - The company attributed its revenue growth to positive market impacts on average AUM, organic base fee growth, and higher performance fees [1] Market Position - BlackRock's performance highlights its strong market position, with record AUM and inflows, as well as consistent growth in revenue and earnings [1][2]