BlackRock Q4 Beats Forecasts; Record AUM

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 ...