BlackRock’s Funds Pull In $205 Billion, Exceeding Wall Street Forecasts

Group 1 - Bank of America reported a profit increase of 23%, indicating a strong start to the earnings season for the sector [1] - BlackRock's funds attracted $205 billion in net flows during the third quarter, surpassing Wall Street forecasts of $171.9 billion [1][2] - The surge in net flows was driven by record quarterly exchange-traded fund flows, along with private markets and cash net inflows, with long-term flows amounting to $171 billion [2]