3 Asset Management Stocks Set to Pull Off Earnings Beat in Q4

One of the largest and most well-known asset management stocks — BlackRock (BLK) — kicked off fourth-quarter earnings on Jan 12. In a challenging operating environment, BLK handily surpassed the Zacks Consensus Estimate. Higher revenues and assets under management (AUM) balance more than offset a rise in total expenses. In an effort to capitalize on an accelerating demand for infrastructure investment, it announced an agreement to acquire Global Infrastructure Partners for $3 billion in cash and around 12 m ...