BlackRock Inc (Old)
BBG000C2PYL6
ISIN null / Valor 1005182
BlackRock Inc (Old)
UMushroom community rating:
About company
BlackRock Inc. is a global investment management company that offers a wide range of financial products and services to institutional and individual investors. With offices in various countries, including the UK, Australia, and Israel, BlackRock is known for its expertise in asset management, risk management, and advisory services. The company is authorized and regulated by financial authorities in different regions, ensuring compliance with relevant laws and regulations. BlackRock's focus on providing tailored investment solutions and delivering strong performance for its clients has solidified its reputation as a leading player in the financial industry.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (20.08.2024):
Revenue Growth
BlackRock Inc. reported an 8% increase in revenue year-over-year for the second quarter of 2024. This growth was primarily driven by the positive impact of markets on average assets under management (AUM), organic base fee growth, and higher performance fees and technology services revenue.
Net Inflows
In the second quarter of 2024, BlackRock Inc. generated $82 billion in total net inflows. This contributed to nearly $140 billion of total net inflows in the first half of 2024, reflecting the continued strength of its broad-based platform, including a record start to the year for BlackRock ETFs.
Operating Income
BlackRock Inc. saw an 11% increase in operating income year-over-year for the second quarter of 2024, with a 12% increase when adjusted. This growth was supported by a 160 basis points expansion in operating margin, demonstrating the company's ability to deliver growth with scale.
Assets Under Management
As of June 30, 2024, BlackRock Inc.'s assets under management (AUM) reached $10.6 trillion, up $1.2 trillion year-over-year. This increase was driven by consistent organic growth and positive market movements, highlighting the firm's strong performance and market position.
Earnings Per Share
For the second quarter of 2024, BlackRock Inc. reported diluted earnings per share (EPS) of $9.99, or $10.36 as adjusted. This represents a 10% increase in diluted EPS year-over-year, with a 12% increase when adjusted, reflecting the company's robust financial performance.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
141796 M
Market cap (USD)
171,787
Daily traded volume (Shares)
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1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
Oliver Moon
Luba Schoenig
X Q
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