BlackRock Assets Reach Record $10.6T as Revenue, Profits Rise
BlackRock(BLK) Investopedia·2024-07-15 20:52
Key TakeawaysBlackRock reported a record $10.6 trillion in assets under management in its second-quarter earnings report Monday.Profits and revenue for the second quarter rose 8% and 9% year-over-year, respectively, and came in roughly in line with analysts' estimates.Higher fees and a record first half of the year for inflows into the firm's exchange-traded funds helped drive gains. BlackRock (BLK) reported a record $10.6 trillion in assets under management (AUM) in its second-quarter earnings report Monda ...