AUM Growth, Acquisitions to Support BlackRock Amid Cost Woes
BlackRock(BLK) ZACKS·2024-09-18 00:31
BlackRock’s (BLK) robust assets under management (AUM) balance and its efforts to restructure the equity business will likely keep aiding revenue growth. However, persistently rising expenses (mainly due to higher administration costs) are expected to hurt the company’s bottom line to an extent.BlackRock’s Key Growth DriversStrategic Buyouts: Given a solid balance sheet and liquidity position, BlackRock has been engaging in acquisitions — both domestic and overseas. In June 2024, the company agreed to acqui ...