BlackRock Reports Second Quarter 2015 Diluted EPS of $4.84, or $4.96 as adjusted
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Piper Jaffray Raises Price Target on BlackRock (BLK) Following 2Q15 Results
July 16, 2015 9:33 AM EDTPiper Jaffray reiterates a Neutral rating on BlackRock (NYSE: BLK), and raises the price target to $410.00 (from $399.00), following 2Q15 results. BLK reported adjusted EPS of $4.96, ahead the Street consensus of $4.81.
Analyst Jason Weyeneth commented, "We view BLK as well positioned to continue... More
BlackRock (BLK ) Tops Q2 EPS by 15c
July 15, 2015 6:02 AM EDTBlackRock (NYSE: BLK) reported Q2 EPS of $4.96, versus analyst estimate of $4.81. Revenue for the quarter came in at $2.91 billion versus the consensus estimate of $2.86 billion.
AUM was $4.72 billion, from $4.59 billion in the same period last year.
Although continued market volatility impacted asset flows in the second quarter, BlackRock's diversified business model drove strong financial results, with revenue up 5% and operating income up 10% year-over-year, commented Laurence D. Fink, Chairman and CEO of BlackRock. BlackRocks unique combination of active and index investment offerings, across all asset classes on a single platform, enables us to provide... More
