BlackRock (BLK) Tops Q2 EPS by 1c
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BlackRock Reports Second Quarter 2016 Diluted EPS of $4.73, or $4.78 as Adjusted
July 14, 2016 6:30 AM EDTAUM of $4.9 trillion, up 4% year-over-year and 3% sequentially $2 billion of long-term net inflows in the second quarter of 2016, and $126 billion over the last twelve months, demonstrate strength of diversified business model 2% decline in base fees year-over-year, driven by mix shift from equities to fixed income and cash 13% growth in Aladdin® revenue from the second quarter of 2015 reflects continued demand for risk management 2% decline in diluted EPS (4% as adjusted) year-over-year reflects mix shift and lower performance fees Consistent capital management with $275 million of quarterly share repurchases
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