BlackRock (BLK) PT Lowered to $441 at Deutsche Bank Following 1Q
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BlackRock Reports First Quarter 2017 Diluted EPS of $5.23, or $5.25 as adjusted
April 19, 2017 6:31 AM EDT$80 billion of long-term net inflows, positive across product type, client type and region, reflect strength of diversified business model 8% increase in revenue year-over-year driven by growth in base fees, performance fees and technology and risk management revenue 19% increase in operating income (10% as adjusted) year-over-year reflects operating margin expansion and benefits of scale for clients and shareholders 33% increase in diluted EPS (24% as adjusted) year-over-year also includes the impact of a discrete tax benefit associated with new accounting guidance for share-based payments 9% increase in... More
