BlackRock (BLK) Stock Gains After Topping Q3 Estimates
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BlackRock profit beats estimates though asset growth stalls
October 13, 2021 6:21 AM EDTBy Saqib Iqbal Ahmed and Sohini Podder
NEW YORK (Reuters) -BlackRock Inc topped third-quarter profit estimates helped by robust performance fees and strong demand for its actively managed and sustainable funds, even as volatile markets hindered the world's largest money manager from growing its assets under management.
Asset managers have benefited from rising global financial markets in recent quarters as investors put money to work, making the most of the post-pandemic economic reopening, driven by progress on vaccinations and strong fiscal and monetary aid.
But with financial markets wobbling during the second quarter - the... More
BlackRock (BLK) Tops Q3 EPS by $1.17
October 13, 2021 6:15 AM EDTBlackRock (NYSE: BLK) reported Q3 EPS of $10.95, $1.17 better than the analyst estimate of $9.78. Revenue for the quarter came in at $5.05 billion versus the consensus estimate of $4.88 billion.
For earnings history and earnings-related data on BlackRock (BLK) click here.
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