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BlackRock Inc (BLK) reports robust growth with record net inflows and revenue, while navigating increased expenses and market volatility.
The firm pulled in $192 billion in client cash during the quarter, led by inflows into its iShares ETF franchise
BlackRock stock was gaining as it beat Wall Street expectations for earnings and assets under management.
BlackRock (NYSE:BLK) shares moved higher in premarket trading on Wednesday after the world’s largest asset manager reported stronger-than-expected second-quarter results, supported by record client inflows and continued growth across its investment platform. Earnings and revenue exceed expectationsBlackRock reported second-quarter earnings per share of 13.
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