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Shares of BlackRock (NYSE:BLK) decreased 0.6% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share increased 17.73% year over year to $7.77, which beat the estimate of $7.64.
Revenue of $4,398,000,000 rose by 18.54% year over year, which beat the estimate of $4,300,000,000.
Looking Ahead
BlackRock hasn't issued any earnings guidance for the time being.
BlackRock hasn't issued any revenue guidance for the time being.
Conference Call Details
Date: Apr 15, 2021
Time: 08:30 AM
Price Action
52-week high: $811.38
Company's 52-week low was at $440.00
Price action over last quarter: Up 9.93%
Company Description
BlackRock is one of the largest asset managers in the world, with $8.677 trillion in AUM at the end of 2020. Product mix is fairly diverse, with 51% of the firm's managed assets in equity strategies, 30% in fixed income, 8% in multi-asset class, 8% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's iShares ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is also geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the U.S. and Canada.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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