BlackRock: Q3 Earnings Insights

Shares of BlackRock BLK moved higher by 4.5% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 28.95% over the past year to $9.22, which beat the estimate of $7.77.

Revenue of $4,369,000,000 up by 18.34% from the same period last year, which beat the estimate of $3,930,000,000.


Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Oct 13, 2020

Time: 08:30 AM

ET Webcast URL:

Recent Stock Performance

52-week high: $620.66

52-week low: $323.98

Price action over last quarter: Up 6.59%

Company Description

BlackRock is one of the largest asset managers in the world, with $7.318 trillion in AUM at the end of June 2020. Product mix is fairly diverse, with 48% of the firm's managed assets in equity strategies, 33% 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 close to 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.

Posted In: EarningsNews