
BlackRock Inc. reported strong third-quarter earnings, surpassing analyst expectations with an adjusted earnings per share (EPS) of $11.46, compared to the estimated $10.40. The company's revenue reached $5.2 billion, exceeding the forecast of $5.0 billion. BlackRock's assets under management (AUM) surged to a record $11.5 trillion, up 26% year-over-year, driven by significant client inflows. The firm attracted $221.2 billion in net inflows during the quarter, significantly higher than the estimated $127.2 billion. This influx included $160.2 billion in long-term net inflows, also surpassing expectations. The operating margin improved to 45.8%, up from 42.3% year-over-year. BlackRock's CEO highlighted the firm's robust performance, noting that the assets managed on behalf of clients grew by $2.4 trillion over the past year, with total net inflows reaching $456 billion over the same period.























$BLK BlackRock reaching $450 billion in alternative assets is giving it a strong hold in the alternative asset manager space. The company reached $11.5 TRILLION in total assets this quarter...the entire market is shifting towards a handful of massive asset gatherers... https://t.co/eu0PQP1PYY
Does @BlackRock's $11.5 trillion in AUM make its asset base as big as the U.S. Government? Crazy. But also... https://t.co/dX6xF5alnA
BlackRock pulled in a record $221 billion of total client cash last quarter, pushing the world’s largest money manager to an all-time high of $11.5 trillion of assets as it seeks to become a one-stop shop for stocks, bonds and, increasingly, private assets https://t.co/Usd4BIrO0x https://t.co/Dca4hAjNVA