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BlackRock is expected to report record assets in Q2 with $82 billion total net inflow and $139 billion for the first half of the year. Larry Fink highlighted the equity market's record high and the trend of clients moving from cash to risky assets.
$BLK BlackRock’s Larry Fink on the company’s Q2 earnings call talked about how there is too much money parked in cash – this money will need to “re-risk” into credit and equity assets (“In the second quarter, we saw equity markets power to another record high and more clients…
TUNE IN: Larry Fink joins @SquawkStreet this hour to talk $BLK Q2 earnings.
$BLK Q2 #earnings can tell Larry and @BlackRock are really proud of its Bitcoin ETF. Some simple numbers, fyi, Q2 Total Net inflow: $82 billion, across product types (over 1,000 funds probably), - 5% from $IBIT 1st Half Year Total Net Inflow: $139 billion - 13% from $IBIT https://t.co/GjxZ3MivtQ