BlackRock (BLK) Earnings Spotlight and Gameplan

[ETF Daily News]( January 11th, 2024 [BlackRock (BLK) Earnings Spotlight and Gameplan]( BlackRock, Inc. ([BLK]( – [Get Rating]( surpassed profit expectations in the third quarter, although it underwent a notable decline in net inflows, which dove to $2.57 billion from $16.9 billion the previous year. This reduction reveals a massive outflow of $49 billion from its lower-fee institutional index equity strategies, including a significant deduction of $19 billion from one international client. In contrast, BlackRock experienced an approximately 5% increase in revenue in comparison to last year, rising to $4.52 billion. Factors contributing to this growth include organic expansion and the impact of market changes during the past year on average AUM, in addition to heightened technology services revenue. At the close of the third quarter, BlackRock’s assets under management (AUM) amounted to $9.10 trillion, marking an increase from the $7.96 trillion reported a year prior yet indicating a decline from the second quarter’s $9.4 trillion. The firm’s results “underscore continued pressure on industry organic growth that may last longer than currently reflected in investors’ expectations amid higher-for-longer short-term rates,” [analysts at Goldman Sachs wrote](. Their forecast posits muted growth for the company’s near-term organic base fee. Simultaneously, BlackRock has been proactively involved in acquisition discussions in anticipation that substantial mergers could bolster growth through periods of market instability. Additionally, for the quarter ended in December 2023, Wall Street analysts predict a 5.8% year-on-year increase in BLK’s revenues to reach $4.59 billion. Nevertheless, EPS for the same period is projected to retreat by 2.1% compared to last year, to $8.74. Considering these short-term uncertainties, it may be prudent for prospective investors to bide their time for a more opportune window to… Continue reading at [STOCKNEWS.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2024 ETF Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019