BlackRock Q4 Beats Forecasts; Record AUM

Investment management giant BlackRock (NYSE:BLK) reported fourth-quarter and full-year earnings on Wednesday, Jan. 15, that topped analysts' consensus estimates on both top and bottom lines. BlackRock's adjusted earnings per share (EPS) for the quarter hit $11.93, rising 23.5% year over year. Total revenue for the quarter came in at $5.68 billion, surpassing the expected $5.57 billion. With impressive growth in assets under management (AUM), which reached a record $11.6 trillion, BlackRock ended the quarter and fiscal 2024 on a high note.Source: BlackRock. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. AUM = Assets under management.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool