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💬Money Quote: Larry Fink
The Wall Street Journal31d agoneutral
💬Money Quote: Larry Fink

📣 “I’m very optimistic on the outlook for global markets. We see great market fundamentals with higher corporate margins and earnings momentum catalyzed by new technology.” — BlackRock Chief Executive Larry Fink, speaking after his investment firm posted record second-quarter earnings.

BlackRock beats profit estimates on record inflows
Proactive31d agobullish
BlackRock beats profit estimates on record inflows

BlackRock Inc (NYSE:BLK) reported second-quarter profit that topped Wall Street estimates on Wednesday, powered by record inflows and higher fees. The world's largest asset manager posted adjusted earnings of $13.91 per share, beating the average analyst estimate of $12.57 and up 15% from a...

BlackRock Q2 Earnings Call Highlights
MarketBeat31d agoneutral
BlackRock Q2 Earnings Call Highlights

BlackRock (NYSE:BLK) executives said the asset manager delivered record second-quarter results and its strongest first half on record, driven by broad-based client inflows, higher markets, acquisitions and continued demand for ETFs, private markets and technology offerings. Chief Financial Officer

BlackRock’s Private-Credit Arm Keeps on Ticking
The Wall Street Journal31d agoneutral
BlackRock’s Private-Credit Arm Keeps on Ticking

BlackRock’s private-debt funds business took in a net $6 billion of new client money in the second quarter. The unit managed $151 billion in assets as of June.  Like some of its private-markets peers, the asset manager had imposed limits on how much money individual investors could pull from its largest retail private-credit fund during the last two quarters.