BlackRock shares slump even
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Expectations for the world’s largest asset manager are going up.BlackRock shares fell as much as 7% Tuesday and were on track for the worst earnings-day drop in more than a decade, wiping out the bulk of the stock’s 2025 gains.
Jio Blackrock has received approval from India's markets regulator to launch four passive index funds, the Securities and Exchange Board of India's website showed on Wednesday.
BlackRock's iShares ETF business achieved record first-half flows of $192 billion. - Adjusted earnings per share of $12.05 beat analyst estimates by $1.23. - ETF revenue climbed to $1.9 billion, representing 42% of total fee income.
BlackRock, Inc.'s Q2 earnings highlight modest revenue growth amid volatility. Click for my updated look at BLK stock and why I rate the shares as a Hold.
Even as BlackRock posted per-share earnings for the second quarter that topped Wall Street’s forecasts, the firm’s shares fell meaningfully on Tuesday and underperformed the market. Shares fell 6% as the S&P 500 rose 0.
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An Asian institutional client pulled $52 billion from the asset manager during the second quarter, crimping net client inflows into the investment firm.
The firm’s strongest inflows were across its bond ETFs, which counted just under $44bn of additions in the period. BlackRock’s crypto and digital asset ETFs also reported $14bn of inflows, as investors push bitcoin and other cryptocurrencies to record highs.
BlackRock Inc. closed 5.93% below its 52-week high of $1,112.13, which the company achieved on July 14th.
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Zacks.com on MSNBlackRock's AUM Touches Record $12.53T as Q2 Earnings Top EstimatesBlackRock hits a record $12.53 trillion in AUM, but shares fall as a $52B client withdrawal weighs on strong Q2 earnings.