Image can be found at: https://s.thestreet.com/files/tsc/v2008/photos/contrib/uploads/blackrockfront5_600x400.jpg

BlackRock Cashes in, But Did You?

October 11, 2017
109 Shares 2,419 Views

If you had to pick one winner during this quarter in terms of overall performance, then BlackRock would be one of the front-runners. Larry Fink’s company reported incredible numbers according to CNBC:

  • EPS: $5.92 per share vs $5.56 expected by a Thomson Reuters survey.
  • Revenue: $3.233 billion vs $3.096 billion expected.
  • Total assets under management: $5.977 trillion vs StreetAccount’s projected $5.94 trillion.
  • Net inflows: $96 billion vs $71.62 billion expected.

In layman’s terms, they beat almost every possible prediction there was to beat. Their incredible ability to pick winners has not gone unnoticed; Reuters recently wrote that:

BlackRock’s ability to choose winning investments has improved, with 82 percent of assets in its funds ranking in the top half of their categories for three-year performance, according to recent Credit Suisse research that cited Thomson Reuters Lipper data.

This uncanny ability to pick strong investments has coincided with the bull market to net BlackRock customers and investors some healthy profits. What’s more is that with such an incredible performance, the world’s number one asset managers may see their business expand. Nothing attracts customers like a winner, and BlackRock has proven to be a perennial leader in the field.

Since September 2015, the company’s stock has risen over %50. This incredible growth and has gotten many investors excited about the stock and these recent numbers will likely have a similar effect. Be sure to look out for this stock as it looks to expand its business going forward. As Larry Fink told Reuters:

One of the greatest problems we still have in the world is how much money is sitting on the sideline…We’re seeing some of that unlocked, we’re seeing people put some of that money to work.

With more performances like these, his firm has a good chance of managing that money.

To read CNBC’s article on BlackRock’s earnings, click here.

To read Reuters’ article on BlackRock’s earnings, click here.

[grwebform url=”https://app.getresponse.com/view_webform_v2.js?u=BKTzq&webforms_id=14431602″ css=”on” center=”off” center_margin=”200″/]

You may be interested

Job Hiring is Picking Up as Employers and Consumers Gain Confidence
Economy
548 views
Economy
548 views

Job Hiring is Picking Up as Employers and Consumers Gain Confidence

Lamont J - March 29, 2021

The recent government stimulus for small and medium-sized businesses, personal stimulus checks, and declining Coronavirus cases, are all great news…

Fed Could Maintain 0% Interest Rate Until 2024
Economy
489 views
Economy
489 views

Fed Could Maintain 0% Interest Rate Until 2024

Adam R - March 26, 2021

The Federal Reserve is holding its target interest rate in a range of 0.00% - 0.25%, even while the economy…

Supply Constraints Could Slow the Home Market
Economy
555 views
Economy
555 views

Supply Constraints Could Slow the Home Market

Becky H - March 25, 2021

Low inventory has been a constant in the home market for more than a year. The supply of existing and…