BlackRock: Q3 beats consensus

(CercleFinance.com) - Asset Management giant BlackRock has reported Q3 adjusted EPS that is down 5% at 7.
15 dollars, albeit nearly 20 cents above the consensus, while its adjusted operating margin improved by 1.8 point to 46%.

The group announced 84 billion dollars of total net new money over the quarter, representing 5% organic growth in assets, with its total assets under management reaching 6,963 billion dollars at the end of the period, up 8% year-on-year.

Laurence D. Fink, Chairman and CEO said that, "Clients are increasingly looking for strategic partners who understand their whole portfolio and investment goals in the context of a complex and changing landscape."



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