BlackRock: Q1 EPS up 24%

(CercleFinance.com) - BlackRock, the world's leading asset manager, reports adjusted net income up 23% y-o-y to $1.
47bn for Q1 2024, or $9.81 per share (+24%). NB: pmt +2.4%.

The New York-based group saw its adjusted operating margin improve by 1.8 point to 42.2% on revenues up 11% to $4.73bn, while its average assets under management grew by 14% to $10,177bn.

Customers are turning to BlackRock to unlock the full potential of their portfolios, which is reflected in industry-leading net inflows of $236bn over the past twelve months, it says.


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