BlackRock: EPS up 12% in Q2

(CercleFinance.com) - BlackRock, the world's leading asset manager, reports adjusted net income that is up 11% y-o-y, to $1.
55bn for Q2 2024, or $10.36 per share (+12%).

The New York-based group's adjusted operating margin improved 1.6 point to 44.1% on revenues that rose 8% to $4.8bn, while average AuM grew 14% to $10,458bn.

BlackRock recorded $82bn in total net inflows in Q2, President and CEO Laurence Fink said, adding that it is on track to close the planned acquisition of Global Infrastructure Partners in Q3 2024.


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