BlackRock: EPS up 5% in Q3

(CercleFinance.com) - The world's leading asset manager, BlackRock has reported Q3 2024 adjusted net income that is up 4% y-o-y to just over $1.
71bn, or $11.46 per share (+5%).

The New York-based group's adjusted operating margin improved 3.5 points to 45.8% on revenues that rose 15% to $5.2bn, while average AuM rose by 18% to $11,071bn.

Clients entrust BlackRock, with record net inflows of $221bn in the quarter, CEO Laurence Fink said, who also highlights 5% organic growth in base fees, a multi-year high.


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