BlackRock Shares Rise After Earnings Beat and Record $13.46 Trillion in Assets Under Management
BlackRock Inc. (NYSE: BLK) reported stronger-than-expected third-quarter results as assets under management (AUM) climbed to a record level, fueled by robust market performance and solid net inflows. The world’s largest asset manager posted earnings of 11.31. Revenue jumped 25% year-over-year to 6.29 billion. The increase was driven by market appreciation, performance fees from GIP and H ...