BlackRock (NYSE:BLK) stock closed with a 5.2% gain after the company reported a strong fourth quarter for 2024, surpassing expectations largely due to performance fees, managed expenses, and a favorable tax rate.

BlackRock said in its fourth-quarter earnings report Wednesday that assets under management jumped to a record $11.55 trillion, up from $10 trillion a year ago. Analysts surveyed by FactSet had expected BlackRock to report a record $11.

BlackRock, the world’s biggest asset manager, is the latest financial firm to back out of a voluntary climate initiative it joined just a few years ago.

BlackRock reported fourth-quarter earnings per share of $10.63. On an adjusted basis, per-share earnings of $11.93 topped analysts’ forecasts of $11.24. The world’s largest asset manager reported net income of $1.

BlackRock’s profits rose and assets under management edged up to a record $11.55 trillion in the fourth quarter. BlackRock posted net income of $1.67 billion, up 21% from the same period a year earlier.

On Wednesday, Citi analysts, led by Chris Allen, maintained their Buy rating and $1,200.00 price target for BlackRock, Inc. (NYSE:BLK), following the company's financial results which surpassed ...

As investors await earnings from the big banks, they've just gotten the latest results from BlackRock. The company said $284 billion flowed into its total assets under management (AUM), which amounted to $11.

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BlackRock withdraws from NZAMI, citing confusion and legal risks, raising questions about its ESG strategy and impact on climate commitments.

On Thursday, BlackRock (NYSE:BLK) stock closed with a 5.2% gain after the company reported a strong fourth quarter for 2024, surpassing expectations largely due to performance fees, managed ...

On Wednesday, Citi analysts, led by Chris Allen, maintained their Buy rating and $1,200.00 price target for BlackRock, Inc. (NYSE:BLK), following the company's financial results which surpassed expectations. BlackRock's adjusted earnings per share (EPS ...

On Thursday, BlackRock (NYSE:BLK) stock closed with a 5.2% gain after the company reported a strong fourth quarter for 2024, surpassing expectations largely due to performance fees, managed expenses, and a favorable tax rate. The investment management ...