BlackRock (BLK) Stock Jumps 3% After Earnings Beat as Assets Climb to $15.5 Trillion
Photo: CoinCentral
TLDR BlackRock stock rose about 3% to 4% premarket Wednesday, trading near $1,100 after Q3 results. Adjusted EPS was $15.93 versus the $14.30 estimate, and revenue was $7.75 billion versus $7.43 billion expected. Assets under management rose 15% to $15.5 trillion, helped by $205 billion of net inflows in the quarter. Adjusted operating margin expanded to 47.8% from 44.6% a year ago. BLK closed Tuesday at $1,066.12, down 1.64%. BlackRock (BLK) stock was higher in premarket trading Wednesday after the asset manager reported third-quarter results that topped Wall Street estimates.
Source: CoinCentral
