BLK - BlackRock Analysts Raise Their Forecasts Following Upbeat Earnings | Benzinga
BlackRock, Inc. (NYSE:BLK) reported better-than-expected second-quarter earnings on Monday.
Revenue growth of 8% Y/Y to $4.805 billion, missing the consensus of $4.849 billion. Adjusted EPS increased 12% Y/Y to $10.36, beating the consensus of $9.93, according to data from Benzinga Pro.
BLK's Board of Directors paid a quarterly cash dividend per share of $5.10 and repurchased shares worth $500 million in the quarter.
"Organic growth was driven by private markets, retail active fixed income, and surging flows into our ETFs, which had their best start to a year on record." Laurence ...