BLK - BlackRock: 15% Annual Returns Since 2004 - And It's Far From Done
2024-04-12 16:05:46 ET
Summary
- BlackRock has $10.5 trillion in assets under management, with roughly half managed for institutional clients and 44% of fees generated through active management.
- The company reported strong Q1 2024 earnings, with net inflows of $76 billion and revenue surging by 11% year-over-year.
- BlackRock is focused on expanding its market share, particularly in infrastructure investments and retirement solutions, and continues to launch successful new ETFs.
Introduction
There aren't many financial stocks that readers bring up as often as BlackRock ( BLK ) , the financial giant that has become one of the titans of the modern financial world.
It's no surprise that readers keep bringing up this stock:
- It is the biggest ETF provider in the world , even beating Vanguard. While I usually don't invest in ETFs, many family members and friends of mine have invested their hard-earned cash in BlackRock-owned ETFs (iShares).
- It has increasingly made headlines, as the giant has used its power to push for its agenda on some of the companies it owns. According to the renowned Australian Financial Review: