2024-01-30 14:35:07 ET
Summary
- BlackRock, Inc. posted its latest quarterly and full-year results, beating the EPS expectations and coming in line with revenue estimates.
- The company has regained the $10 trillion AUM mark and saw net inflows of $289 billion in 2023, with strong market performance also contributing heavily to AUM gains.
- BlackRock is looking to acquire Global Infrastructure Partners, adding to its infrastructure investment capabilities and expanding its AUM to over $150 billion in that space.
- The latest dividend increase was another small one, but I think there is reason to think that was a prudent move by the company.
Written by Nick Ackerman.
BlackRock, Inc. ( BLK ) posted its latest quarterly results along with its full-year results as well. The company was able to exceed the bottom line estimates but came in line with the top line expectations....
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For further details see:
BlackRock: Growing 'Sticky' Fee Business And Staying Prudent