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BlackRock (BLK) Beats on Q2 Earnings, Revenues & AUM Rise
BlackRock, Inc.’s BLK second-quarter 2020 adjusted earnings of $7.85 per share hugely surpassed the Zacks Consensus Estimate of $6.90. The figure reflects a rise of 22.5% from the year-ago quarter’s number.
Results benefited from an improvement in revenues. Also, expenses declined marginally. Further, long-term net inflows resulted in a rise in assets under management (AUM) balance, which was a major positive for the company.
Net income attributable to BlackRock (on a GAAP basis) was $1.21 billion, up 21% from the prior-year quarter.
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https://finance.yahoo.com/news/blackrock...11100.html
![[Bild: BLKc1dl0812.png]](https://finviz.com/publish/072120/BLKc1dl0812.png)
BlackRock, Inc.’s BLK second-quarter 2020 adjusted earnings of $7.85 per share hugely surpassed the Zacks Consensus Estimate of $6.90. The figure reflects a rise of 22.5% from the year-ago quarter’s number.
Results benefited from an improvement in revenues. Also, expenses declined marginally. Further, long-term net inflows resulted in a rise in assets under management (AUM) balance, which was a major positive for the company.
Net income attributable to BlackRock (on a GAAP basis) was $1.21 billion, up 21% from the prior-year quarter.
...
https://finance.yahoo.com/news/blackrock...11100.html
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