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BlackRock: Q2 adjusted net income down 30%

(CercleFinance.com) - BlackRock has reported Q2 adjusted net income of 1.
1 billion dollars, down 30% y-o-y (1.6 billion dollars).

As a result, adjusted EPS came in at 7.36 dollars (also down 30%), and below the consensus.

Assets under management were $8,487bn in Q2, down 11% y-oy.

Meanwhile, revenue was 4.52 billion dollars down 6% from Q2 2021. Adjusted EBIT fell 14% to 1.7 billion dollars.

It said that H1 2022 saw an investment environment that has not been seen in decades. Investors are dealing with inflation, rising rates and the worst start to a year for stocks and bonds in half a century.


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