BlackRock: exceeds expectations in Q1
(CercleFinance.com) - BlackRock has published adjusted net income that is up 27% for the first three months of 2018 at 1.
09 billion dollars, or 6.70 dollars per share, i.e. 30 cents above the consensus.
The US asset management giant boasts a 150 basis point improvement in its adjusted operating margin to 44.1%, on revenues that are up 16% at 3.58 billion dollars, with assets under management up 17% y-o-y to 6.317 trillion dollars.
Laurence D. Fink, chair and CEO of BlackRock said that based on this strong start to 2018, the group remains committed to investing for growth and leveraging the benefits from our size - both for our clients and shareholders.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
09 billion dollars, or 6.70 dollars per share, i.e. 30 cents above the consensus.
The US asset management giant boasts a 150 basis point improvement in its adjusted operating margin to 44.1%, on revenues that are up 16% at 3.58 billion dollars, with assets under management up 17% y-o-y to 6.317 trillion dollars.
Laurence D. Fink, chair and CEO of BlackRock said that based on this strong start to 2018, the group remains committed to investing for growth and leveraging the benefits from our size - both for our clients and shareholders.
Copyright (c) 2018 CercleFinance.com. All rights reserved.