BlackRock: Q3 beats consensus
(CercleFinance.com) - Asset Management giant BlackRock has reported Q3 adjusted EPS that is down 5% at 7.
15 dollars, albeit nearly 20 cents above the consensus, while its adjusted operating margin improved by 1.8 point to 46%.
The group announced 84 billion dollars of total net new money over the quarter, representing 5% organic growth in assets, with its total assets under management reaching 6,963 billion dollars at the end of the period, up 8% year-on-year.
Laurence D. Fink, Chairman and CEO said that, "Clients are increasingly looking for strategic partners who understand their whole portfolio and investment goals in the context of a complex and changing landscape."
Copyright (c) 2019 CercleFinance.com. All rights reserved.
15 dollars, albeit nearly 20 cents above the consensus, while its adjusted operating margin improved by 1.8 point to 46%.
The group announced 84 billion dollars of total net new money over the quarter, representing 5% organic growth in assets, with its total assets under management reaching 6,963 billion dollars at the end of the period, up 8% year-on-year.
Laurence D. Fink, Chairman and CEO said that, "Clients are increasingly looking for strategic partners who understand their whole portfolio and investment goals in the context of a complex and changing landscape."
Copyright (c) 2019 CercleFinance.com. All rights reserved.