BlackRock profits jump 10%: Three takeaways from Q2 earnings

📆 16/07/2024 13:29:00
📰 FXStreetNews

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BlackRockʻs profits rose 10% in Q2 ETFs drove its revenue, with a record first half for ETF inflows Is BlackRock stock a buy? Blackrock set a record with $10.6 trillion in assets under management in the second quarter, led by high ETF flows.

Key points BlackRock stock was trending up Monday after the asset management giant posted strong second quarter earnings, buoyed by robust ETF inflows and a rising stock market. The asset manager reported $10.65 trillion in assets under management at the end of Q2 — a 13% increase from the same quarter a year ago and a record for the firm. Here are three main takeaways from BlackRock’s Q2 earnings. Profits jump 10% The asset manager saw net income rise 10% in the quarter to $1.5 billion, or $9.

It is now the largest Bitcoin ETF with $18 billion in assets, surpassing the Grayscale Bitcoin Trust , which has roughly $15.6 billion in managed assets. Branching out into private markets BlackRock is making a big push to develop products, including ETFs, to facilitate private market investing, which involves investing in privately held companies, as opposed to publicly traded stocks.

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