BlackRock beat earnings expectations as technology services drive growth in a 'volatile' market

BlackRock saw its total assets climb to about $7 trillion, up 8% year-over-year. In its third-quarter earnings, released Tuesday, the world's largest asset manager boasted growing revenues in the wake of a"volatile" global market, however, the firm's profits were down 8%. CEO Larry Fink said that clients have entrusted $350 million worth of new assets in the last year to the firm"technology services revenue." BlackRock said its total assets climbed over $6.

BlackRock saw its total assets climb to about $7 trillion, up 8% year-over-year. In its third-quarter earnings, released Tuesday, the world's largest asset manager boasted growing revenues in the wake of a"volatile" global market, however, the firm's profits were down 8%. CEO Larry Fink said that clients have entrusted $350 million worth of new assets in the last year to the firm"technology services revenue." BlackRock said its total assets climbed over $6.

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

J&J beats third-quarter earnings expectations on higher prescription drug salesJ&J's pharmaceutical business, which accounts for half of the company's revenue, posted revenue of $10.88 billion. Of course they did.....
Source: CNBC - 🏆 12. / 72 Read more »

Jefferies recommends Chinese internet stocks amid trade war, sees 'long-term value'Jefferies initiated coverage on 25 Chinese stocks, including Alibaba and Tencent, as it feels market expectations have reset on the sector.
Source: CNBC - 🏆 12. / 72 Read more »