News & Analysis

Better than expected – BlackRock tops Wall Street estimates for Q1

14 April 2022 By Klavs Valters


BlackRock Inc. reported its first quarter financial results before the opening bell in the US on Wednesday.

World’s largest asset manager reported revenue of $4.699 billion, beating analyst forecast of $4.672 billion.

Earnings per share also topped analyst forecast at $9.52 per share vs. $8.70 per share expected.

”BlackRock generated $114 billion of long-term net inflows in the first quarter, with positive flows across all product types, investment styles and regions, demonstrating the breadth of our asset management platform. Our ETFs delivered $56 billion of net inflows, as clients increasingly use them to efficiently allocate capital, access liquidity and manage risk,” Chairman and CEO, Laurence D. Fink said after the latest results.

”BlackRock is increasingly the partner of choice globally as clients look to build deeper and more comprehensive relationships. We announced another significant client mandate during the quarter that exemplifies our One BlackRock approach – bringing together investment expertise, operational excellence and world-class technology. I am incredibly excited by the opportunities ahead of us and believe BlackRock is well-positioned to continue generating durable, differentiated organic growth and delivering value for all of our stakeholders,” he added.

BlackRock Inc. chart

BlackRock shares trading lower despite beating Wall Street expectation for Q1, down 0.3% at $714.34 per share.

Here is how the stock has performed in the past year:

  • 1 Month -2.24%
  • 3 Month -19.25%
  • Year-to-date -21.93%
  • 1 Year -10.78%

BlackRock Inc. is the 127th largest company in the world with a market cap of $108.68 billion.

You can trade BlackRock Inc. (BLK) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.

Sources: BlackRock Inc., TradingView, CompaniesMarketCap, MetaTrader 5

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