Reports Q4 revenue $5.68B, consensus $5.58B. The company said, “Clients entrusted BlackRock (BLK) with a record $641 billion of net inflows in 2024, including $281 billion in the fourth quarter for two consecutive record flows quarters. 2024 was also a milestone year for strategic acquisitions grounded in client service, technology and scale. Our closing of GIP and planned acquisitions of HPS and Preqin are expected to significantly scale and enhance our private markets investment and data capabilities.”
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLK:
- BlackRock (BLK) Launches Spot Bitcoin ETF in Canada
- Notable companies reporting before tomorrow’s open
- BlackRock’s Wiedman, potential CEO successor, departing, Bloomberg says
- BlackRock price target lowered to $1,223 from $1,224 at TD Cowen
- Hess Midstream signs accretive $100M sponsor unit repurchase