• 34ºc, Sunny

BlackRock fourth quarter revenue of $5.68 billion than expected, assets under management of $11.55 trillion

BlackRock reports fourth quarter 2024 earnings. Net equity inflows for the period were $126.57 billion, well above market expectations of $73.47 billion; revenue was $5.68 billion, above expectations of $5.59 billion; and underlying fee and securities borrowing income was $4.42 billion, slightly ahead of expectations of $4.38 billion. At the end of the quarter, BlackRock had assets under management of $11.55 trillion, slightly below market expectations of $11.66 trillion.