BlackRock reports record $15.49 trillion AUM and strong Q3 earnings
BlackRock announced that assets under management reached a new high of $15.49 trillion after attracting about $205 billion of net client inflows in the third quarter. Net income for the quarter was approximately $1.66 billion, while revenue grew to $7.75 billion. Adjusted earnings came in at $15.93 per share, surpassing analyst expectations. The stock jumped roughly 5% in early trading but later moved flat as inflation data tempered enthusiasm.
Why it matters
The record AUM and higher earnings suggest continued fee growth for BlackRock, which could support future dividend and share‑repurchase capacity. Investors should note that the share price reaction was muted after the initial rally, indicating market sensitivity to macro data.
Key facts
- 1Assets under management rose to $15.49 trillion, a new record, after $205 billion of net client inflows in Q3. finance.yahoo.com
- 2Net income for the three months ended September 30 was about $1.66 billion, up 25% from the prior year. finance.yahoo.com
- 3Revenue for the quarter increased 19% to $7.75 billion. finance.yahoo.com
- 4Adjusted earnings per share were $15.93, 38% higher than a year earlier and above the $14.13 consensus estimate. finance.yahoo.com
- 5The company repurchased $550 million of its own shares during the quarter. finance.yahoo.com
- 6iShares ETFs received roughly $134.5 billion of net inflows, while fixed‑income products added about $78.2 billion. finance.yahoo.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.