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BlackRock Analysts Raise Their Forecasts Following Upbeat Earnings

BlackRock, Inc. (NYSE:BLK) reported better-than-expected second-quarter earnings on Monday. Revenue growth of 8% Y/Y to $4.805 billion, missing the consensus of $4.849 billion. Adjusted EPS increased 12% Y/Y to $10.36, beating the consensus of $9.93, according to data from Benzinga Pro. BLK's Board of Directors paid a quarterly cash dividend per share of $5.10 and repurchased shares worth $500 million in the quarter. "Organic growth was driven by private markets, retail active fixed income, and surging flows into our ETFs, which had their best start to a year on record." Laurence ...