BlackRock shares hit record high after strong earnings, CEO predicts organic growth

From CNBC: 2024-10-11 12:07:21

BlackRock shares surged to a record high after posting third-quarter earnings that beat expectations. Assets under management hit $11.5 trillion. CEO Larry Fink mentioned adding $2 trillion organically over five years, ranking BlackRock as a top asset manager. Financial industry earnings kicked off with BlackRock, Wells Fargo, and Morgan Stanley delivering strong results. Despite a recent surge in stock price, Jim Cramer is considering adding BlackRock to his portfolio..ImageLayout of Larry Fink from Getty Images.



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