BlackRock's record $11.6 trillion in assets and strong earnings beat drives positive sentiment

From StockTwits: 2025-01-15 08:30:20

BlackRock reported fourth-quarter adjusted earnings of $11.93 per share, beating estimates. The company’s assets reached a record $11.6 trillion, with a net inflow of $641 billion in 2024, including $281 billion in the fourth quarter. Exchange-traded fund flows contributed $390 billion to the full-year tally. Revenue rose 23% to $5.68 billion in the fourth quarter, exceeding analyst expectations. CEO Larry Fink announced significant acquisitions to enhance private markets investment capabilities. Retail sentiment on Stocktwits turned ‘extremely bullish’ following the results. The stock has gained 20.5% over the past year.



Read more at StockTwits: BlackRock Stock Gains Pre-Market After Hitting Record $11.6 Trillion In Assets: Retail Turns Extremely Bullish