BlackRock Inc.’s latest results show a shift towards private markets and technology, with earnings exceeding estimates but shares falling 7%. The company reported revenues rising 13% to $5.4 billion, missing analyst estimates. BlackRock pulled in $68 billion overall, with $85 billion to ETFs, reaching a record $12.5 trillion in client assets under management. CEO Larry Fink sees the decline in shares as a buying opportunity, attributing it to high expenses from integrating major acquisitions. BlackRock aims to bring private assets to the masses, completing its $12 billion acquisition of HPS Investment Partners. The company also acquired Global Infrastructure Partners and Preqin, managing over $600 billion of alternative investments. Market volatility due to unexpected tariffs affected investor inflows, with long-term net inflows from retail clients at $2 billion, the lowest since 2023. BlackRock also saw $14 billion inflows for digital-asset ETFs and disclosed a $330 million stake in Circle Internet Group Inc. at the end of June.

Read more at Yahoo Finance: BlackRock’s ‘Bumpier’ Quarter Fuels Worst Earnings Day in Years