The World's Largest Asset Manager, $Blackrock(BLK.US)$ , Hits $10.6 Trillion In AUM — +$1.2 Trillion YoY
Here are the key takeaways from their latest earnings release:
• Adj EPS: $10.36 vs exp $9.96 (+10% YoY)
• Revenue: $4.81B vs exp $4.87B (+8% YoY)
• Net Inflows: $81.57B vs exp $101.24B
• $139 billion of 1H total net inflows
• $10.6 trillion in AUM, +$1.2 trillion YoY
• Fee Revenue: $3.4B (+4% YoY)
• Net Income: $1.495B (+9% YoY)
• Operating Income: $1.8B (+1...

As June arrives, a review of the first half of 2024 reveals that the U.S. stock market has been on a remarkable upward trajectory. By June 17, both the $NASDAQ 100 Index(.NDX.US)$ and $S&P 500 Index(.SPX.US)$ had repeatedly set new all-time highs, while the $Dow Jones Industrial Average(.DJI.US)$ briefly surged past the 40,000-point milestone. Notably, the S&P 500 notched its 30th new high of the year just last night.
From a sector performanc...