BlackRock's fourth-quarter revenue of $5.68 billion beat expectations, with $11.55 trillion in assets under management
BlackRock released its Q4 2024 financial report. During the quarter, there was a net inflow of $126.57 billion in stocks, far exceeding the market's expected $73.47 billion. Revenue reached $5.68 billion, higher than the expected $5.59 billion. Basic expenses and securities lending income were $4.42 billion, slightly higher than the expected $4.38 billion. As of the end of the quarter, BlackRock's assets under management reached $11.55 trillion, slightly lower than the market's expected $11.66 trillion.
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