Capital giant on record course! BlackRock manages a gigantic asset of $15.5 trillion!
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Record values in assets under management: Managed assets climbed to an all-time high of $15.49 trillion through net inflows of $205 billion. Strong financials: Revenue increased by 19% to $7.75 billion, while adjusted earnings per share of $15.93 significantly surpassed estimates. Warning of investment halts: CEO Fink warned urgently about hurdles in building AI data centers and suggested securitization of graphics processors. The world’s largest asset manager, BlackRock (i)(BLK), achieved significant growth in revenue and earnings...
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