BLK Stock: 5 Reasons BlackRock Is the King of Money Managers
BlackRock (BLK) posted another solid quarter yet again. Profits came to $841 million, or $4.86 per share, and revenues climbed by 9% to $2.78 billion. The Street was looking for BlackRock earnings of $4.33 per share and revenues of $2.69 billion.
blk-stock-blackrock-stockTrue, BLK stock is up only 1% in todayís trading, but it has already posted nice gains for the past year, at about 43%. The overall market is also on the downside today, which is probably hampering gains, despite solid BlackRock earnings.