BlackRock Q2 AUM $10.65T (+13% Y/Y), Avg AUM $10.46T (+14% Y/Y), Total Net Flows $81.57B
Portfolio Pulse from Benzinga Newsdesk
BlackRock reported its Q2 financial results, showing a 13% year-over-year increase in Assets Under Management (AUM) to $10.65 trillion. The average AUM for the quarter was $10.46 trillion, up 14% year-over-year. Total net flows for the quarter were $81.57 billion.
July 15, 2024 | 10:04 am
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POSITIVE IMPACT
BlackRock's Q2 financial results show strong growth in AUM and net flows, indicating robust performance and positive investor sentiment.
The significant year-over-year growth in AUM and net flows suggests strong performance and investor confidence in BlackRock's management and investment strategies. This is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100