BlackRock, the world's leading asset manager, reports adjusted net income up 11% year-on-year, to $1.55 billion for the second quarter of 2024, or $10.36 per share (+12%).

The New York-based group saw its adjusted operating margin improve by 1.6 points to 44.1% on revenues up 8% to $4.8 billion, while its average assets under management (AUM) grew by 14% to $10.458 billion.458 billion.

'BlackRock recorded $82 billion in total net inflows in the second quarter', also points out its President and CEO Laurence Fink, adding that it is 'on track to close the planned acquisition of Global Infrastructure Partners in the third quarter of 2024'.

Copyright (c) 2024 CercleFinance.com. All rights reserved.