BlackRock Reports Second Quarter 2024 Earnings

Rhea-AI Summary

BlackRock, Inc. (NYSE: BLK) has released its financial results for the second quarter of 2024. The company's earnings release and supplemental materials are available on their investor relations website. A teleconference call for investors and analysts will be hosted by Chairman and CEO Laurence D. Fink, President Robert S. Kapito, and CFO Martin S. Small at 7:30 a.m. ET.

Interested participants can dial in from the United States at (313) 209-4906 or from outside the US at (866) 400-0049, referencing the BlackRock Conference Call (ID Number 8861191). A live, listen-only webcast will also be available on BlackRock's website, with a replay accessible by 10:30 a.m. ET on July 15, 2024.

Insights

Financial Analyst

BlackRock’s second-quarter earnings report for 2024 is a significant event for investors. By examining the company's financial statements, one can assess the firm’s performance, especially focusing on key metrics like revenue growth, net income and earnings per share (EPS). These figures are important as they reflect the company's ability to generate profit and provide returns to shareholders.

Revenue growth indicates how well the company is expanding its core business. An increase suggests that BlackRock is attracting more clients or increasing its assets under management (AUM). On the other hand, net income and EPS provide insights into the company’s profitability. Higher net income and EPS are generally positive signals, suggesting efficient cost management and successful investment strategies.

For long-term investors, it’s essential to look beyond just one quarter. Comparisons with previous quarters and the same quarter in prior years can help determine whether the reported figures are part of a positive trend or an anomaly. Additionally, understanding the context of these results, such as the state of the broader financial markets and economic conditions, will offer a more comprehensive picture.

Lastly, BlackRock’s cost-to-income ratio and any changes in its business segments can provide valuable insights into operational efficiency and strategic focus areas.

Market Research Analyst

BlackRock's earnings report must be viewed within the larger context of the investment management industry. Changes in AUM, client inflows/outflows and market performance can significantly influence BlackRock's financial results. The company’s ability to attract new clients and retain existing ones is a testament to its market position and competitiveness.

Market conditions like rising interest rates, economic downturns, or geopolitical events can also affect performance. Should the report highlight strong client inflows and growth in AUM despite a challenging environment, it would indicate robust market positioning and resilience.

Investors should pay close attention to any forward-looking statements or guidance provided by the management. These insights can hint at the company’s expectations for future performance and strategic priorities. For example, investments in technology and innovation or expansions into new markets can be potential growth drivers that are worth monitoring.

NEW YORK--(BUSINESS WIRE)-- BlackRock, Inc. (NYSE: BLK) today released its financial results for the second quarter of 2024. The company’s earnings release and supplemental materials are available via ir.blackrock.com/quarterlyresults.

Teleconference, Webcast and Presentation Information

Chairman and Chief Executive Officer, Laurence D. Fink, President, Robert S. Kapito, and Chief Financial Officer, Martin S. Small, will host a teleconference call for investors and analysts at 7:30 a.m. ET. Members of the public who are interested in participating in the teleconference should dial, from the United States, (313) 209-4906, or from outside the United States, (866) 400-0049, shortly before 7:30 a.m. ET and reference the BlackRock Conference Call (ID Number 8861191). A live, listen-only webcast will also be available via the investor relations section of www.blackrock.com.

The webcast will be available for replay by 10:30 a.m. ET on Monday, July 15, 2024. To access the replay of the webcast, please visit the investor relations section of www.blackrock.com.

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate

View source version on businesswire.com: https://www.businesswire.com/news/home/20240714081921/en/

Caroline Rodda, Investor Relations

212.810.3442

caroline.rodda@blackrock.com

Ed Sweeney, Media Relations

646.231.0268

ed.sweeney@blackrock.com

Source: BlackRock

FAQ

When did BlackRock (BLK) release its Q2 2024 earnings?

BlackRock (NYSE: BLK) released its financial results for the second quarter of 2024 on the day of the announcement, as stated in the press release.

How can investors access BlackRock's (BLK) Q2 2024 earnings materials?

Investors can access BlackRock's Q2 2024 earnings release and supplemental materials via the company's investor relations website at ir.blackrock.com/quarterlyresults.

When is BlackRock's (BLK) Q2 2024 earnings call scheduled?

BlackRock's Q2 2024 earnings call is scheduled for 7:30 a.m. ET on the day of the announcement, as mentioned in the press release.

Who will host BlackRock's (BLK) Q2 2024 earnings call?

BlackRock's Q2 2024 earnings call will be hosted by Chairman and CEO Laurence D. Fink, President Robert S. Kapito, and CFO Martin S. Small.

How can investors participate in BlackRock's (BLK) Q2 2024 earnings call?

Investors can participate by dialing (313) 209-4906 from the US or (866) 400-0049 from outside the US, referencing the BlackRock Conference Call (ID Number 8861191).