BlackRock's Q2 net asset inflows fall short

By Alexander Bueso

Date: Friday 14 Jul 2023

(Sharecast News) - BlackRock easily surpassed analysts' estimates for second quarter profits, but net inflows fell short.
The fund manager said posted quarterly adjusted net earnings of $9.28.

That compared to $7.36 for the same period one year ago and analysts' estimates for $8.52.

Net asset inflows on the other hand underwhelmed, coming in at a pace of $80bn, instead of the $109bn anticipated on Wall Street.

The firm's top-line reflected dipped by 1% to $4.46bn (FactSet: $4.47bn).

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