BlackRock shares slump even
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CNBC’s Brian Sullivan with BlackRock CEO Larry Fink, join 'Money Movers' to discuss earnings results, the energy trade and investing in AI and infrastructure.
As Larry Fink reshapes BlackRock Inc. beyond public markets, its latest results show one thing: Expectations for the world’s largest asset manager are going up.
BlackRock's assets under management hit a new high in the second quarter as global markets rallied on the prospect of trade deals and interest-rate cuts from the U.S. Federal Reserve, brushing aside earlier tariff-related jitters.
An Asian institutional client pulled $52 billion from the asset manager during the second quarter, crimping net client inflows into the investment firm.
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The firm’s strongest inflows were across its bond ETFs, which counted just under $44bn of additions in the period. BlackRock’s crypto and digital asset ETFs also reported $14bn of inflows, as investors push bitcoin and other cryptocurrencies to record highs.
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Cryptopolitan on MSNBlackRock, JPMorgan, Wells Fargo and Citi post record earnings on Wall StreetWall Street’s top banks just posted second-quarter numbers that blew the lid off estimates, per financial reports reviewed by Cryptopolitan. BlackRock, JPMorgan, Wells Fargo, and Citigroup delivered historic figures that prove Trump’s antics don’t bother the trading floor at all.
Fink has overseen BlackRock’s rise to the world’s largest money management firm with more than $10 trillion in assets. He also serves on the board of the World Economic Forum, and believes opening up private-equity markets will help reduce the gap between rich and poor.
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Stocktwits on MSNTrump Reportedly Set To Announce $70B in AI, Energy Investments On Tuesday: Larry Fink, Alex Karp, Mike Wirth Expected To Attend The EventPresident Donald Trump is reportedly going to unveil $70 billion in new investments targeting artificial intelligence and energy infrastructure during an event near Pittsburgh on Tuesday. According to a Bloomberg report,