trending Market Intelligence /marketintelligence/en/news-insights/trending/Y9KZtpI982Sq51dVI0S_fg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

BlackRock sees lower fees in Q2 as asset mix tilts toward fixed income, cash

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

BlackRock sees lower fees in Q2 as asset mix tilts toward fixed income, cash

reported second-quarter netincome attributable to the company of $789 million, or $4.73 per share, downfrom $819 million, or $4.84 per share, in the prior-year quarter.

Thecompany's adjusted net income for the quarter came in at $797 million, or $4.78per share, compared to $838 million, or $4.96 per share, in the year-agoquarter.

TheS&P Capital IQ consensus normalized EPS estimate for the quarter was $4.78.

Revenuetotaled $2.80 billion, down from $2.91 billion in the second quarter of 2015.Investment advisory, administration fees and securities lending revenuedeclined year over year to $2.49 billion from $2.53 billion as clients shiftedto fixed income and cash products from equity.

Thecompany saw total long-term net inflows of $1.54 billion during the quarter.The iShares ETF business pulled in $15.68 billion in client money, but retailand institutional businesses saw net outflows of $6.29 billion and $7.85billion, respectively. Total long-term AUM stood at $4.505 trillion as of June30, compared to $4.435 trillion at March 31 and $4.437 trillion at June 30,2015.

Thecompany made $275 million of share repurchases during the quarter.