Wall Street Expects BlackRock’s Assets to Hit Fresh Record
Rising stock prices tend to bode well for BlackRock, the world’s largest money manager, as inflows boost the hundreds of funds it offers. The past quarter was likely no exception.
Analysts tracked by FactSet expect the New York-based firm to report a record $11.65 trillion of assets under management when it reports fourth-quarter and full-year earnings on Wednesday.
That would mark a rise from $11.5 trillion at the end of September–and an increase from $10 trillion a year ago. The S&P 500 is trading 4% below the record level it hit in early December.