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BlackRock earns 1,478 million in the first quarter and raises the dividend

Date: July 15, 2024 Time: 18:38:27

The fund management entity BlackRock closed the first quarter of 2024 with an attributable net profit of 1,478 million euros, which represents an increase of 36% compared to the same period in 2024, as announced by the company led by Larry Fink. By the end of the quarter, its assets under management accumulated a value of 9,841 billion euros, 15.2% compared to 8,541 billion euros a year ago.

The entity’s turnover reached 4,442 million euros, 11.4% more. Administration, investment and securities lending fees amounted to 3,550 million euros, followed by technological income of 354.2 million euros, 291.3 million euros from distribution commissions, and 191.7 million euros related to At rates based on investment performance. The other 55.4 million came from other income.

Continuing with the costs, which include employee payrolls, general and administrative expenses, increased by 8.2% to 2,852 million euros. Between January and March, net inflows worth 53,736 million euros were recorded, reaching an inflow of 236,000 million dollars.

growth stage

“With markets that are complex and full of opportunities, clients are increasingly turning to BlackRock for ideas and advice. It has some of the most potential we have ever seen,” emphasized Larry Fink, president and CEO of the firm. .

The company has announced that the dividend to be distributed for the quarter will this time be 4.79 euros compared to the previous 4.7 euros, 2% more.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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