AMWatch

Blackrock powers past top Q1 analyst forecasts

The world's largest asset manager, US-based Blackrock, made more money in the first quarter of 2018 than even the most bullish analysts had expected.

Earnings per share at US asset management giant Blackrock were USD 6.70 in the first quarter of 2018 -- a result which exceeds average analyst expectations of USD 6.38, according to estimates gathered by Bloomberg News. The estimates ranged from USD 6.22 and 6.55.

The company's total income for the quarter was USD 3.58 billion compared to the expected USD 3.42 billion. Analysts' forecasts for this figure were between USD 3.15 billion and USD 3.58 billion.

At the end of the quarter, the company had USD 6.320 trillion in assets under management.

English edit: Daniel Frank Christensen.

Frontpage right now

Philanthropic investor in drive to boost green impact of its assets

Denmark's Velux Foundations aim for achieving higher impact with their assets — and in line with their endowment policy. AMWatch visited the philanthropic investor's CIO to discuss the state of its two-year old impact investment strategy and the experimentation needed to implement such a strategy.

Sampension: Private equity cash overflow worries investors

Private equity markets have attracted an ever-increasing amount of capital over the past few years, and funds are now overflowing with money. AMWatch talks to Sampension's Head of Alternative Investments about the consequences for investors.

PKA CIO comments on controversial resignation: We agreed on strategy

After months of controversy, the head of the Danish pension provider PKA now gives his own account of the series of resignations that occurred in the company's alternative investments department: We agreed upon strategy, but it is important to agree on both strategy and terms, he says to AMWatch's sister site, FinansWatch.

...and more about people

The Nordic financial group's pension wing Nordea Liv & Pension shuffles its board of directors, the managing director of Danish mutual fund Jyske Invest Fund Management announces retirement, a risk manager names head of global sales and a Norwegian becomes a member of supervisory board of EUR 475 billion asset manager.

Related articles

amwatch trialbanner.jpg

Latest news

Jobs

See all

See all

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch