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

Danske Bank AM: Handling risk is our competitive edge for the future

With markets changing -- and doubts the nine-year-old bull market will live to be ten -- asset managers are facing a different set of demands. Recently crowned "Best Nordic Asset Manager" by Swedish benchmark provider Prospera, Danske Bank AM tells AMWatch what the future holds for the sector.

.....and more about people

Job shifts continue in the asset management industry despite the summer lull. With the chair of a Danish Credit Boutique stepping down, here are the week's essential recruitment moves:

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