BlackRock (BLK) Surges as Q3 Revenue Beats Expectations

Oct 11, 2024

BlackRock (BLK, Financial), a leading investment management firm, saw its shares rise significantly, with an increase of 3.37% to $987.83. This surge followed the announcement of its third-quarter earnings that exceeded market expectations.

The company reported a revenue of $5.2 billion for the third quarter, surpassing the anticipated $5 billion. Additionally, BlackRock's assets under management (AUM) grew to an impressive $11.48 trillion, outpacing the market's forecast of $11.19 trillion.

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