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BlackRock Inc (N:BLK)

Business Focus: Investment Management & Fund Operators

Sector:  Financials Industry:  Investment Management & Fund Operators
 
See Regulatory Filings on SEC
Company Contact
Address: 50 Hudson Yards
NEW YORK NY 10001
Tel: N/A
Website: https://www.blackrock.com
IR: See website
Key People
Laurence D. Fink
Chairman of the Board, Chief Executive Officer
Mark K. Wiedman
Senior Managing Director, Head of International and of Corporate Strategy
Robert S. Kapito
President, Director
Martin Small
Chief Financial Officer, Senior Managing Director
Robert L. Goldstein
Chief Operating Officer, Senior Managing Director, Head of BlackRock Solutions
Christopher J. Meade
Chief Legal Officer, General Counsel, Senior Managing Director
Stephen Cohen
Senior Managing Director, Head of EMEA
Caroline Heller
Senior Managing Director, Global Head of Human Resources
J. Richard Kushel
Senior Managing Director, Head of the Portfolio Management Group
Rachel Lord
Senior Managing Director, Head of Asia Pacific
   
Business Overview
BlackRock, Inc. is an investment management company. The Company provides a range of investment management and technology services to institutional and retail clients. Its diverse platform of alpha-seeking active, index and cash management investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients. The Company's product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives, and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares and exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. The Company also offers technology services, including the investment and risk management technology platform, Aladdin, Aladdin Wealth, eFront, and Cachematrix, as well as advisory services and solutions.
Financial Overview
For the three months ended 31 March 2024, BlackRock Inc revenues increased 11% to $4.73B. Net income increased 36% to $1.57B. Revenues reflect Investment advisory performance fees increase from $55M to $204M, Technology services revenue increase of 11% to $377M, Advisory and other revenue increase from $27M to $59M. Net income benefited from Net gain (loss) on investments increase of 92% to $171M (income).