• Safi Bello

BlackRock Reports First Quarter 2017 Diluted EPS of $5.23, or $5.25 as adjusted

BlackRock press release ------- BlackRock, Inc. (NYSE: BLK) today reported financial results for the three months ended March 31, 2017. “BlackRock’s first quarter results reflect the strategic decisions we have made to complement our investment capabilities with industry-leading technology,” commented Laurence D. Fink, Chairman and CEO of BlackRock. “Over the last 29 years, we’ve kept our focus on the long-term, anticipating changes in the asset management ecosystem and consistently investing in our business, to meet the evolving needs of our clients. “Alpha generation, risk management and technology have always been the cornerstone of BlackRock. As the world becomes increasingly complex and interconnected, technology is becoming even more essential to clients, transforming the way both institutions and wealth managers construct portfolios, manage asset allocation, understand risk and engage and connect with clients. The recent repositioning of our active equity platform is yet another example of our commitment to anticipate and embrace change to deliver sustainable alpha for clients. “First quarter long-term net inflows of $80 billion, representing annualized organic asset growth of 7%, were positive across product type, client type and region. Our commitment to investing for future growth and leveraging the benefits of scale for clients and shareholders also resulted in a 12% increase in Aladdin® revenue and 100 basis points of margin expansion year-over-year. To get more in depth information click on the picture below to read the release.

BlackRock Reports First Quarter 2017 Diluted EPS of $5.23, or $5.25 as adjusted - Read More from BlackRock

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