15.10.2024
BlackRock's super record numbers
Not only the US markets, but also the large asset management company BlackRock can these days celebrate record results. Unprecedented volume of assets under management BlackRock, the world's largest asset management company, released some absolutely record-breaking figures at the end of this third quarter of 2024. The certainly most impressive number is the volume of assets under management: $11.5 trillion, a figure that, as Andrea Greco points out in ‘La Repubblica’, corresponds to about five times the GDP of Italy, but is even higher than the sum of the GDPs of Japan and Germany. BlackRock's record numbers Operating profits are about $2 billion, while net income is over $1.6 billion (revenues are about $5.2 billion). These results have been accompanied by a 23% growth in the stock market this year, so that today the stock is approaching $1,000 per share from around $780 at the beginning of the year. Larry Fink's recent visit to Italy Recently, BlackRock ...