Blackrock Misses the Profit Target with the Margin of 30%, What's Next?

BlackRock Inc reported a larger quarterly loss than anticipated on Friday due to the turmoil in global markets.

Blackrock Q2 Results- Biggest Assest Manager

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The adjusted profit dropped to $1.12billion, or $7.36 per shares, in the three months ending June 30.

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BlackRock reported that retail investors drew $10 billion during the quarter. The firm still received $89.6 billion.

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BlackRock's assets under Management (AUM), fell 11% to $8.49 Trillion last year. This is well below the $10 Trillion.

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Larry Fink, Chief Executive Officer of the firm, stated in a statement that "investors are simultaneously dealing with high inflation.

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Fund managers are under increasing pressure due to concerns about rising inflation, geopolitical turmoil.

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Investors have had to restructure their portfolios in order to make room for safe-haven or fixed-income products.

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Social Media Giant Pinterest Share Jumps more than 20% after the Wall Street Journal Announcement.

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BlackRock Inc reported a larger quarterly loss than anticipated on Friday due to the turmoil in global markets.

Blackrock Q2 Results- Pofit Margin

Blackrock Q2 Results- Biggest Assest Manager

The fee income of the world's biggest asset manager was reduced and retail investors redeemed their savings.

The adjusted profit dropped to $1.12billion, or $7.36 per shares, in the three months ending June 30.

Blackrock Q2 Results- Drop in Profits

BlackRock reported that retail investors drew $10 billion during the quarter. The firm still received $89.6 billion.

Blackrock Q2 Results- Retail Investors

BlackRock's assets under Management (AUM), fell 11% to $8.49 Trillion last year. This is well below the $10 Trillion.

Blackrock Q2 Results- Under Management

Larry Fink, Chief Executive Officer of the firm, stated in a statement that "investors are simultaneously dealing with high inflation.

Blackrock Q2 Results- CEO Statement

Fund managers are under increasing pressure due to concerns about rising inflation, geopolitical turmoil.

Blackrock Q2 Results- Fund Manager

Image Source-CNBC

Investors have had to restructure their portfolios in order to make room for safe-haven or fixed-income products.

Blackrock Q2 Results- Portfolios

Image Source-Financial Times

Social Media Giant Pinterest Share Jumps more than 20% after the Wall Street Journal Announcement.

Why Pinterest Share Jumped More than 20%