{"id":1914842,"date":"2023-04-14T11:26:26","date_gmt":"2023-04-14T15:26:26","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/blackrock-first-quarter-profit-beats-on-robust-inflows\/"},"modified":"2023-04-14T11:27:28","modified_gmt":"2023-04-14T15:27:28","slug":"blackrock-first-quarter-profit-beats-on-robust-inflows","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/blackrock-first-quarter-profit-beats-on-robust-inflows\/","title":{"rendered":"BlackRock first-quarter profit beats on robust inflows"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fblackrock-first-quarter-profit-beats-on-robust-inflows%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1914842&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p> <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<p>BlackRock Inc has reported a better-than-expected quarterly profit, as investors continue to pump money into its various funds, which partially offset fee income losses due to the banking system crisis that affected financial markets globally. <\/p>\n<p>In comparison to $86 billion a year earlier, net inflows for the first quarter amounted to $110 billion. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<\/p>\n<p>BlackRock Chief Executive Larry Fink recently said: \u201cI believe today\u2019s crisis of confidence in the regional banking sector will further accelerate capital markets growth, and BlackRock will be a central player.\u201d <\/p>\n<p>The value of various securities dwindled, and there were fears of liquidity shortage after the banking crisis occurred in the U.S. in the later part of the Q1, which resulted in market downturns. <\/p>\n<p>BlackRock, the world\u2019s largest asset manager, had $9.1 trillion in assets under management at the end of Q1, which is down from $9.57 trillion a year ago but up from $8.59 trillion in Q4 last year. <\/p>\n<p>After the banking crisis, Fink used his annual letter to CEOS and investors to warn against potential \u201cliquidity mismatches\u201d within the financial industry. <\/p>\n<p>The majority of BlackRock\u2019s revenue comes from investment advisory and administration services, and the adjusted profit was $7.93 per share, which beat analysts\u2019 estimated profit of $7.76 per share, according to Refinitiv IBES data. <\/p>\n<p>However, the quarterly revenue decreased from $4.7 billion to $4.2 billion. <\/p>\n<p> (Reporting by Jaiveer Singh Shekhawat in Bengaluru and Davide Barbuscia in New York; Editing by Shounak Dasgupta)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/blackrock-first-quarter-profit-beats\/attachment\/file-photo-a-sign-for-blackrock-inc-hangs-above-their\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The new proposed auto pollution standards policy by the Biden EPA could result in a \u2018de-facto Electric Vehicle mandate,\u2019 according to Competitive Enterprise Institute energy policy expert Marlo Lewis. It could potentially force the end of internal combustion engine car production.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Identifying the alleged source of leak on the recent Pentagon documents has been quicker compared to identifying the one for an unprecedented Supreme Court draft decision, revealing the differing enthusiasm of journalists and The Intelligence Community.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The FBI has tracked down the alleged source of the recent Pentagon leak, and there could be a challenge to the U.S. dollar from the BRICS, while an abortion bill gets prescribed again.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Gavin Pike<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Italy\u2019s data protection agency stated that it would lift its temporary ban on OpenAI\u2019s ChatGPT artificial intelligence (AI) technology\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Dutch navigation and digital mapping group, TomTom, recorded a surprise Q1 profit, thanks to cost control measures. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Nvidia Corporation has announced that it will add more features to its mid-range chips for gamers. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Cryptocurrency ether gained by more than 5% early in Asian trading on Friday, as traders felt relieved\u2026 <\/p>\n<\/p><\/div>\n<p><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -BlackRock Inc reported a quarterly profit on Friday that beat analysts\u2019 estimates as investors continued to pour money in its various funds, cushioning the hit to its fee income from a global banking rout that rippled through financial markets. Net inflows for the first quarter were at $110 billion, compared with $86 billion a<\/p>\n","protected":false},"author":66,"featured_media":1914843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[8080,7002,24381,24382,7116,22180],"class_list":["post-1914842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-beats","tag-blackrock","tag-first-quarter","tag-inflows","tag-profit","tag-robust"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1914842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1914842"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1914842\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1914843"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1914842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1914842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1914842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}