The asset manager posted adjusted EPS of $13.91 on $7.08 billion in revenue, with net inflows of $191.70 billion adding to its expanding scale.
BlackRock beat Wall Street expectations in the second quarter, reporting adjusted EPS of $13.91 versus estimates of $12.66 and revenue of $7.08 billion against expectations of $6.82 billion. Assets under management climbed to $15.34 trillion, while net inflows totaled $191.70 billion, extending growth at the world's biggest money manager. The results point to continued momentum in BlackRock's core business as fresh client money and rising asset levels reinforce its market leadership.