economy and politics

Earnings of the world’s largest asset manager in 2023

BlackRock, the largest asset manager in the world, obtained a net profit of 2,523 million dollars between January and Juneslightly above the 2,513 million dollars in the same period of 2022.

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As reported by the US entity, income fell by 5.6% to 8,706 million dollars.

In the third quarter, BlackRock obtained a profit of 1,366 million dollars, which represents an increase of 12.3% compared to the same quarter of the previous year; Revenues for the period rose to 4,463 million dollars and 1.4% below the previous year.

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In a note, the manager explains that its assets under management reached 9.4 trillion dollars in the semester, above the closing figures for 2022, 8.48 trillion dollars.

Regarding earnings per share, in the second quarter it reached 9.28 dollars, 0.85 dollars above expectations, which were 8.43.

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EFE

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