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Benzinga
Benzinga
Business
Lekha Gupta

Strong Fee Growth And Citi Mandate Boost BlackRock's Outlook

BlackRock Citi BLK
Jakarta,,Indonesia,-,October,19,2022:,Blackrock,,Inc.,Logo,Displayed,On

BlackRock Inc. (NYSE:BLK) posted a stronger-than-expected third-quarter performance, fueled by rising performance fees and solid margin expansion, with assets under management climbing to $13.5 trillion.

The firm’s robust organic base fee growth and favorable revenue mix underscore its ability to drive operating leverage, positioning it for continued momentum into year-end.

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