BlackRock announced earnings per share of $10.18 on revenue of $4.48B. Analysts polled by Investing.com anticipated EPS of $8.66 on revenue of $4.18B.
BlackRock shares are up 8% from the beginning of the year, still down 1.05% from its 52 week high of $788.00 set on January 13. They are outperforming the S&P 500 which is up 1.43% from the start of the year.
BlackRock follows other major Financial sector earnings this month
BlackRock’s report follows an earnings beat by Jefferies Financial on January 4, who reported EPS of $1.11 on revenue of $1.86B, compared to forecasts EPS of $0.5 on revenue of $1.26B.
Saratoga Investment Corp had missed expectations on January 6 with third quarter EPS of $0.4 on revenue of $14.28M, compared to forecast for EPS of $0.4733 on revenue of $13.47M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar