Jul. 15 at 4:42 PM
$BLK beats earnings but trades 6.4% lower today — what's going on? 🤔
The asset giant reported Q2 EPS of
$12.05, smashing the Zacks Consensus Estimate of
$10.66, with AUM hitting a record
$12.52 trillion. Yet, rising total expenses are a concern, up 23% year over year.
Full analysis here 👉 https://www.zacks.com/stock/news/2583153/blackrock-q2-earnings-beat-on-aum-growth-higher-revenues-stock-down?cid=sm-stocktwits-2-2583153-body-1918&ADID=SYND_STOCKTWITS_TWEET_2_2583153_BODY_1918