BlackRock assets hit $15.5 trillion after 15% growth
AI-generated briefing · First published
BlackRock’s assets under management reached nearly $15.5 trillion, up 15%, while Morgan Stanley beat earnings estimates.
BlackRock reported assets under management of nearly $15.5 trillion after 15% growth, and Morgan Stanley posted third-quarter earnings per share of $3.03, beating the $2.91 estimate, with revenue of $20.34 billion versus $19.95 billion expected. [1] [3]
BlackRock also attracted $205 billion in net inflows, reaching a record high, and has expanded its presence in private capital through acquisitions of HPS and Global Infrastructure Partners. [1] [2]
Sources
- BlackRock’s assets equal half the size of the U.S. economy after 15% growth
MarketWatch · · Summary only
- BlackRock pulls in $205bn to take assets to record high
FT Markets · · Summary only
- Morgan Stanley tops estimates as equities trading revenue exceeds expectations by $909 million
CNBC · · Full text