BlackRock reported third-quarter net income of $730 million, or $4.21 a share, compared to $642 million, or $3.65 a share, in the year-ago quarter, on revenue of $2.47 billion, up 7% from a year earlier. Earnings per share was $3.88 a share, on par with analyst expectations.
Shares are 0.35% higher to $283.25 in pre-market trading.
TheStreet Ratings team rates BlackRock Inc as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate BlackRock Inc (BLK) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."
- You can view the full analysis from the report here: BLK Ratings Report
Written by Keris Alison Lahiff.