Jim Cramer: Is Larry Fink Too Cautious?
BlackRock CEO Larry Fink may have been too cautious on the market when he was speaking on CNBC Thursday morning, says Jim Cramer.
BlackRock (BLK) - Get Report CEO Larry Fink may have been too cautious on the market when he was speaking on CNBC Thursday morning, says TheStreet's Jim Cramer. BlackRock posted mixed results for the second quarter this morning. For the quarter ended June 30, BlackRock posted earnings of $4.73 a share, missing Bloomberg's consensus estimate of $4.78, and down from $4.84 the same quarter last year. Revenue of $2.8 billion was slightly higher than expectations, and down three percent from last year. BlackRock's iShares line of exchange-traded funds accounted for more than a third of the company's base fees for the quarter, while making up just a quarter of the assets under management.
