BlackRock's assets reached a record in the fourth quarter of over $11 trillion, driven by a more than 20% profit increase. The world's largest money manager saw assets rise from nearly $10 trillion a year ago. Net income increased significantly from the previous year, reflecting higher earnings per share. The growth was fueled by stronger equity markets, particularly following the U.S. stock market rally post-Donald Trump’s election. BlackRock also bolstered its position in private markets, spending $25 billion on key investments.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02BlackRock's assets reached a record in the fourth quarter of over $11 trillion,
00:06driven by a more than 20% profit increase.
00:08The world's largest money manager saw assets rise from nearly $10 trillion a year ago.
00:14Net income increased significantly from the previous year, reflecting higher earnings per
00:17share. The growth was fueled by stronger equity markets, particularly following the U.S. stock
00:22market rally post-Donald Trump's election. BlackRock also bolstered its position in private
00:27markets, spending $25 billion on key investments. For all things money, visit Benzinga.com.