Fri, Jan 14, 2022 6:48 AM
NEW YORK (AP) _ BlackRock Inc. (BLK) on Friday reported fourth-quarter earnings of $1.64 billion.
The New York-based company said it had net income of $10.63 per share. Earnings, adjusted for non-recurring gains, were $10.42 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $10.23 per share.
The investment firm posted revenue of $5.11 billion in the period.
For the year, the company reported profit of $5.9 billion, or $38.22 per share. Revenue was reported as $19.37 billion.
BlackRock shares have decreased 5% since the beginning of the year, while the S&P's 500 index has risen 24%. The stock has risen 11% in the last 12 months.