In the second quarter, BlackRock, the largest asset manager and one of the largest investment firms in the world, it disappointed expectations in terms of profit and turnover, which have also been on the increase. However, assets under management increased 16% to $5.690 trillion.
The company posted net profits of $857 million, $5,22 per share, up 9% from $789 million, $4,73 per share, in the same period last year. Excluding extraordinary items, profits are at $5,24 a share, while analysts were waiting for a figure at 5,40 dollars. Revenue climbed 6% to $2,97 billion, again below a $2,99 billion forecast.
