BlackRock’s Q2 results topped estimates, driven by $868B in net inflows and 10% organic base fee growth over the past year.
J.P. Morgan Securities upgraded BlackRock to a Buy-equivalent rating following its second-quarter earnings release. The firm’s results exceeded consensus expectations, supported by $868 billion in net inflows over the last 12 months.
BlackRock reported 10% organic base fee growth, reflecting strong demand for its asset management services. The upgrade follows a period of market volatility that tested investor confidence in large asset managers.
No immediate market reaction was detailed in the announcement.