Blackrock raises 200 billion in the third quarter, earnings per share +38%

In the third quarter, BlackRock raised $205 billion in new capital, recording a strong increase in revenues.

Bloomberg reports this, explaining that the largest asset manager in the world has been engaged in an important transformation for a year now aimed at expanding its presence in private markets, characterized by higher commissions.

Blackrock recorded a net inflow of $135 billion into ETFs (exchange-traded funds) and $66 billion into actively managed funds.

Revenues increased 19% from the previous year and total assets under management reached a record $15.5 trillion.

“Demand for capital is growing in the global economy, and BlackRock is increasingly at the center of the dynamics of allocating and managing those assets,” said CEO Larry Fink.

BlackRock's adjusted earnings per share for the quarter rose 38% year over year to $15.93.

The result exceeds the average estimate of $14.15 expected by analysts, Bloomberg points out.