BlackRock Crushes Q2 Earnings Forecasts

Shares of BlackRock (BLK) ticked up as the world's largest asset manager surpassed second-quarter earnings and revenue expectations. Earnings edged up 1% to $4.96, easily exceeding views by 14 cents. Revenue grew 5% to $2.91 billion, above forecasts for $2.85 billion, marking the 12th consecutive year-over-year revenue gain. Shares rose 0.2% to 343.36 in the stock market today. The stock has been trading below its 50-day line since breaking

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