BlackRock Stock News

BlackRock, Inc. (NYSE:BLK ) Q1 2025 Earnings Conference Call April 11, 2025 7:30 AM ET Company Participants Christopher Meade - General Counsel Martin Small - CFO Laurence Fink - Chairman & CEO Conference Call Participants Michael Cyprys - Morgan Stanley Craig Siegenthaler - Bank of America Alex Blostein - Goldman Sachs Michael Brown - Wells Fargo Patrick Davitt - Autonomous Research Dan Fannon...

BlackRock Inc (NYSE:BLK) shares edged higher on Friday morning after the global investment manager reported mixed financial results for the first quarter. The company's assets under management (AUM) reached an all-time high of $11.58 trillion, up 11% year-over-year, driven by $84.17 billion in inflows.

The asset management executive spoke to CNBC's "Squawk Box" about the state of the economy, which has been rattled by tariffs from the Trump administration.

Gold prices hit $3,200 for the first time on Friday. Trump's tariffs and China's retaliatory action have roiled global markets.

BlackRock, now managing $11.6 trillion, has more employees outside the US than in its home country. On the firm's first-quarter earnings call, CEO Larry Fink stressed its global reach.

BlackRock (BLK) reported better-than-expected first-quarter adjusted profit as the investment giant reported another assets under management (AUM) record.

BlackRock Inc.'s Chief Executive Larry Fink said Friday conversations with clients are now “dominated by uncertainty and anxiety about markets and the economy” in the wake of huge swings in stock prices around President Trump's tariffs.

BlackRock's quarterly net income fell slightly from a year earlier, while the investment firm's assets under management edged higher to a record $11.6 trillion.