×
2 Tuesday, April 16, 2019 08:56

Here comes BlackRock earnings ...

BlackRock should bounce back from fourth quarter market volatility when it reports earnings on Tuesday, according to analysts. The firm's assets declined in the fourth quarter, to $5.98 trillion, but analysts expect that number to pick back up, to $6.22 trillion - $6.5 trillion, according to Bloomberg data.
See more:Here are the 3 ways Larry Fink is positioning BlackRock to outperform after a 'challenging' year Overall, analysts are expecting a stronger earnings season for the asset management industry than the fourth quarter, when managers suffered from market volatility and saw clients pull billions.
In an analyst note last week, Jefferies' asset management researchers noted the S&P 500 was down 13.5% in the fourth quarter but up 13.65% in the first quarter. The more positive market led them to increase most of their earnings per share estimates for asset managers. The Jefferies analysts expect positive capital flows in the first quarter for BlackRock's individual investor business.
The firm will hold its earnings call at 8:30 a.m. EST on Tuesday. "2019 expense outlook will be a key focus of the earnings call," the analysts wrote. "Beyond the company's normal 'margin aware' commentary, we anticipate greater flexibility around [general and administrative expenses] and other discretionary items.
." Here are the rest of the key estimates: Revenue: $3.34 billion Net income: $965.25 million Adjusted earnings per share: $6.13 Sign up here for our weekly newsletter Wall Street Insider, a behind-the-scenes look at the stories dominating banking, business, and big deals...
Full Story

News Code: 110829  |  Insider
All news has been gathered by RoboNews Crawler

Related News

Microsoft Earnings: Mark Your Calendar
Motley Fool
.
.
Software giant Microsoft (NASDAQ:MSFT) just put a date to its fiscal third-quarter earnings report; the company will release results for the period on April 24.Given the stock's 18...
Microsoft Earnings: Mark Your Calendar
Why lululemon athletica Stock Jumped Thursday
Motley Fool
.
.
What happenedShares of athletic apparel company lululemon athletica (NASDAQ:LULU) shot higher on Thursday, climbing 16% as of 11:11 a.m. EDT.The stock's gain follows Lululemon's fo...
Why lululemon athletica Stock Jumped Thursday
Is It Finally Time to Buy Dollar General Stock?
Motley Fool
.
.
Shares of Dollar General (NYSE:DG) recently dipped after it posted a mixed fourth quarter. The discount retailer's revenue rose 8.5% annually to $6.65 billion, beating estimates by...
Is It Finally Time to Buy Dollar General Stock?
Better Buy: Amazon vs. Facebook
Motley Fool
.
.
Amazon.com (NASDAQ:AMZN) is the do-everything store. It continues to attract new loyal customers through its Prime membership service -- over 100 million and growing. The company h...
Better Buy: Amazon vs. Facebook

Latest Business news

Business

Why Diversification Matters

TheStreet.com
.
.
A properly diversified portfolio helps you reach your financial goals by spreading your investments over a number of asset categories to avoid excessive exposure to risk. But when ...
Why Diversification Matters

Wall Street jogs in place in quiet trading session

Reuters
.
.
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermidNEW YORK (Reuters) - U.S. stocks ended a low-v...

Barclays to cut investment bankers' bonuses: FT

Reuters
.
.
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson(Reuters) - Barclays Plc is planning to cut ...

Latest news pictures
  • Why Diversification Matters
  • Demand is so high for 'Avengers: Endgame' that many AMC theaters will open 24 hours a day all weekend
  • Sean Hannity knew about the famous Trump Tower meeting more than a week before it became public, according to the Mueller report
  • Sri Lanka attacks: Authorities face scrutiny over advance warnings
  • Facebook hires top State Department lawyer as general counsel
  • The cost of oil shoots above $65 a barrel as the White House vows to bring Iran exports to zero
  • The Best Competitors to Every First-Party Google App and Service
  • Speed Up Your PC With a 1TB SSD For Just $100
  • China's New Video Game Rules Officially Ban Blood, Corpses, Mahjong, and Poker
  • 8 Unanswered Questions From 'Game Of Thrones' Episode 2: 'A Knight Of The Seven Kingdoms'
  • With Coachella Wrapped, Goldenvoice Heads West to Long Beach for Summer Festival Season
  • How Kelsey Lu Processed a Painful Past Into a Message of Hope on Her Debut Album 'Blood'
  • Kacey Musgraves Adds West Coast Dates to Oh, What A World: Tour II
  • Martin Garrix Teases Collab With Macklemore & Fall Out Boy's Patrick Stump: Listen
  • Ariana Grande's 13 Most Unforgettable Tweets
  • Snake-Inspired Robot Slithers Fast
  • How Blindness Shapes Sound Processing
  • Defying the Laws of Physics? Bubbles of Sand
  • Jamie Carragher lambasts Manchester United display against Everton
  • Episode 35: Jack Johnson/ALO's Zach Gill & Son Volt's Jay Farrar
  • ‘KUWTK: The Most Unforgettable Sibling Fights The...
  • Dell Technologies extends systems integrator agreement with Cisco
  • Linux on DeX now supports the Galaxy S9, Galaxy Tab S5e, and Galaxy Note 8, and hints at upcoming Galaxy Tab S5 support
  • What Black Widow Could Learn From Thanos
  • Big Video Game Sale On Now at Amazon: Kingdom Hearts, RE2 and More
  • Bad News for Spotify? Amazon Launches Free Music Streaming Service
  • REI has a little-known section of its website that sells gently used gear and clothes for up to 70% off — here's how it works
  • A $2,000 bridal get-up, $100 of body glitter, and $30 thrift store discoveries: We asked 11 people how much their Coachella outfits cost, and here's what they told us
  • Here's exactly why experts recommend one type of life insurance over the other
  • Barcelona boss Ernesto Valverde reveals La Liga demand before Liverpool clash
  • Qatar opens Gaza artificial limb and rehab centre
  • 'Just their shoes': Sri Lanka struggles to identify the dead
  • Your Corpse Is Likely Getting All Kinds of Fun New Options in Washington State
  • Blind People Really Do Have More Sensitive Hearing, MRI Study Finds
  • Meghan McCain's Explosive Feud with Joy Behar Continues on 'The View', Whoopi Goldberg Cuts to Commercial
  • Polyphonic Spree Announce #CareForTheCaravan Benefit for Migrants
  • Jamie Carragher lambastes Manchester United display against Everton
  • ‘Avengers: Endgame’: Why Fans Will Feel...
  • These Are the Rarest Animals in the World
  • Who Will Meet Prince Harry and Meghan Markle’s Baby First?