This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
BlackRock Inc. reported strong quarterly earnings, yet its shares plummeted by 7%, marking the worst earnings-day drop in over a decade. Analysts suggest the market is reacting to the firm’s strategic shift toward private markets and technology. The asset manager’s future growth may hinge on its ability to execute this new vision.
- BlackRock shares fell 7% despite beating earnings estimates, marking the worst earnings-day drop in over a decade.
- Analysts attribute the decline to investor concerns over execution risks in BlackRock’s shift toward private markets and technology.
- The firm’s future growth is expected to rely less on ETFs and more on Aladdin and private market investments.
📎 Related coverage from: bloomberg.com