BlackRock CEO reveals how $1.59 billion profit surge defies S&P 500 decline
Key Points
- BlackRock posted $1.59 billion in profits, outperforming the...
BlackRock just posted $1.59 billion in quarterly profits while the rest of the S&P 500 stumbled through earnings season like a tourist navigating Times Square. At $10.19 per share, the world's largest asset manager proved that sometimes being the house really does mean you always win.
When Everyone Else Zigs, BlackRock Zags
While the S&P 500's earnings growth limped along at a measly 5% year-over-year, BlackRock caught the equity rally wave like a seasoned surfer. The firm's resilience showcases what happens when you manage other people's money instead of just hoping your own investments...
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