Source: Dreamstime
Reading time: 2 minutes
On 14th January 2021 (Thursday), the multinational investment management corporation posted better-than-expected financial performance as an increasing number of investors flocked to BlackRock’s exchange-traded and active funds to escape the volatility caused by the U.S. presidential elections and the release of several COVID-19 vaccines.
In the past week, BlackRock’s shares entered a short rally and reached record highs as investors expected the improving market conditions to greatly benefit the company.
Here are the main financial highlights from BlackRock Inc.’s Q4 earnings release:
– Total revenue of $4.478 billion, or a positive year-over-year change of 13%
– Net income for the period of 1.548 billion – 20% rise compared to last year
– Operating income of $1.848 billion, resulting in 20% year-over-year growth
– Earnings per share of $10.02, beating Wall Street forecasts for a dollar less
– Assets under management grew to $8.68 trillion from $7.43 trillion a year earlier
– Total net inflows in the quarter amounted to $126.93 billion compared to $128.84 billion from last year
“The world faced unprecedented challenges in 2020 – many of which continue today. Through it all, BlackRock remained steadfast in meeting the needs of all our stakeholders. We stayed true to our purpose and used our voice and values to advocate on behalf of the institutions and individuals we help to meet their investment and savings goals, and to be a positive force in the communities where we operate. . . We begin 2021 well-positioned and intend to keep investing in our business to drive long-term growth and to lead the evolution of the asset management industry”.
Laurence D. Fink, Chairman and CEO of BlackRock
In 2020, BlackRock has returned a total $3.8 billion to shareholders, of which $1.5 billion was given back in the form of share repurchases.
Upcoming reports
See the full list of upcoming earnings reports for 18 – 23 January in the tables below.
Monday, January 18th 2021
| Country of origin | Company name | Fiscal period |
|---|---|---|
| United Kingdom | Superdry PLC | Half Year 2021 |
Tuesday, January 19th 2021
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | Netflix Inc | Q4 2020 |
| USA | Interactive Brokers Group Inc | Q4 2020 |
| USA | Bank of America Corp | Q4 2020 |
| USA | Goldman Sachs Group Inc | Q4 2020 |
| USA | Halliburton Co | Q4 2020 |
| USA | State Street Corp | Q4 2020 |
Wednesday, January 20th 2021
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | Alcoa Corp | Q4 2020 |
| USA | United Airlines Holdings Inc | Q4 2020 |
| USA | U.S. Bancorp | Q4 2020 |
| USA | Bank of New York Mellon Corp | Q4 2020 |
| USA | Morgan Stanley | Q4 2020 |
| USA | Fastenal Co | Q4 2020 |
| USA | Texas Instruments Inc | Q4 2020 |
| Kingdom of the Netherlands | ASML Holding NV | Q4 2020 |
Thursday, January 21st 2021
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | Intuitive Surgical Inc | Q4 2020 |
| USA | Intel Corp | Q4 2020 |
| USA | International Business Machines Corp | Q4 2020 |
| USA | CSX Corp | Q4 2020 |
| USA | Fifth Third Bancorp | Q4 2020 |
| USA | Procter & Gamble Co | Q2 2021 |
| USA | Truist Financial Corp | Q4 2020 |
| USA | Travelers Companies Inc | Q4 2020 |
| USA | KeyCorp | Q4 2020 |
| USA | American Airlines Group Inc | Q4 2020 |
| USA | Union Pacific Corp | Q4 2020 |
| USA | Citrix Systems Inc | Q4 2020 |
| Sweden | Sandvik AB | Q4 2020 |
| United Kingdom | IG Group Holdings PLC | Half Year 2021 |
Friday, January 22nd 2021
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | Schlumberger NV | Q4 2020 |
| Norway | Gjensidige Forsikring ASA | Q4 2020 |
Saturday, January 23rd 2021
| Country of origin | Company name | Fiscal period |
|---|---|---|
| India | ICICI Bank Ltd | Q3 2021 |
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