BlackRock’s Shares Trade at Record Highs, Q4 and Full Year 2020 Profits Beat Expectations

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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 originCompany nameFiscal period
United KingdomSuperdry PLC
Half Year 2021

Tuesday, January 19th 2021

Country of originCompany nameFiscal period
USANetflix Inc
Q4 2020
USAInteractive Brokers Group Inc
Q4 2020
USABank of America Corp
Q4 2020
USAGoldman Sachs Group Inc
Q4 2020
USAHalliburton Co
Q4 2020
USAState Street Corp
Q4 2020

Wednesday, January 20th 2021

Country of originCompany nameFiscal period
USAAlcoa Corp
Q4 2020
USAUnited Airlines Holdings Inc
Q4 2020
USAU.S. Bancorp
Q4 2020
USABank of New York Mellon Corp
Q4 2020
USAMorgan Stanley
Q4 2020
USAFastenal Co
Q4 2020
USATexas Instruments Inc
Q4 2020
Kingdom of the NetherlandsASML Holding NV
Q4 2020

Thursday, January 21st 2021

Country of originCompany nameFiscal period
USAIntuitive Surgical Inc
Q4 2020
USAIntel Corp
Q4 2020
USAInternational Business Machines Corp
Q4 2020
USACSX Corp
Q4 2020
USAFifth Third Bancorp
Q4 2020
USAProcter & Gamble Co
Q2 2021
USATruist Financial Corp
Q4 2020
USATravelers Companies Inc
Q4 2020
USAKeyCorp
Q4 2020
USAAmerican Airlines Group Inc
Q4 2020
USAUnion Pacific Corp
Q4 2020
USACitrix Systems Inc
Q4 2020
SwedenSandvik AB
Q4 2020
United KingdomIG Group Holdings PLC
Half Year 2021

Friday, January 22nd 2021

Country of originCompany nameFiscal period
USASchlumberger NV
Q4 2020
NorwayGjensidige Forsikring ASA
Q4 2020

Saturday, January 23rd 2021

Country of originCompany nameFiscal period
IndiaICICI Bank Ltd
Q3 2021

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