BLK · BlackRock Inc.
AI read · Good for BLK
The AI's read
More money flowing into BlackRock’s funds can support higher fee income. Fee and technology sales rose, and the company kept more profit from each sales dollar. One caution is that higher performance fees were tied largely to one hedge fund, so that boost may not repeat. But inflows came from several businesses, and total assets grew, making the broader gains more convincing.