BlackRock gains after Q2 profit beats estimates - BLK News | RalliesBlackRock gains after Q2 profit beats estimates
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BLK• BlackRock shares rise after Q2 profit beat
- BlackRock's BLK.N shares rise ~3% to ~$1,055 premarket.
- Asset manager reports adjusted EPS of $13.91 vs. Wall Street expectations of $12.59, according to data compiled by LSEG.
- BLK's assets under management rise to a record $15.34 trillion during the quarter.
- 16 of 19 brokerages rate the stock "buy" or higher, and 3 rate it "hold"; median PT is $1,260, according to LSEG data.
- Shares are down ~4% YTD, as of the last close.
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