What to Expect of BlackRock Stock amid Lower Flows
BlackRock (BLK), the world’s largest asset manager, witnessed lower inflows in ETFs and its Institutional segment in the first quarter. BlackRock is expected to post earnings per share of $6.64 in the second quarter, 1.0% lower sequentially and up 26.7% year-over-year. BlackRock (BLK) posted EPS of $6.70 in the first quarter compared to the estimate of $6.39.