BlackRock earns 23% less between October and December: 1.259 billion dollars.
BlackRockthe world’s largest asset manager, unveiled the the results of the fourth and last quarter of 2022. (the company’s third fiscal quarter). Between October and December, the New York firm saw its profit fall by 23%.in the fourth quarter of two years ago, to 1,643 million euros. 1,259 million made in the last three months.
BlackRock also indicated that the last twelve months resulted in a 12% decline in net income, which stood at $5,178 million compared to the $5,901 million reached in 2021.
“TWe ended the year on a strong note, generating $114 billion in net inflows in the fourth quarter.representing 3% annualized organic net inflow in the fourth quarter, representing 3% annualized organic expense growth, reflecting continued strength in ETFs and outsourcing mandates,” he said. Larry FinkPresident and CEO of the company.
The website returned of the New York-based company were down 15% in the last three monthsfrom $5,106 million for the same period in 2021 to $4,337 million between October and December. In 2022, sales are down 8% to $17.873 billion from the $19.734 billion reached the previous year.
Assets under management are also down, in particular by 14%.. In the last three months, this order of magnitude has fallen from $10,010 million to $8,594 million.
The website earnings per share fell 22%.to $8.29 from the $10.63 reached between October and December 2022. The decline is smaller when considering the twelve months to 2022, with an 11% drop, from 38.22 dollars per share in 2021 to $33.97 per share at the end of 2022.
“BlackRock realized. Over $300 billion in net inflows. and positive organic base fee growth in 2022. These results reflect the decisions of thousands of organizations and investors who continually trust BlackRock,” said Fink, who pointed to the “consistency” of the fund manager’s numbers.
“In the United States alone, we generated $230 billion in long-term net inflows. Flows were positive in each of our three regions. iShares has taken the lead in the global exchange-traded fund industry, driven by record inflows into fixed-income exchange-traded funds. We continued to grow our private markets platform, raising $35 billion in capital, with particular strength in private credit and infrastructure. And we saw a record number of net new sales of Aladdin, underscoring its importance in times of market volatility. importance in times of market volatility,” he added.