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Time of India
15-07-2025
- Business
- Time of India
BlackRock bombshell: World's largest asset manager misses earnings, stock tanks 5% in hours
BlackRock shares fell after the world's largest asset manager fell just short of Wall Street's revenue expectations for the second quarter. While its assets under management reached a new high, a minor earnings miss was enough to cause a sharp sell-off in the stock, alarming investors. BlackRock's stock fell more than 5% after it narrowly missed second-quarter revenue forecasts. However, this year, the stock has increased 1.8% so far. Why did BlackRock's stock drop after strong earnings? The earnings report showed strong growth, but investors were concerned about soft margins and market uncertainty. The investment management company's stock drop 5.5% to $1,050.01, ranking it as the S&P 500's second-largest decliner on 15 July 2025. Live Events Although the company's revenue of $5.42 billion was 13% higher than the previous year, it fell short of analysts' forecast of $5.45 billion, as per a report by Market Screener. Net long-term inflows of $46 billion during BlackRock's June quarter represented a 1.7% annualized organic AUM growth rate, falling short of the 3%-5% annual target. Lower growth rates from peers and market uncertainty are the reasons behind this, as per a report by the Morning Star. What's driving BlackRock's asset growth? The earnings report wasn't all bad; in fact, it was quite the opposite. The company's adjusted earnings per share were $12.05, which was much higher than the average estimate of $10.78. BlackRock had a record $12.53 trillion in assets under management at the end of the quarter, which was a 17.7% increase from last year June. Revenue for the second quarter rose 12.9% year over year due to slightly higher charge rates and a higher average AUM. Adjusted operating margins fell to 43.3%, a decrease of 80 basis points year over year, as quoted in a report by Market Screener. ALSO READ: Is this the end of salesman? Microsoft layoffs signal death of old-school sales - AI set to help tech-savvy pros How are ETFs shaping BlackRock's future? From the standpoint of organic AUM growth, BlackRock continues to surpass its counterparts in conventional asset management because investors continue to find its combination of passive products, index funds and exchange-traded funds (ETFs), more appealing than the majority of active products. The company's capacity to maintain its lead will only be strengthened by the growth of its private capital platform. The company maintains a premium valuation relative to other US asset managers, and its stock is appropriately valued. BlackRock's stock price is still high compared to other traditional asset managers, and analysts still think it's worth about $1,100 per share. In the second quarter, BlackRock had market gains and advantageous foreign exchange; but, the latter part of the year is anticipated to encounter increased challenges stemming from the US government's fiscal, tariff, and immigration policies. Although an upward adjustment to the estimate is possible, the cautious short-term projections for BlackRock and other US-based asset managers persist. FAQs Why did BlackRock's stock fall despite exceeding earnings expectations? Despite strong earnings and record AUM, the company missed revenue forecasts by a small margin, and margins slipped slightly, alarming investors who were already concerned about market headwinds. What factors continue to drive BlackRock's growth? Its ETF business, particularly iShares, continues to attract significant inflows, reflecting investor preference for passive investment products over active ones.
See - Sada Elbalad
28-05-2025
- Business
- See - Sada Elbalad
Ghana's Cedi Jumps more than 40% against the US dollar
Taarek Refaat Ghana's cedi has jumped more than 40% against the US dollar this year, far outperforming its African and emerging market peers, reducing the country's external debt burden and giving it more fiscal breathing room. MarketScreener reported today that the rally, which surprised some investors, represents another much-needed boost for the West African nation as it works its way back from a debt default and economic crisis. In total, the cedi has risen 42% against the dollar since January, trading near 10.20 to the dollar on Wednesday morning. "We have reduced our total debt over the past five months by about 150 billion cedis, which is very significant," Ghanaian President John Mahama said during a session during the annual meeting of the African Development Bank in Abidjan this week, citing the strength of the cedi. If this trajectory continues, the target of reaching 55-58% debt sustainability by 2028 will be achieved by the end of this year, which means it begins to give us fiscal space to start investing in the most productive sectors of the economy.' read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies
