Due to the unique economic environment that companies have faced over the past 12 month, which was characterized by record-high inflation and consequently high interest rates, the first quarter of 2023 is expected to be exceptional. As such, Q1 earnings have peaked investors’ interest more than usual. BlackRock (NYSE/BLK) is one of the companies that will report its earnings at the opening call on April 14, 2023.
Introduction
BlackRock, Inc., a global investment management company, was founded in America in 1988. It is based in New York. The company has become the world’s largest asset manager, with $8,6 trillion in assets under management, and provides a wide range of investment and technology services to institutional and retail clients worldwide.
The company’s investment products span across various asset classes, including equities, fixed income, alternatives, and cash management. In this report, we will analyse BlackRock’s financial performance for the first quarter of the year, focusing on key metrics such as revenue, earnings, and expectations. Additionally, we will provide insights into the company’s strategic initiatives and outlook for the…
