BlackRock falls after reporting lower long-term net inflows
ReutersJul 15, 2025 3:09 PM
Shares of asset manager BlackRock BLK.N fall 6.7% to $1.036.66
The world's largest asset manager reported lower long-term net inflows for the second quarter
Long-term net inflows fell 9.8% from a year ago, impacted by $52 billion withdrawal
Assets under management rose to record $12.53 trillion in the quarter ended June 30, from $10.65 trillion a year earlier
Adj. Q2 profit at $1.88 billion, up from $1.55 billion
Up to last close, stock up 8.5% YTD
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