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Rating:Larry Fink Smells 40 Percent Margins for BlackRock Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 21, 2010

Larry Fink Smells 40 Percent Margins for BlackRock

News summary by MFWire's editors

Fundsters interested in delving further into the fate of the world's largest asset manager may want to take a look at the transcript of BlackRock's [see profiles here and here] third quarter earnings call from yesterday, wherein chairman and CEO Larry Fink predicted that its operating margin will rise to 40 percent (from 33.8 percent now). BlackRock reported Q3 earnings yesterday morning (see The MFWire, 10/20/2010).

Larry Fink
BlackRock
CEO
Dow Jones' Nathan Becker and Amy Or reported on the call. 

Edited by: Neil Anderson, Managing Editor


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