The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Sorry, Fundsters. This Titan Is Not Buying Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 17, 2019

Sorry, Fundsters. This Titan Is Not Buying

News summary by MFWire's editors

Despite continued consolidation in the asset management business, a titan is not looking to participate.

Laurence D. Fink
Chairman, CEO
"We are not focused on asset management M&A in the developed markets," Larry Fink, chairman and CEO of BlackRock [profile], told analysts yesterday morning on the firm's Q1 2019 earnings call (as transcribed by Seeking Alpha). Fink was responding to a question from Michael Cyprys, executive director of equity research (covering asset managers and discount brokers) at Morgan Stanley.

Yet Fink is on the hunt for other kinds of deals ... in the technology space, for instance to support or package with BlackRock's Aladdin risk management system.

Yesterday the BlackRock team reported $6.61 of diluted EPS for Q1 and $3.35 billion of revenue, beating estimates by $0.48 and by $50 million, respectively. AUM rose three percent year-over-year to $6.515 trillion as of March 31, 2019. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use