This is our first report on one of the largest asset managers, BlackRock. While the market situation in 2022 was among the most difficult years, BlackRock delivered decent organic growth and ended the year with an all-around beat. Revenue of $17.9 billion was down 8% year on year. Operational income was $6.7 billion and earnings per share of $35.36 were down 13% from 2021. The company generated $300 billion in total net inflows in 2022, which led the industry, and experienced positive organic ba ....

12 Apr 2023
BlackRock, Inc.: Initiation of Coverage – Business Strategy & Key Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (04/23)

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BlackRock, Inc.: Initiation of Coverage – Business Strategy & Key Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (04/23)
- Published:
12 Apr 2023 -
Author:
Ishan Majumdar -
Pages:
28 -
This is our first report on one of the largest asset managers, BlackRock. While the market situation in 2022 was among the most difficult years, BlackRock delivered decent organic growth and ended the year with an all-around beat. Revenue of $17.9 billion was down 8% year on year. Operational income was $6.7 billion and earnings per share of $35.36 were down 13% from 2021. The company generated $300 billion in total net inflows in 2022, which led the industry, and experienced positive organic ba ....