- AUM of $4.4T up 12% Y/Y. Adjusted operating income of $1.062B up 15%. Operating margin of 41.4% up 140 basis points. Diluted EPS of $4.43 up 21%.
- $26.7B of long-term net inflows in Q1. "Significant change" in the fixed income landscape ... "We continue to witness a shift towards unconstrained fixed income and increased usage of liability driven investing as large pension plans take advantage of strong equity markets and improved funding ratios to immunize their portfolios."
- iShares: Q1 net inflows of $7.759B brings AUM to $930.4B. AUM represents 23% of total firm AUM, and base fees of $765M represent 35% of firm-wide fees.
- CC at 8:30 ET
- Q1 results, press release
- BLK +1.4% premarket