Back to today’s briefing

Story perspectives

BlackRock Hits $11.6 Trillion, Profit Surges 21%

1/15/2025

27 4

Summary

Story summary

BlackRock Inc. achieved a record $11.6 trillion in assets under management in Q4 2024, fueled by $641 billion in client inflows.
The firm experienced a 21% profit increase, reporting net income of $1.67 billion for the quarter.
Demand for ETFs and fixed-income products significantly boosted growth.
CEO Larry Fink highlighted strategic acquisitions that strengthened BlackRock's presence in private markets.

1 of 1

Story summary

BlackRock Inc. achieved a record $11.6 trillion in assets under management in Q4 2024, fueled by $641 billion in client inflows.
The firm experienced a 21% profit increase, reporting net income of $1.67 billion for the quarter.
Demand for ETFs and fixed-income products significantly boosted growth.
CEO Larry Fink highlighted strategic acquisitions that strengthened BlackRock's presence in private markets.