BlackRock (BLK) reported better-than-expected first-quarter adjusted profit as the investment giant reported another 澳洲幸运5官方开奖结果体彩网:assets under management (AUM) record.

The company reported adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $11.30, well above the $10🎶.13 analysts had expected, while revenu🌳e fell just short of Visible Alpha estimates at $5.28 billion.

At the end of the first quarter, BlackRock had a record $11.58 trillꦅion in AUM, up 11% year-over-year.

"Uncertainty and anxiety about the future of markets and the economy are dominating client conversations," BlackRock CEO Larry Fink said. "We've seen periods like this before when there were large, structural shifts in policy and markets—like the financial crisis, COVID, and surging inflation in 2022. We always stayed connected with clients, and some of BlackRock’s biggest leaps in growth followed."

澳洲幸运5官方开奖结果体彩网:Fink said Monday that the 澳洲幸运5官方开奖结果体彩网:Trump administration's tariffs could stoke inflation, adding that most CEOs he has spoken with believe the U.S. is "probably in a recessi🌳on right now."

BlackRock shares were up less than 1% sh𒊎ortly after markets opened Friday. They entered the day down 16% since the🍸 start of the year.

UPDATE—This article has been updated with the latest share price information.