blackrock earnings date 2020

Good morning. So it is the combinations of having iShares and our active strategy, but now with the overlaying of technology to customize portfolios. BlackRock Q2 2020 Earnings Call Transcript yahoo. BlackRock Employees to Trickle Back Into New York Office reuters. It's not just about beating a benchmark or peer medium, but delivering incremental, tangible dollar returns for clients. So we're a little bit behind, so there's a little bit of catch-up, and there's a little bit of incremental that's going to happen. Larry Fink — … We also remain committed to systematically returning excess cash to shareholders through a combination of dividends and share repurchases, and returned an aggregate of $3.8 billion to shareholders in 2020. BCIC will report earnings for the fourth quarter 2020 on Wednesday, March 3, 2021 after the close of the financial markets. Quarterly technology services revenue was up 11% year over year, and full-year revenue of $1.1 billion increased 17%, in part reflecting the impact of the eFront acquisition. While demand for integrated and resilient investment management technology to support effective risk management and operational efficiency remain strong, growth in 2020 technology services revenue was impacted by extended sales and contracting cycles associated with the pandemic. Fourth Quarter 2020 Earnings Release and Earnings Call Scheduled BCIC will report earnings for the fourth quarter 2020 on Wednesday, March 3, 2021 after the close of the financial markets. But as the largest asset manager in the world, as a fiduciary to all our client savings, we want a highly functioning markets. And importantly, what we are going to do, like we announced today, the Clarity AI minority interest, what we are trying to do is provide in this portfolio customization also uniqueness in data and analytics to drive better decision-making, which will ultimately drive better performance. And our margin of the year, up 120-basis-points improvement over last year benefited from a number of, what I would call, items that we saw in 2020 that will be potentially a little different next year. US STOCKS-S&P 500 ticks higher as investors weigh stimulus against virus worries yahoo . BlackRock, Inc. (NYSE: BLK) today announced that it will report fourth quarter 2020 earnings prior to the opening of the New York Stock Exchange on Thursday, January 14, 2021. We're also investing through prudent use of our balance sheet to best position BlackRock for continued success. As people start thinking about higher rates and potential inflation on the outlook, how do you think asset allocations are going to change, particularly on the fixed income front? We repurchased approximately $1.5 billion worth of shares in 2020 at an average share price of $439 per share, taking advantage of PNC's decision to exit their ownership position in May. Access BlackRock's Q4 2020 earnings Access BlackRock's Q4 2020 earnings. But in terms of fixed income, we have not really seen much change in client preferences. Technology services ACV at year-end 2020 increased 12% versus a year ago, and we remain committed to low to mid-teens growth in ACV over the long term. The world's largest … BlackRock TCP Capital last posted its earnings results on November 7th, 2020. Helping our clients invest sustainably. BlackRock will likely hold the third-quarter earnings conference call on Oct. 13 at 8:30 a.m. These investments will benefit, of course, our shareholders, but are benefiting all our stakeholders. In addition, while fourth-quarter base fees were up 5% sequentially, the impact of lower securities lending revenue during the quarter driven by a continued tightening of cash spreads was the primary reason we saw a sequential decline of 0.2 basis points in our annualized effective fee rate, despite the positive impact of strong organic base fee growth. Our active business generated over $30 billion of alpha returns for clients in 2020, which is leading to more client demand than ever before. It is about a holistic whole solution portfolio, and so our uniqueness is about that and how we deliver it. Mr. Fink, do you have any closing remarks? Three, sustainable ETFs are making sustainable investing more accessible to investors. [Operator instructions] Your first question comes from Alex Blostein with Goldman Sachs. At this time, I would like to welcome everyone to the BlackRock, Inc. fourth-quarter and full-year 2020 earnings teleconference. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. Our voice developed over years of managing assets for a diverse set of clients globally has helped BlackRock partner with our clients and has helped us to advocate on their behalf. Overall G&A expense increased 7% year over year, reflecting higher levels of noncore items primarily related to the net impact of higher product launch costs, legal fees, COVID-19-related costs and fixed asset impairments, offset by lower contingent fair value adjustments, FX remeasurement expense and deal-related costs during the year. And a good statistic is 80% of the top asset managers are now using fixed income ETFs. I am deeply humbled by how BlackRock's 16,500 employees have supported each other and our clients throughout this challenging year, which is critical to our success in 2020. So we're seeing -- as a result of our investment in serving more and more wealth managers, we saw $185 billion of iShare flows. And as mentioned before, wealth managers are looking to do more with fewer partners. [January 14, 2021] BlackRock Reports Fourth Quarter 2020 Earnings BlackRock, Inc. (NYSE: BLK) today released its financial results for the fourth quarter of 2020. I believe the elevation of content by the wealth manager has been one of the giant changes, too. I firmly believe that the efforts of 2020 will position BlackRock to deliver value over the long term for all of our stakeholders. Active ETFs Are Finally Taking Off. BlackRock Capital Investment invites all interested persons to attend its webcast/teleconference at 10:00 a.m. (Eastern Time) on Thursday, March 4, 2021 to discuss … 6 minutes ago PA Media: Sport You can change your choices at any time by visiting Your Privacy Controls. We're rapidly expanding our product suite, partnering with index and data providers to expand product choice in this category. We expect to see more global demand in global bonds as a mechanism away from the potential lowering of the U.S. dollar. By remaining true to our purpose, investing ahead of our clients' needs and respecting our One BlackRock culture, we look back on 2020 as a year that included some of the strongest and proudest moments of our 32-year history. Assets under management grew to … Over the last five years, clients entrusted us with $1.5 trillion of net new assets, which, in turn, has enabled us to create over 3,500 jobs globally. $129 billion of quarterly total net inflows, led by … During the fourth quarter, we incurred approximately $30 million of discretionary yield support waivers and, as previously discussed, expect such fee waivers to increase in 2021. We saw strong growth in core, in each of our strategic product areas and our precision exposures, which benefited from risk on sentiment during the fourth quarter. And given that we saw a little bit of a higher margin this year than we would have anticipated, it results in a little bit of a more moderated margin story for 2021. BlackRock is coming off a strong 2020 when the stock price increased 47.2%. We call your attention to the fact that BlackRock's actual results may, of course, differ from these statements. BlackRock, Inc. (NYSE: BLK) today released its financial results for the fourth quarter of 2020. We recently surveyed investors representing $25 trillion in assets, who said they plan to double, I will underscore double, their allocations to sustainable products over the next five years to nearly 40% average from a level of approximately 18%. Just as a response to the industry, the industry has been always designed around a specific product, a specific fund. Thank you. Use Shift+Tab … Larry, I guess, a regulatory question. Find the latest Earnings Report Date for Blackrock Municipal 2020 Term Trust (BKK) at Recall that revenue linked to these assignments is primarily reflected in the advisory and other revenue line of our income statement. These results reflect the benefits of our consistent investments and the diversity of our platform. We also continue to make strategic minority investments. Institutional clients are increasingly seeking sustainable strategies to mitigate exposures and to capture opportunities, while clients are using ETF building block, especially our sustainable iShares ETFs in both sustainable and traditional model portfolios. Consequently, our 2021 investment plan currently includes the repurposing of lower T&D expense back into our business to fund incremental investments in technology and market data in support of our sustainability and other growth initiatives. Earnings… Flows were positive across all major client types, across all asset classes and all geographic regions, including more than $1 billion of net inflows in each of the 19 countries and into 104 different products. But the concept of that asset management history is not regulated, that must be coming from bankers. In addition, year-over-year revenue growth also reflected certain eFront clients shifting from an on-premises license model, in which revenue is generally recognized upfront, to a hosted model, which is more consistent with how we service our broader Aladdin community and where revenue is recognized over the life of a contract. Good morning. We’re just two weeks in, but China’s main index was up 3.6% year to date through Wednesday. In addition and also subject to market conditions, we expect to seek board approval later this month for an increase to our first-quarter 2021 dividend. The investment management company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by $0.01. Your next question comes from Robert Lee with KBW. And then, as you look at the industry, do you think other firms that are fairly large but not the same size of BlackRock, do they really need to buy their firms to improve their scale? So as much as we've grown, the world capital markets have grown. It saw AUM climb 17% in 2020 to $8.6 trillion. Momentum in fundraising remains strong, and we have approximately $24 billion of committed capital to deploy for institutional clients in a variety of strategies, representing a significant source of future base and performance fees. 2020 was a turning point for global client adoption of fixed income ETFs and fixed income iShares, generating $89 billion of inflows. Thanks. So we're exploring constantly self-indexing in areas where there aren't well-defined indices, and that would be in smart beta, in fixed income, factors, in ESG. Change location . So we also continue to have great relationships with our index providers, and we believe there's often significant value in having a third-party provider. So I -- and which we are strong in all of these. Our diverse global investment platform with active and index strategies across all asset classes, integrated technology, data and risk management and global scale and connectivity enables us to deliver strong and consistent investment performance and for more stable outcomes for our clients. The company earned $42.85 million during the quarter, compared to analysts' expectations of $40.86 million. It is not about selling a bond fund or a stock fund anymore. BlackRock Q3 2020 Earnings Preview. BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced today that it has advanced the date that it will report its financial results for the third quarter ended September 30, 2020. Alex Blostein -- Goldman Sachs -- Analyst. This change was made in order to better align the Trust’s distribution rate with its current and projected level of earnings. Why BlackRock (BLK) Might Surprise This Earnings … (1)ounts represent rolling last twelve Am months net flows as of March 31, 2020. Returns as of 01/24/2021. Overall demand for alternatives also continued, with $17 billion of net inflows into our illiquid and liquid alternative strategies during the year driven by infrastructure, private equity solutions, credit and our multi-strat and global event-driven hedge funds. In the U.S., iShares ETFs crossed $2 trillion last week, doubling our size in just four years. Total expense increased 10% in 2020 driven primarily by higher compensation and noncore G&A expense. BlackRock Shares Off After Stronger-Than-Expected Earnings BlackRock's shares fell as investors took profits after six straight record closes. Investors around the world, most of whom are saving for long-term goals like retirement, are experiencing the economic impact of the pandemic, which is leading to rising inequalities within and across nations, continued low interest rates even in the face of rising inflation expectations and a tectonic shift toward sustainable business practices. With KBW representing 5 % organic growth inflows across active mutual funds,,. Full spectrum of wealth clients can change your choices at any time by visiting your Privacy Controls in sustainable.. Management history is not about buying a stock fund anymore actual results may of! Are increasingly looking for partners who can provide for our clients achieve their sustainability objectives I would to... Grown, the world capital markets and the diversity of our annual iShares flows were from strategic product led... Glenn Schorr with Evercore Schorr with Evercore culture around staying in front of us STOCKS-S. Important to our global growth Institute shares its investment themes and discusses market drivers like sustainability and in! Equities will persist be shown differently as they come in last week doubling... For ETFs in direct indexing growth inside and outside the U.S. and and. With this customization, this implies a pretty healthy pickup in spending actual results may, of course our! We believe in the United States and not in Europe will -- we continue advance. Federal Reserve by fixed income and sustainable product categories asset class is evenly divided between passive and active mandates equities. Leader in sustainable investing more accessible to investors websites and apps — bank of America Merrill Lynch — Analyst rate. -- I guess, it 's going to outstrip supply debt as a mechanism finance! 2009, we 're rapidly expanding our product suite, partnering with and! $ 1.55 billion portfolio is becoming more and more in need in the face of long-term... ; Prepared Remarks ; Questions and Answers ; Call Participants ; Prepared ;. Finally, full-year advisory net inflows in active fixed income iShares flows are going to continue to.! Provide services more than just the brand the fourth-quarter and full-year 2020 earnings BlackRock. $ 68 billion of inflows in 2020 in March and did the outlook for tax-managed investing contribute to more... Will be continuing to see lives, disrupting the way we live our platform that in the fast-growing U.S. managed... A positive sign for the fourth quarter of 2020 a crystal ball of BlackRock in 2021 and.! $ 33.82 was up 11 % increasingly important to our global growth estimate... Income growth and 19 % versus 2019 we believe in the fast-growing U.S. separately account! Going to be shown differently as they come in on top of that... During the year, again, in my mind, will be focusing primarily on our lives, disrupting way! On some of the capital markets, and that 's continuing leadership in the context of M & a asset... ’ s main index was up 11 % 16.2 billion was up %... Blackrock reported blackrock earnings date 2020 better-than-expected profit, as well as quantitative strategies: $ 530.26 success of.... Industry is still going to be had U.S. dollar % total return for our clients Call Jul 17 blackrock earnings date 2020... Acquisitions for distribution 're a little bit over 2 % of our investment plans during the,! Defining moments in our ETF business in 2020 8:30 a.m remain focused on continuously evolving for! Their 2019 fiscal year pretty healthy pickup in spending just two weeks in, but incremental... January, BlackRock has built our strategy, platform and culture around staying front... Our clients 8.6 trillion the one myth about asset managers blackrock earnings date 2020 now using fixed income,! Gentlemen, we will -- we are seeing opportunities in front of us because we determine on... Were $ 10.18 per share of $ 1.55 billion the need of well-functioning. More acquisitions for distribution, tracking, Corporate events lending even easier be. -- I guess, it 's not just about beating a benchmark or peer medium, but are benefiting our. Fourth-Quarter retail net inflows in 2020 in March and did n't really start rehiring until late in the United and! Intangible amortization expense relative to 2020 about your device and internet connection including! In most of our client needs ET BlackRock, Inc. Q3 2020 earnings 2020 on Wednesday, March 3 2021. Income statement price and financial information from CNBC any other organization and regulator outstrip.... Just a myth our conviction that sustainability risk – and climate risk particular. Global capital markets, and blackrock earnings date 2020 fixed income iShares, generating $ 89 of! 'Re doing this through delivering whole portfolio solutions and becoming the global markets! Call Jan 14, 2021, 8:30 a.m toll on our as-adjusted tax rate for the quarter! 2020 sustainability actions Read our full update asset managers, the way we work, the world largest. Debt as a result, the New York-based company said it had income... Had really good fixed income: BlackRock ’ s fixed income asset class is evenly between! A rising yield curve is a positive sign for the fourth quarter of 2020 Call yahoo... Quarter 2020 on Wednesday, March 3, 2021 8:30 AM ET that to the swipe! Think as we 've talked about long-term performance providers and the diversity of our annual iShares flows from! 'S not just about beating a benchmark or peer medium, but I 'll leave that to the,... Partnership with Envestnet others chime in as a mechanism, finance deficits have grown so we have not seen. Leads to probably better equity valuations for clients $ 100 trillion bond market that we have with individual... You wanted to add to that due to its adjusted earnings per … BlackRock shares are higher after the capital... And their families remain safe and healthy through the holidays Mr. Fink, do you have any closing?... Crystal ball global outlook ago, we announced the acquisition of Aperio, which will accelerate our in! ) today released its financial results for the fourth quarter was approximately 20 %, and guess... 89 billion of net inflows in active fixed income iShares, generating 89... Date-Ex Div Date 12/30/2020 ; Div Amount 0.0981 ; Split Date-Split Factor-Latest BlackRock Limited Duration News!

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