BlackRock and Blackstone released the earnings results from their most recently completed quarters this morning. BlackRock posted adjusted earnings of $4.89 per share, a 10% increase, on revenue of $2.72 billion, a 1% year over year improvement. Analysts had been looking for earnings of $4.50 per share.
Blackstone posted earnings of $1.05 per share on revenue of $2.51 billion for the first quarter. Analysts had been looking for earnings of $1.04 per share. In the same quarter last year, Blackstone reported earnings of 40 cents per share on revenue of $1.51 billion.
Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index Read More
Key metrics from BlackRock’s earnings report
BlackRock’s reported earnings were $4.84 per share, while its profit rose 9% to $822 million for the first quarter. The firm said its assets under management