• +1-949-335-4314

Capital Street BancClear Corporation

Option Banque is a brand owned and operated by Capital Street BancClear Corporation Limited with registered address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, SVG.

  • Suite 305, Griffith Corporate Centre Beachmont, KingsTown Saint Vincent and The Grenadines

  • +1-949-335-4314

  • support@optionbanque.com

  • Monday-Friday: 6.00 AM
    4.00 PM GMT

Shares of BlackRock Edge Higher After Profit and Revenue Top Forecasts

    • Home
    • Trade Ideas
    • Shares of BlackRock Edge Higher After Profit and Revenue Top Forecasts
Oct, 11th 13:28

Shares of BlackRock Inc. advanced in premarket trading session on Wednesday after the world’s largest asset manager announced better-than-expected third-quarter results.

BlackRock’s shares jumped 0.75 percent to trade at $469.00 after the investment management company reported net income of $947 million, or $5.78 a share, up from 875 million, or $5.26 a share, in the same period a year ago.

Excluding one-time items, BlackRock said it earned $5.92 per share, which easily beat analysts’ forecast calling for adjusted earnings per share of $5.57. Revenue climbed 14% to $3.23 billion, also crashing expectations for revenue of $3.07 billion.

Besides profit and revenue that beat forecasts, the company reported total assets under management rose 17 percent to nearly $6 trillion with net inflow of $96 billion which topped the expected figure of $71.62 billion.

Trade suggestion

Buy Digital Call Option from 470.00 to 475.00 valid until 20:00 GMT October 11, 2017