Blackrock’s activities, the greatest responsible for the capital of the world, have increased at a record level in the first quarter, despite the volatility in the markets favored by the tariff proposals of American President Donald Trump.
The activities managed by the company went up to $ 11.58 trillion, $ 10.47 trillion at the end of the same three months of the previous year and $ 11.55 trillion at the end of last year, said on Friday.
Net Blackrock income fell to $ 1.51 billion, or $ 9.64 per share, in the three months closed in March, $ 1.57 billion, or $ 10.48 per share, a year earlier. Rectified by articles such as the costs related to the acquisition, the profit per share was US $ 11.30, with an increase of 15% compared to the previous year.
The increase occurs despite the wider weakening of US markets in the first quarter, since the optimism of investors on Trump’s return to the White House was followed by the economic uncertainty caused by tariff ads on commercial partners.
“Uncertainty and anxiety for the future of markets and economics are dominating customer conversations,” said the president of Blackrock Larry Fink in a note.
“We have seen periods like this before, when there were important structural changes in politics and markets – such as the financial crisis, the Covids and the increase in inflation in 2022. We have always kept in touch with customers and some of the greatest BlackRock growth heels have followed,” he said.
The total expenses in the quarter increased to $ 3.58 billion, of $ 3.04 billion last year.
Blackrock recorded long -term net voices of $ 83 billion, over $ 76 billion a year ago. Most of the long -term entrance flows have been captured in fixed income products, for a value of $ 37.7 billion, below $ 41.7 billion years ago.
The registration flows of action products in the first quarter were 19.3 billion dollars, over 18.4 billion dollars compared to the previous year.
Fink declared this week that the United States economy could already contract, days after Trump’s announcement of new rates has triggered losses in the markets. Subsequently, Trump temporarily reduced rates on some countries in a trend reversal that offered market farms.
Blackrock’s shares have lost almost 11% from the advertisements of Trump’s “Liberation Day” rates last week.
However, Fink said that market weakness is “more purchase opportunities than selling” long -term and does not put systemic risks.
Source: Terra
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