The world’s biggest money manager BlackRock, Inc. (NYSE:BLK), unveiled on Tuesday that its Q3 earnings that tops analysts’ expects as increasing stock markets lifted assets and the company’s exchange-traded funds drew client deposits.
The New York-based firm reported on Wednesday in a statement that the net income surged 7.9% to $642M, or $3.65 per share, from $595M, or $3.23, a year before. Apart from certain one-time items, profit of $3.47 a share increased the $3.32-a- share average anticipates of 19 analysts surveyed by Bloomberg.
A research analyst Luke Montgomery, who covers asset managers at Sanford C. Bernstein & Co. in New York, stated in a telephone interview that the equity ETF flows were surely above their anticipations. Earnings also tops forecasts for the reason that of higher performance fees and more shares repurchased, he added.
The Bank of New York Mellon Corporation (NYSE:BK) stock reported the gain of +5.52% and closed at $24.86 with the total traded volume of 13.01 million shares. Its price to earning ratio ended at 13.51 and its earning per share was $1.84. Its market capitalization is $29.37 billion. The stock owned by the Financial Institutions was 81.11% while by insiders was 0.05%. The Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company. The Company divides its businesses into two principal segments: Investment Management and Investment Services.
Invesco Ltd. (NYSE:IVZ) percentage change jumped +1.12% to close at $25.30 with the total traded volume of 4.75 million shares more than average volume of 3.02 million. Its 52 weeks price change was 39.86%. Its market capitalization is $11.26 billion.
Its earnings per share was $1.57 with the net profit margin of 17.23% and its operating margin was 21.60%. It gained 8.77% return on equity.
The Blackstone Group L.P. (NYSE:BX) shown down trend, decreased -2.08% to close at $15.04 with the overall traded volume of 2.93 million shares. Its total outstanding shares are 1.23 Billion shares with the market capitalization of $18.50 billion.
Company’s 5 years revenue rate remained 4.44%. Its debt to equity was 2.25. Its beta value stands at 2.25 times and return on investment was -0.12%.
Janus Capital Group Inc. (NYSE:JNS)’s reported the increase of +1.56% to close at $9.12 with the overall traded volume of 2.84 million shares. Its market capitalization was $1.71 billion. Its debt to equity ratio was 0.40. Its beta value stands at 2.58 times and return on equity was 8.38%.
JNS has the total of 187.33 million outstanding shares as compares to 184.01 million shares that were floated in the market.
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