Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»BlackRock Reveals $4.63 Billion in Q4 2023 Earnings Report, Acquires Global Infrastructure Partners for $12 Billion
EXCHANGE NEWS

BlackRock Reveals $4.63 Billion in Q4 2023 Earnings Report, Acquires Global Infrastructure Partners for $12 Billion

By Crypto FlexsJanuary 15, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BlackRock Reveals .63 Billion in Q4 2023 Earnings Report, Acquires Global Infrastructure Partners for  Billion
Share
Facebook Twitter LinkedIn Pinterest Email

The numbers BlackRock reported for the fourth quarter of 2023 surpassed analysts’ expectations as the company also purchased Global Infrastructure Partners.

Asset manager BlackRock Inc (NYSE: BLK) reported its fourth quarter 2023 results, which beat Wall Street expectations. According to the report, BlackRock earned a profit of $0.15, or $9.66 per share, adjusted for restructuring and amortization costs. Additionally, BlackRock Inc’s total revenue for the fourth quarter of 2023 was $4.63 billion, meeting Wall Street expectations. In addition to its Q4 2023 numbers, BlackRock also announced the $12.5 billion acquisition of private equity firm Global Infrastructure Partners.

BlackRock’s fourth-quarter 2023 earnings topped expectations, as analysts surveyed by Zacks Investment Research estimated earnings of $8.84 per share. The company’s assets under management (AUM) topped $10 trillion in the quarter, ahead of Wall Street estimates of $9.8 trillion. Additionally, inflows reached $96 billion in the fourth quarter of 2023 alone. For the year, the company reported revenue of $17.86 billion and profit of $5.5 billion, or $36.51 per share.

BlackRock shares rose slightly yesterday, closing at $792.61. However, it fell 0.9% to $785.5 in pre-market trading. BLK has risen nearly 25% over the past three months, but its stock price has fallen 2.36% this year.

BlackRock Announces 2023 Fourth Quarter Earnings and Announces Acquisition of Global Infrastructure Partner

BlackRock’s acquisition of Global Infrastructure Partners is part of the asset manager’s expansion into private markets with a focus on infrastructure. The transaction, expected to close in the second quarter of this year, involves $12 billion in BlackRock’s common stock and $3 billion in cash.

In a statement, BlackRock Chairman and CEO Larry Fink said:

“The combination of BlackRock Infrastructure and GIP will make us the second largest private markets infrastructure manager with over $150 billion in total AUM, providing high coupons, inflation protection, and long-term investments to our clients, especially those saving for retirement. no see. necessary.”

BlackRock Inc is one of 11 applicants to receive approval from the U.S. Securities and Exchange Commission (SEC) for a spot Bitcoin exchange-traded fund (ETF). On the first day of trading, the ETF’s total volume exceeded $4 billion, with BlackRock accounting for $924 million, compared to Grayscale’s $1.9 billion.

Estimates of ETF trading volume are quite optimistic. The total could exceed $10 billion this year, according to Bernstein analysts. Interestingly, Standard Chartered analysts are much more optimistic. Analysts believe the ETF could raise up to $100 billion by the end of this year. Additionally, analysts believe this could push the price of Bitcoin up to $100,000.

Still, other analysts sounded warnings. According to them, the excitement surrounding the Bitcoin ETF may be too hasty, only as a result of its approval after a long period of application. For others, there is no real need for a Bitcoin investment. Bitcoin is simply a “speculative vehicle” and not an asset or currency, according to Robert Arnott, chairman and founder of consulting and asset management firm Research Affiliates. He added that there is nothing wrong with speculative vehicles as long as investors know what they are doing.

next

business news, news

thank you!

You have successfully joined our subscriber list.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Pudgy Penguins

August 28, 2025

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

SPOT BITCOIN ETF Inflow Stall, but analysts reverse CME BTC basic hint prices

February 20, 2025

Ethereum Insider Criticizes ETH Founder, Calls Buterin ‘Idiot’ and Lubin ‘Sociopath’

January 29, 2024

3 reasons why Ethereum remains below $3,900

May 30, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.