Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
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 prices return to green -building exercise for more profits

June 26, 2025

Dogecoin (DOGE) after collision

June 23, 2025

Litecoin Key Support in Focus Price Eye Brake Out Determination

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 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

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Bitcoin Dominates the Market; Polygon, Avalanche, DigiHorse Offer Huge ROI Potential

August 5, 2024

Upgrade your phone and transfer Vault12 Guard app data

October 27, 2024

Mastering the 4-Year Cryptocurrency Cycle: Tips for Investing Success

November 8, 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.