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BlackRock reported assets under management of $15.34 trillion at the end of the second quarter. The firm posted net inflows of $192 billion and earnings per share of $13.91, beating analyst estimates.
americanbanker.comBlackRock's assets under management reached a record $15.34 trillion at the end of the second quarter of 2026. The total marked an increase from $13.89 trillion in the first quarter and $12.53 trillion a year earlier. The firm became the first investment manager to surpass $15 trillion in assets under management.
Net client inflows totaled $192 billion during the quarter. Exchange-traded funds accounted for $178 billion of the inflows, while actively managed funds drew $53 billion. Revenue rose 31 percent from the same period a year earlier.
Earnings per share came in at $13.91, exceeding the $12.59 average estimate from Wall Street analysts.
abcnews.go.comPresident Donald Trump is expected to discuss the Digital Asset Market Clarity Act's restrictions on officials' crypto holdings. Negotiators have not reached a compromise on the provision.
EuronewsUber made a public takeover offer for Delivery Hero at €41.50 per share in cash. Delivery Hero said it supports the bid, which values the company at €13 billion and would expand operations to 99 countries.
bloombergquint.comStripe and Advent International made a joint $53 billion offer to acquire PayPal at $60.50 per share. PayPal has indicated it is not interested in the deal at this time. The company's board plans to meet soon to discuss the proposal.