BlackRock earnings, Revenue miss in Q2

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BlackRock earnings, Revenue miss in Q2
Credit: © Reuters.

Investing.com - BlackRock (NYSE: BLK ) reported on Friday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

BlackRock announced earnings per share of $7.36 on revenue of $4.53B. Analysts polled by Investing.com anticipated EPS of $8.55 on revenue of $4.79B.

BlackRock shares are down 35% from the beginning of the year and are trading at $588.63 , down-from-52-week-high.They are under-performing the S&P 500 which is down 20.47% year to date.

BlackRock follows other major Financial sector earnings this month

BlackRock's report follows an earnings missed by JPMorgan on Thursday, who reported EPS of $2.76 on revenue of $30.72B, compared to forecasts EPS of $2.94 on revenue of $31.82B.

Morgan Stanley had missed expectations on Thursday with second quarter EPS of $1.44 on revenue of $13.13B, compared to forecast for EPS of $1.57 on revenue of $13.39B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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