BlackRock, the largest asset manager in the world, is set to release its results for the third quarter later on Tuesday. Here is what analysts are expecting from those results:
- Earnings: $6.84 per share expected by Refinitiv
- Revenue: $3.648 billion forecast
- Assets under management: $6.498 trillion expected by StreetAccount
- Advisory, administration and lending revenue: $2.97 billion expected
The company’s assets under management totaled $6.299 trillion at the end of the second quarter. BlackRock shares are down sharply this year, falling more than 16 percent in 2018 through Monday’s close. Meanwhile, the S&P 500 is up nearly 3 percent year to date.
The report comes after BlackRock completed in late September the acquisition of Citibanamex’s asset management business, which has about $34 billion in assets.