MM120: J.P. Morgan, Citi, Wells Fargo & BlackRock earnings explained!
Market Maker
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BlackRock's Revenues Overcame Expectations
The BlackRock numbers are always pretty big when they start talking about things like assets under management. They did note that cash management products had inflows of $23 billion as investors flocking to take advantage of this interest rate environment. I think it's a bit more straightforward with asset managers. Ultimately, their top line revenue really is in large part a function of just how well markets are doing.
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