BlackRock CEO Fink Says 'Uncertainty and Anxiety' Dominate Client Conversations
1. BlackRock exceeded profit estimates, reporting an EPS of $11.30. 2. AUM reached a record $11.58 trillion, up 11% YoY. 3. Clients express anxiety about the economy and market uncertainty. 4. CEO noted potential recession concerns from discussions with CEOs. 5. BlackRock shares rose 1.4% amidst a 16% year-to-date decline.