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, still down 39.51% from its 52 week high of $973.16 set on November 12, 2021. They are under-performing the S&P 500 which is down 20.47% from the start of the year.
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