Investing.com - BlackRock (NYSE:BLK) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $6.61 on revenue of $3.35B. Analysts polled by Investing.com anticipated EPS of $6.12 on revenue of $3.33B. That compared to EPS of $6.7 on revenue of $3.58B in the same period a year earlier. The company had reported EPS of $6.08 on revenue of $3.43B in the previous quarter.
For the year, BlackRock shares are up 15.03%, under-performing the S&P 500 which is up 17.3% year to date.
BlackRock follows other major Financial sector earnings this month
On Friday, JPMorgan reported first quarter EPS of $2.65 on revenue of $29.85B, compared to forecasts of EPS of $2.35 on revenue of $28.44B.
UnitedHealth earnings beat analyst's expectations on Tuesday, with first quarter EPS of $3.73 on revenue of $60.31B. Investing.com analysts expected EPS of $3.59 on revenue of $59.66B
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