Investing.com - BlackRock reported fourth quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $6.08 on revenue of $3.43B. Analysts polled by Investing.com anticipated EPS of $6.41 on revenue of $3.46B. That compared to EPS of $6.24 on revenue of $3.47B in the same period a year earlier. The company had reported EPS of $7.52 on revenue of $3.58B in the previous quarter.
For the year, BlackRock shares are up 2.01%, under-performing the S&P 500 which is up 5.78% year to date.
BlackRock follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported fourth quarter EPS of $1.98 on revenue of $26.8B, compared to forecasts of EPS of $2.2 on revenue of $26.9B.
UnitedHealth earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of $3.28 on revenue of $58.42B. Investing.com analysts expected EPS of $3.21 on revenue of $57.93B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar