Blackrock and U.S. Bancorp released their fourth quarter earnings reports before opening bell this morning. Blackrock came up short of earnings estimates at $4.75 per share, excluding items, although revenues were slightly ahead at $2.86 billion, a 2.8% year over year increase. In last year’s fourth quarter, the firm posted adjusted earnings of $4.82 per share. Analysts had been expecting earnings of $4.80 per share and $2.84 billion in revenue.

U.S. Bancorp posted earnings of 80 cents per share and $5.21 billion in revenue, compared to the analyst estimates of 79 cents per share in earnings and $5.12 billion in revenue. U.S. Bancorp said its fourth quarter earnings results includes a benefit from the sale of one of its deposit portfolios, which was partially offset by accruals from legal and compliance issues. Together, these items increased earnings per share by 1 cent.

 

Blackrock sees strong inflows

Blackrock’s net earnings were $5.11 per share, up from last year’s $4.77 per share. The firm recorded $54 billion in long-term net inflows the fourth quarter and $152 billion in long-term net inflows for the full year. The iShares segment saw $130 billion in net inflows during the year.

The Retail business saw $7 billion in long-term net inflows for the fourth quarter, while iShares racked up $60.2 billion for the quarter. The Institutional Active segment saw $4 billion in long-term net inflows with the main driver being $3 billion in multi-asset net inflows. The Institutional Index unit saw $13.8 billion in long-term net outflows, mainly due to net outflows of $12.3 billion in fixed income.

Blackrock’s assets under management climbed 5% to $300 billion during the fourth quarter, while advisory assets under management ended the quarter at $10.2 billion.

Shares of Blackrock were inactive in premarket trading at Thursday’s closing price of $310 per share, as of this writing.

U.S. Bancorp sees momentum

U.S. Bancorp saw a 4.2% increase in average total loans year over year and a 6.9% increase in average total deposits compared to the previous year. Net interest income grew 2.6% year over year, while credit and debit card revenue climbed 8.1% from 2014. The bank’s Basel III standardized common equity tier 1 ratio was 9.1%. Under the advanced approach, the ratio was 11.9% at the end of the quarter.

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