BlackRock (NYSE:BLK), the largest asset manager globally, reported its Q2 earnings results on Friday, with EPS of $9.28 coming in better than the Street estimate of $8.43. Revenue was $4.46 billion, slightly lower than the Street estimate of $4.48 billion.
However, the company experienced a deceleration in money inflows, leading to a decline of nearly 2% in its shares on Friday. During the quarter, net inflows totaled $80 billion, which is lower compared to $89.6 billion from the previous year and $110 billion in the first quarter.