BlackRock (NYSE: BLK) reported fourth-quarter 2020 financial results before the regular trading hours on Thursday. The banking giant reported a 13% growth in Q4 revenue to $4.48 billion, surpassing the Wall Street consensus. The company reported an adjusted net income of $10.18 per share, better than what analysts had anticipated.
BLK shares gained 0.9% immediately following the announcement. The stock has gained 50% since the beginning of this year.
![Blackrock Q4 2020 earnings](https://cdn.news.alphastreet.com/wp-content/uploads/2021/01/Blackrock-Q4-2020-.png)
CEO Laurence D. Fink, said, “Our strategic areas of investment flourished in 2020 as we saw record client demand for active equity, sustainable, cash and alternative investment strategies, generated $185 billion of net inflows into iShares ETFs and surpassed $1 billion in technology services revenue.”
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