BlackRock Enters Q3 Earnings With 23.8% EPS Growth Expected

BlackRock is heading into its third-quarter earnings release with analysts expecting double-digit growth in earnings and revenue, while renewed inflows into its spot Bitcoin ETF provide additional market context. BlackRock is expected to report third-quarter results before the market opens Wednesday. Analysts project earnings per share of $14.30, an increase of 23.8% from the year-earlier period. Revenue is expected to rise 14.1% to $7.43 billion. The results will provide an update on BlackRock’s performance as investors track growth across its businesses. BlackRock’s iShares Bitcoin Trust ETF, or IBIT, recorded $22.38 million in net inflows Oct. 9.

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