BlackRock has reported a strong fourth quarter (Q4 2024), with profit surging 21% year-on-year and assets hitting $11.6tn. The US-based asset manager's net income attributable to shareholders reached $1.

With impressive growth in assets under management (AUM), which reached a record $11.6 trillion, BlackRock ended the quarter and fiscal 2024 on a high note.

BlackRock (BLK) reports strong Q4 results with 23% revenue growth and net inflow of $281 billion. AUM increases to $11.6 trillion.

BlackRock posted a 21% fourth quarter jump in profit after buoyant equity markets increased income from fees and drove its assets to a record high of $11.6 trillion, the world's largest money manager said on Wednesday.