BlackRock Inc (WBO:BLK)
€ 731.9 -8.7 (-1.17%) Market Cap: 107.70 Bil Enterprise Value: 108.23 Bil PE Ratio: 19.94 PB Ratio: 2.94 GF Score: 94/100

BlackRock Inc at Goldman Sachs U.S. Financial Services Conference Transcript

Dec 11, 2019 / 01:00PM GMT
Release Date Price: €445.5 (-0.74%)
Alexander Blostein
Goldman Sachs Group Inc., Research Division - Lead Capital Markets Analyst

Great. Good morning, everybody. Welcome back. For our first presentation of the day, I'd like to welcome Gary Shedlin, BlackRock's CFO. In 2019, BlackRock's differentiated model continued to drive solid results with about $300 billion of net flows in the first 3 quarters of the year, with particular strength in iShares, fixed income and cash management capabilities. In addition, BlackRock's technology solutions for both institutional and wealth management clients remains a true differentiator, which we expect to drive further uncorrelated growth and asset flows over time. We'll spend some time with Gary this morning on BlackRock's growth initiatives along with trends shaping the asset management industry broadly. So thank you, and welcome.

Gary Stephen Shedlin
BlackRock, Inc. - Senior MD & CFO

Yes. Thanks for having us.

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