CarMax ( KMX ) fell in early trading on Tuesday despite topping consensus estimates with its fiscal fourth-quarter earnings report. Retail used unit sales decreased 0.8%, and comparable store used unit sales declined 1.9% during the quarter. Total retail used vehicle revenues decreased 1.2% compared with the prior year's fourth quarter, driven by lower retail used units sold and a decrease in aver...
CarMax ( KMX ) fell in early trading on Tuesday despite topping consensus estimates with its fiscal fourth-quarter earnings report. Retail used unit sales decreased 0.8%, and comparable store used unit sales declined 1.9% during the quarter. Total retail used vehicle revenues decreased 1.2% compared with the prior year's fourth quarter, driven by lower retail used units sold and a decrease in average retail selling price of approximately $110 per unit, or 0.4%. Wholesale units increased 3.0% during the quarter. Total wholesale revenues declined 0.1% compared with the prior year’s fourth quarter due to a decrease in the average wholesale selling price of approximately $270 per unit, or 3.3%, mostly offset by the increase in wholesale units sold. Total gross profit was down 9.4% to $605.3M. Retail used vehicle gross profit decreased 9.6%, and retail gross profit per used unit was $2,115, down $207 from last year’s record fourth quarter, reflecting pricing actions to drive an improved sales trend. Wholesale vehicle gross profit decreased 7.3% from a year ago, reflecting lower gross profit per unit, which declined $105 to $940 per unit, partially offset by higher wholesale unit volume. CarMax ( KNX ) reported Q4 non-GAAP EPS of $0.34 vs. $0.64 a year ago and $0.21 consensus. During Q4, CarMax ( KMX ) opened one new store location in Florence, Kentucky, and one stand-alone reconditioning/auction center located in Frederick, Maryland. "We are moving with urgency to improve execution, drive efficiencies, and sharpen our customer offering," stated CarMax ( KMX ) CEO Keith Barr. "We will make CarMax the obvious choice for customers through competitive pricing, access to a large selection of high-quality vehicles, and an exceptional end-to-end customer experience. Together with CarMax’s brand and culture, our national scale positions us well to regain momentum and deliver the growth and returns this business is capable of generating," he added. Looking ahead, CarMax ( KMX ) p...
(RTTNews) - US investment bank JPMorgan Chase & Co. (JPM) reported Tuesday that net income for the first quarter grew to $16.49 billion or $5.94 per share from $14.64 billion or $5.07 per share in the prior-year quarter.
(RTTNews) - US investment bank JPMorgan Chase & Co. (JPM) reported Tuesday that net income for the first quarter grew to $16.49 billion or $5.94 per share from $14.64 billion or $5.07 per share in the prior-year quarter.
Erik Isakson/DigitalVision via Getty Images The last article on New Era Energy & Digital, Inc. ( NUAI ) mentioned that the company seemed to have a chief existence of raising cash at the current time. Therefore, the latest stock offering that netted the company nearly $100 million should not have come as a surprise. The stock offering itself was for roughly 30 million shares with an overallotment ...
Erik Isakson/DigitalVision via Getty Images The last article on New Era Energy & Digital, Inc. ( NUAI ) mentioned that the company seemed to have a chief existence of raising cash at the current time. Therefore, the latest stock offering that netted the company nearly $100 million should not have come as a surprise. The stock offering itself was for roughly 30 million shares with an overallotment of roughly 4 million more. The prospectus itsel f used roughly 60 million shares outstanding as the number of shares issued before the offering. Going Concern Statement That is quite a bit of dilution for a company with a going concern statement. Going Concern Our cash and cash equivalents are not sufficient to fund our planned operations for a period of at least one year from the date these financial statements are issued. Until we can generate substantial revenue and achieve profitability, we will need to raise additional capital to fund our ongoing operations and capital needs. There is no assurance, however, that additional financing will be available when needed or that we will be able to obtain financing on terms acceptable to us. These conditions raise substantial doubt about our ability to continue as a going concern. This comes from the annual report . To me, that statement above eliminates this idea as an investment consideration for most investors. Consider that a “full stop” and really not go any further. But there is more still. Litigation But there is litigation in addition to the going concern statement with the state of New Mexico concerning the company's existing oil & gas business: New Era Energy & Digital New Mexico Litigation (New Era Energy & Digital 10-K Filed With The SEC March 2026) Another key idea from the litigation is that this company only recently entered the data center business. The company was in another business, as demonstrated by the litigation above, and that business has yet to be completely closed down. That makes one wonder exactly ho...
A top UN official has criticised lack of global urgency as reports confirm the world’s largest humanitarian crisis is worsening Efforts to end Sudan’s catastrophic war have been criticised as “unacceptable” by the country’s top UN official as a series of new reports confirm that the world’s biggest humanitarian crisis is worsening. Speaking to the Guardian on the eve of the third anniversary of th...
A top UN official has criticised lack of global urgency as reports confirm the world’s largest humanitarian crisis is worsening Efforts to end Sudan’s catastrophic war have been criticised as “unacceptable” by the country’s top UN official as a series of new reports confirm that the world’s biggest humanitarian crisis is worsening. Speaking to the Guardian on the eve of the third anniversary of the war, Denise Brown expressed her concern over the apparent lack of political urgency to end a conflict that has forced 14 million Sudanese to flee their homes. Tens of thousands of people are missing. Continue reading...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Luz Ding reports on the swift rise to fame by a stealthy new team inside Alibaba. Tech Across the Globe Microsoft price hikes: The company raised the prices of its Surface devices, handing consumers the costs of more expensive memory chips. Check out the increase here . K...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Luz Ding reports on the swift rise to fame by a stealthy new team inside Alibaba. Tech Across the Globe Microsoft price hikes: The company raised the prices of its Surface devices, handing consumers the costs of more expensive memory chips. Check out the increase here . Kid gamers: Roblox is introducing special age-verified accounts for young children and teens. See why the game platform is under pressure to make the move . Paramount pushback: Hollywood actors, directors and screenwriters oppose Paramount’s $110 billion takeover of Warner Bros., saying the deal will cost jobs and hurt the movie-going public. Here are some of those protesting the acquisition. Revalued Victory Giant Technology, which already trades in Shenzhen, has begun taking orders for a listing in Hong Kong that may raise as much as $2.2 billion . The deal by the maker of printed circuit boards would be among the city’s largest first-time share sales this year. Investor enthusiasm for everything AI has helped propel Victory Giant’s shares, valuing the company at $37 billion. Happy times in Hangzhou Case closed. Happy Horse, the mysterious video-generation AI model that last week swept to the top of a global benchmark , belongs to Alibaba. The Chinese company finally owned up to the achievement on Friday, after keeping investors and observers guessing for much of the week. It was a highly unusual stealthy introduction, marking a couple of firsts for Alibaba. The ecommerce leader is, like all its peers in internet tech, usually all too happy to celebrate and talk up its breakthroughs and innovations. When Alibaba revamped its consumer-facing Qwen AI app earlier this year, there were social media video teasers, nighttime light shows in the skies above its Hangzhou campus, and hundreds of guests and journalists invited to a grand reveal. On this occasion, the company introduc...
Michael M. Santiago/Getty Images News Wells Fargo ( WFC ) was trading lower after posting mixed earnings results for the first quarter of 2026 as net interest income fell short of expectations. Shares were 2.12% lower at $84.80 before the market open on Tuesday. The banking giant reported Q1 GAAP EPS of $1.60, which beats analyst estimates by $0.02, and revenue of $21.45B (+6.5% Y/Y), which misses...
Michael M. Santiago/Getty Images News Wells Fargo ( WFC ) was trading lower after posting mixed earnings results for the first quarter of 2026 as net interest income fell short of expectations. Shares were 2.12% lower at $84.80 before the market open on Tuesday. The banking giant reported Q1 GAAP EPS of $1.60, which beats analyst estimates by $0.02, and revenue of $21.45B (+6.5% Y/Y), which misses consensus by $340M. Revenue benefited from a 5% year-over-year increase in net interest income, which came to $12.10B for the quarter. However, the metric fell short of the average analyst estimate. The Cap IQ estimate for Q1 NII was $12.30B. The consumer banking and lending segment saw a 7% year-over-year rise in quarterly revenue to $10.00B. Commercial banking saw its revenue increase to $3.12B from $3.08B. Corporate and investment banking revenue was up 4% to $5.28B. Meanwhile, wealth and investment management advanced 14% to $3.88B. Provision for credit losses jumped 21.78% from the prior year to $1.14B. The figure comes slightly below the $1.17B Cap IQ estimate for loan loss provision. Common equity Tier 1 ratio stood at 10.3% at March 31, modestly below 10.6% at the end of the prior quarter. Supplementary leverage ratio fell to 5.9% from 6.2%. "While markets have been volatile, we still see continued resiliency in the underlying economy and the financial health of the consumers and businesses we serve remains strong, though the impact of higher oil prices will likely take some time to materialize," said CEO Charlie Scharf. "We will continue to monitor trends and respond accordingly, and we are well positioned to support our customers across a range of economic scenarios," added Scharf. Wells Fargo maintained its net interest income guidance for 2026 at +/- $50B. The consensus stands at $50.45B. Earnings conference call is scheduled to take place today at 10:00 AM ET. More on Wells Fargo Wells Fargo: The Setup Is Favorable (Earnings Preview) Wells Fargo: 5% Capital Ap...
Lucid Group Inc. named a new chief executive officer and announced $750 million of fresh investment from its two biggest backers, moves to shore up its operations as the electric-vehicle maker approaches a crucial production stretch. Silvio Napoli , the former head of Swiss elevator manufacturer Schindler Holding AG, will become Lucid’s CEO in the coming weeks after approval of a US work visa, the...
Lucid Group Inc. named a new chief executive officer and announced $750 million of fresh investment from its two biggest backers, moves to shore up its operations as the electric-vehicle maker approaches a crucial production stretch. Silvio Napoli , the former head of Swiss elevator manufacturer Schindler Holding AG, will become Lucid’s CEO in the coming weeks after approval of a US work visa, the automaker said Tuesday. Marc Winterhoff , who has served as Lucid’s interim CEO since February 2025, will return to his role as chief operating officer. “My job is to come in and make a sustainable business out of this incredible company,” Napoli said in an interview with Bloomberg Television. He acknowledged his goal of making Lucid more resilient will be “a lot of work.” Separately Tuesday, Lucid said it received a commitment for another $550 million from an affiliate of Saudi Arabia’s Public Investment Fund , the EV maker’s majority shareholder. Lucid also expanded its relationship with robotaxi partner Uber Technologies Inc. , which will invest $200 million more and increase its vehicle purchase commitment. Lucid shares jumped 11% as of 7:04 a.m. before regular trading in New York. The stock fell 13% this year through through Monday’s close. The automaker continues to navigate a tough demand environment after a turbulent 2025 marked by production challenges, supply-chain shortages and massive trade and EV policy shifts under the Trump administration. At the same time, oil prices have spiked due to the ongoing war in Iran, potentially giving Lucid an opportunity to appeal to consumers newly concerned about fuel efficiency. “When fuel prices in the US are over $4 a gallon, that makes the total cost of ownership for EV customers a lot more affordable,” Napoli said. Lucid Chairman Turqi Alnowaiser , along with other representatives of the PIF, were involved in the CEO discussion, Napoli said. The additional investment is “confirmation of their continued support” and belief...
First the administration sought to defund Title X. Now it’s reimagining what it stands for The Trump administration, dominated by religious anti-abortion conservatives and reeling in money from a new wave of pronatalist tech reactionaries, has long been considering ways to persuade, pressure and cajole women into having more babies. The Dobbs decision overturning Roe v Wade in 2022, in which Donal...
First the administration sought to defund Title X. Now it’s reimagining what it stands for The Trump administration, dominated by religious anti-abortion conservatives and reeling in money from a new wave of pronatalist tech reactionaries, has long been considering ways to persuade, pressure and cajole women into having more babies. The Dobbs decision overturning Roe v Wade in 2022, in which Donald Trump’s three first-term supreme court appointees cast decisive votes, was a first step; later, after he returned to office, Trump reportedly fielded proposals for $5,000 “baby bonuses” – not quite enough to raise a child, one notices – and “motherhood medals” for fertile women that are similar to awards dispensed by the Nazi regime . Now, it’s seeking out a new tactic: removing birth control access. This month, the Trump administration renewed its attacks on Title X, the federal reproductive health program that provides birth control to an estimated 2 million low-income Americans. In the White House’s proposed budget, funding for the program was eliminated altogether . Then, the Title X administrators at the Department of Health and Human Services announced new guidance to the program’s partner providers, the clinics and medical practices that actually dispense the medication and care. The program was changing, the providers were told. For decades, Title X had been a contraception program. Now, it was going to be reimagined as a pro-conception one. Continue reading...
Rising temperatures and extreme drought are driving more destructive spring fires across the American Great Plains. This year, forces aligned to create the perfect storm in Nebraska In a normal year, the vast grasslands that roll across the American Great Plains would be starting to green. But at the center of the US, where most of the nation’s beef producers graze their herds, this spring brought...
Rising temperatures and extreme drought are driving more destructive spring fires across the American Great Plains. This year, forces aligned to create the perfect storm in Nebraska In a normal year, the vast grasslands that roll across the American Great Plains would be starting to green. But at the center of the US, where most of the nation’s beef producers graze their herds, this spring brought fire instead of moisture, leaving more than a million acres black and barren. Multiple blazes raged across Nebraska , where the records for the annual acreage burned were obliterated in a single month. The state logged the largest blaze ever recorded when the Morrill fire cascaded across more than 642,000 acres before it was contained in March. Continue reading...
The venerated trainer could not find a guru in the world to cure one of the greatest hurdlers in history but a surprise switch to the Flat promises a career swansong Nicky Henderson is 75 years old and, after almost half a century of training horses, he has seen everything in the strange and compelling world of racing. But the extraordinary and still evolving story of his great old horse Constitut...
The venerated trainer could not find a guru in the world to cure one of the greatest hurdlers in history but a surprise switch to the Flat promises a career swansong Nicky Henderson is 75 years old and, after almost half a century of training horses, he has seen everything in the strange and compelling world of racing. But the extraordinary and still evolving story of his great old horse Constitution Hill makes even Henderson pause in his study. It’s a sunlit afternoon in Lambourn and we’ve just left the mighty but complex horse in his stable. Standing next to Henderson for a photoshoot, Constitution Hill had been typically calm. He then took a slow walk outside before, having waited patiently for lunch, the horse ambled inside for a good feed. It was all so different to the drama and glory, the disappointment and yearning, that defines the horse’s saga. Continue reading...
Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha More on Wells Fargo Wells Fargo: The Setup Is Favorable (Earnings Preview) Wells Fargo: 5% Capital Appreciation Potential From WFC.PR.L Preferred Shares WFC-D Vs. WFC-Y: Comparing Coupon Extremes Bessent, Powell call urgent meeting with bank CEOs about Anthropic model risks...
Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha Seeking Alpha More on Wells Fargo Wells Fargo: The Setup Is Favorable (Earnings Preview) Wells Fargo: 5% Capital Appreciation Potential From WFC.PR.L Preferred Shares WFC-D Vs. WFC-Y: Comparing Coupon Extremes Bessent, Powell call urgent meeting with bank CEOs about Anthropic model risks Not all financials are equal in a credit cycle - BofA
In this article JNJ Follow your favorite stocks CREATE FREE ACCOUNT Johnson & Johnson offices in Irvine, California, US, on Friday, Oct. 10, 2025. Kyle Grillot | Bloomberg | Getty Images Johnson & Johnson reported first-quarter earnings that beat Wall Street expectations on Tuesday and raised its full-year forecast, as strong demand for the cancer drug Darzalex and the psoriasis treatment Tremfya ...
In this article JNJ Follow your favorite stocks CREATE FREE ACCOUNT Johnson & Johnson offices in Irvine, California, US, on Friday, Oct. 10, 2025. Kyle Grillot | Bloomberg | Getty Images Johnson & Johnson reported first-quarter earnings that beat Wall Street expectations on Tuesday and raised its full-year forecast, as strong demand for the cancer drug Darzalex and the psoriasis treatment Tremfya more than offset a steep falloff in sales of its blockbuster autoimmune drug Stelara. The drug and device maker reported first-quarter revenue of $24.1 billion, up nearly 10% from a year earlier. That exceeded analysts' estimates of $23.6 billion, according to LSEG data. Adjusted earnings came in at $2.70 per share, above the consensus estimate of $2.66. Stelara, which topped $10 billion in annual sales at its peak, is facing biosimilar competition after losing patent protection last year. Sales of the drug fell around 60% from a year ago to $656 million. Shares of the company, which have risen 15% so far this year, were marginally down premarket. Chief Financial Officer Joseph Wolk said in an interview that instead of switching to the biosimilars, many patients have chosen other treatments like Tremfya. "We are seeing increased share in Tremfya and we anticipate we'll see something similar in the new oral offering," Wolk said, referring to its new drug Icotyde, which was approved in March. Tremfya, which treats psoriasis as well as inflammatory bowel diseases, brought in $1.6 billion for the quarter. Analysts were expecting sales of $1.2 billion for the drug. Sales of Darzalex, a blood cancer therapy launched in 2015, were $4.0 billion for the quarter, easily beating analysts' expectations of $3.4 billion. Quarterly sales for the medical technology business rose 7.7% to $8.6 billion, in line with analysts' expectations. The company raised its full-year 2026 revenue forecast range with a new midpoint of about $100.8 billion, just above Wall Street's estimate of $100...
China has slammed the US blockade of Iranian ports as “dangerous and irresponsible”, calling for an immediate and full ceasefire and for the Strait of Hormuz to be reopened. Foreign ministry spokesman Guo Jiakun told reporters at a daily briefing in Beijing on Tuesday that the US action would only “inflame tensions, escalate the situation and undermine an already fragile ceasefire”, and that would...
China has slammed the US blockade of Iranian ports as “dangerous and irresponsible”, calling for an immediate and full ceasefire and for the Strait of Hormuz to be reopened. Foreign ministry spokesman Guo Jiakun told reporters at a daily briefing in Beijing on Tuesday that the US action would only “inflame tensions, escalate the situation and undermine an already fragile ceasefire”, and that would further jeopardise the safety of navigation in the strait. “We urge all parties to abide by the...
U.S. President Donald Trump speaks at an event about the economy at the Circa Resort and Casino in Las Vegas, Nevada, U.S., January 25, 2025. Leah Millis | Reuters The National Republican Congressional Committee on Tuesday launched a digital ad campaign in 14 competitive congressional districts across 11 states touting GOP-led tax breaks. The campaign, reported first by CNBC, is part of a Republic...
U.S. President Donald Trump speaks at an event about the economy at the Circa Resort and Casino in Las Vegas, Nevada, U.S., January 25, 2025. Leah Millis | Reuters The National Republican Congressional Committee on Tuesday launched a digital ad campaign in 14 competitive congressional districts across 11 states touting GOP-led tax breaks. The campaign, reported first by CNBC, is part of a Republican effort during the week taxes are due to highlight proposals, like no tax on tips and no tax on overtime, that were enacted as part of the 2025 GOP tax and spending bill. "After years of Democrats squeezing working Americans dry, House Republicans stepped in and delivered real relief," NRCC spokesman Mike Marinella said in a statement. "Bigger paychecks, lower taxes, and proof that when Republicans lead, working families come first." Marinella did not disclose the cost of the campaign, but described it as a "modest ad buy." Read more CNBC politics coverage Trump: U.S. will blockade Strait of Hormuz after Iran talks fail Vance heads back to the U.S. after Iran peace talks break down Allies pull support for Swalwell after sex assault allegations Judge told to reconsider halt on Trump's White House ballroom Rep. Eric Swalwell denies sexual assault allegations Trump's 250-foot 'triumphal arch' would loom over Potomac Epstein victims will get House committee hearing, Comer says White House warned staff against Iran war bets on prediction markets President Donald Trump has also often promoted the so-called One Big Beautiful Bill Act, calling its provisions "the largest tax cuts in American history," in a speech at the World Economic Forum in Davos, Switzerland, in January. The ad comes amid a midterm election cycle in which voters are laser-focused on the economy and a war in Iran that has made affordability a looming campaign issue. Republicans are hoping to retain slim majorities in both the House and Senate but face an uphill climb, particularly in the lower chamber, where t...
(RTTNews) - U.K. stocks turned in a mixed performance Tuesday morning with investors reacting to some corporate news and closely following the developments on the geopolitical front.
(RTTNews) - U.K. stocks turned in a mixed performance Tuesday morning with investors reacting to some corporate news and closely following the developments on the geopolitical front.
RWS Global, a world leader in live experiences across entertainment and sports, today announced that Founder, Chairman & CEO Ryan Stana will transition to Executive Chairman. Current Chief Operating Officer Jake McCoy has been appointed Interim CEO. The transition was announced by Stana with the support of Bluestone Equity Partners, RWS Global's minority investor, as well as the company's Board of...
RWS Global, a world leader in live experiences across entertainment and sports, today announced that Founder, Chairman & CEO Ryan Stana will transition to Executive Chairman. Current Chief Operating Officer Jake McCoy has been appointed Interim CEO. The transition was announced by Stana with the support of Bluestone Equity Partners, RWS Global's minority investor, as well as the company's Board of Directors.
TORONTO, April 14, 2026 (GLOBE NEWSWIRE) -- AGF Management Limited (AGF or the Company) (TSX: AGF.B) today announced financial results for the first quarter ended February 28, 2026.
TORONTO, April 14, 2026 (GLOBE NEWSWIRE) -- AGF Management Limited (AGF or the Company) (TSX: AGF.B) today announced financial results for the first quarter ended February 28, 2026.
TORONTO, 14 avr. 2026 (GLOBE NEWSWIRE) -- La Société de Gestion AGF Limitée (« AGF » ou la « Société ») (TSX : AGF.B) a publié aujourd’hui ses résultats financiers pour le premier trimestre terminé le 28 février 2026.
TORONTO, 14 avr. 2026 (GLOBE NEWSWIRE) -- La Société de Gestion AGF Limitée (« AGF » ou la « Société ») (TSX : AGF.B) a publié aujourd’hui ses résultats financiers pour le premier trimestre terminé le 28 février 2026.
Internet, Everywhere, April 14, 2026 (GLOBE NEWSWIRE) -- Shopify Inc. (NASDAQ, TSX: SHOP) plans to announce financial results for the quarter ended March 31, 2026 before markets open on Tuesday, May 5, 2026. Shopify’s management team will host a conference call to discuss first-quarter results at 8:30 a.m. ET on Tuesday, May 5, 2026. The conference call will be available via webcast on the Investo...
Internet, Everywhere, April 14, 2026 (GLOBE NEWSWIRE) -- Shopify Inc. (NASDAQ, TSX: SHOP) plans to announce financial results for the quarter ended March 31, 2026 before markets open on Tuesday, May 5, 2026. Shopify’s management team will host a conference call to discuss first-quarter results at 8:30 a.m. ET on Tuesday, May 5, 2026. The conference call will be available via webcast on the Investor Relations section of Shopify’s website at https://www.shopify.com/investors/events. An archived re
Tesla investors got some needed good news on Tuesday with a Wall Street upgrade ahead of next week’s earnings reports. Tuesday, UBS analyst Joseph Spak upgraded Tesla stock to Hold from Sell. Tesla stock was up 1.8% at $358.89 in premarket trading, while and futures were up 0.1% and down 0.1%, respectively.
Tesla investors got some needed good news on Tuesday with a Wall Street upgrade ahead of next week’s earnings reports. Tuesday, UBS analyst Joseph Spak upgraded Tesla stock to Hold from Sell. Tesla stock was up 1.8% at $358.89 in premarket trading, while and futures were up 0.1% and down 0.1%, respectively.
BlackRock ( BLK ) posted Q1 earnings and revenue that exceeded Wall Street consensus estimates, helped by 8% Y/Y organic fee growth. Adjusted margins increased by more than 100 basis points from a year ago. Q1 long-term net quarterly inflows of $136B, lagging the Visible Alpha consensus of $150B, slowed from inflows of $268B in the prior quarter. iShares exchange-traded products turned in Q1 net i...
BlackRock ( BLK ) posted Q1 earnings and revenue that exceeded Wall Street consensus estimates, helped by 8% Y/Y organic fee growth. Adjusted margins increased by more than 100 basis points from a year ago. Q1 long-term net quarterly inflows of $136B, lagging the Visible Alpha consensus of $150B, slowed from inflows of $268B in the prior quarter. iShares exchange-traded products turned in Q1 net inflows of $132B, a Q1 record. Active equity drove $3B of net inflows, and private markets inflows of $9B were led by private credit and infrastructure. Q1 adjusted EPS of $12.53, crushing the average analyst estimate of $11.48, fell from $13.16 in Q4 and increased from $11.30 in last year’s Q1. Revenue of $6.70B, beating the $6.43B consensus, dropped from $7.01B in the previous quarter and climbed from $5.28B a year ago. BlackRock ( BLK ) stock gained 2.1% in premarket trading. Total investment advisory, administration fees, and security lending revenue of $5.44B grew from $5.28B in Q4 and $4.40B in Q1 2025. Technology services and subscription revenue of $530M was essentially flat with $531M in the prior quarter and increased from $436M a year ago. BlackRock’s ( BLK ) assets under management of $13.89T (vs. $14.04T Visible Alpha consensus) compared with $13.46T at the end of Q4 and $11.58T at the end of Q1 2025. Q1 total expenses of $3.88B declined from $5.35B in the previous quarter and rose from $3.58B in the year-ago period. Adjusted operating margin of 44.5% edged down from 45.0% in the prior quarter and improved from 43.2% in the year-ago period. "BlackRock delivered one of the strongest starts to a year in our history," said Chairman and CEO Laurence D. Fink. "Clients awarded us with $130B of net inflows in the first quarter, driving 8% organic base fee growth — our highest first quarter in five years" Conference call at 7:30 AM ET. More on BlackRock The Gold Standard Of Asset Management: BlackRock Wall Street Lunch: Private Credit Funds Face $10B Investor Exit Wave ...