BlackRock reports securities lending revenue rise
01 August 2017 New York
Image: Shutterstock
BlackRock reported higher quarter-over-quarter and year-over-year securities lending revenue in its Q2 2017 results, as clients began to put more of their assets to work.
The combined investment advisory, administration fees and securities lending revenue increased $186 million from Q2 2016, reflecting the impact of higher markets and organic growth in average assets under management.
BlackRock reported securities lending revenue of $156 million for Q2 2017, up from Q1 2017鈥檚 $141 million and Q2 2016鈥檚 $151 million.
Investment advisory, administration fees and securities lending revenue increased $145 million from Q1 2017, driven by higher average assets under management, the effect of one additional day in the quarter and seasonally higher securities lending revenue.
鈥淏lackRock鈥檚 second quarter results reflect the trust our clients continue to place in our global investment and technology platform,鈥� commented Laurence Fink, chairman and CEO of BlackRock.
鈥淲hile significant cash remains on the sidelines, investors have begun to put more of their assets to work. The strength and breadth of BlackRock鈥檚 platform generated a record $94 billion of long-term net inflows in the quarter, positive across all client and product types, and investment styles. The organic growth that BlackRock is experiencing is a direct result of the investments we鈥檝e made over time to build our platform.鈥�
The combined investment advisory, administration fees and securities lending revenue increased $186 million from Q2 2016, reflecting the impact of higher markets and organic growth in average assets under management.
BlackRock reported securities lending revenue of $156 million for Q2 2017, up from Q1 2017鈥檚 $141 million and Q2 2016鈥檚 $151 million.
Investment advisory, administration fees and securities lending revenue increased $145 million from Q1 2017, driven by higher average assets under management, the effect of one additional day in the quarter and seasonally higher securities lending revenue.
鈥淏lackRock鈥檚 second quarter results reflect the trust our clients continue to place in our global investment and technology platform,鈥� commented Laurence Fink, chairman and CEO of BlackRock.
鈥淲hile significant cash remains on the sidelines, investors have begun to put more of their assets to work. The strength and breadth of BlackRock鈥檚 platform generated a record $94 billion of long-term net inflows in the quarter, positive across all client and product types, and investment styles. The organic growth that BlackRock is experiencing is a direct result of the investments we鈥檝e made over time to build our platform.鈥�
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