BlackRock’s ‘Bumpier’ Quarter Fuels Worst Earnings Day in Years

As Larry Fink reshapes BlackRock Inc. beyond public markets, its latest results show one thing: Expectations for the world’s largest asset manager are going up.

BlackRock shares fell as much as 7% Tuesday and were on track for the worst earnings-day drop in more than a decade, wiping out the bulk of the stock’s 2025 gains. That came after the asset manager reported earnings surpassing the average estimate, in a quarterly performance that most analysts deemed somewhere between solid and strong.