Taking into account the losses, its adjusted profit clocked at $1.12 billion or $7.36 per share.
The company is still making money and is still profitable. The "loss" that they're talking about can be explained like this -
You have 2 stocks. One goes up in value by $100 and the other drops $100. So you're even. But you did suffer a $100 loss on one of the stocks.
BlackRock did technically "lose" $1.7 Trillion on some investments. But made more than $1.7 Trillion on others. They are suffering through shot term losses in order to maximise long term gains. And the media is strategically wording things in order to manipulate you into thinking that BlackRock isn't a huge threat to you, when it really is.
>Taking into account the losses, its adjusted profit clocked at $1.12 billion or $7.36 per share.
The company is still making money and is still profitable. The "loss" that they're talking about can be explained like this -
You have 2 stocks. One goes up in value by $100 and the other drops $100. So you're even. But you did suffer a $100 loss on one of the stocks.
BlackRock did technically "lose" $1.7 Trillion on some investments. But made more than $1.7 Trillion on others. They are suffering through shot term losses in order to maximise long term gains. And the media is strategically wording things in order to manipulate you into thinking that BlackRock isn't a huge threat to you, when it really is.
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