BlackRock, Inc. (NYSE:BLK) Q2 2024 Earnings Conference Call July 15, 2024 7:30 AM ET

Company Participants

Christopher J. Meade - General Counsel
Laurence D. Fink - Chairman & Chief Executive Officer
Martin S. Small - Chief Financial Officer

Conference Call Participants

Alex Blostein - Goldman Sachs
Craig Siegenthaler - Bank of America
Michael Cyprys - Morgan Stanley
Bill Katz - TD Cowen
Dan Fannon - Jefferies
Ken Worthington - JPMorgan

Operator

Good morning. My name is Jennifer, and I will be your conference facilitator today. At this time, I'd like to welcome everyone to the BlackRock Incorporated Second Quarter 2024 Earnings Teleconference.

Our host for today's call will be Chairman and Chief Executive Officer, Laurence D. Fink; Chief Financial Officer, Martin S. Small; President, Robert S. Kapito; and General Counsel, Christopher J. Meade.

All lines have been made on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer period. [Operator Instructions] Thank you.

Mr. Meade, you may begin your conference.

Christopher J. Meade

Thank you, operator. Good morning, everyone. I'm Chris Meade, the General Counsel of BlackRock.

Before we begin, I'd like to remind you that during the course of this call, we may make a number of forward-looking statements. We call your attention to the fact that BlackRock's actual results may of course differ from these statements. As you know, BlackRock has filed reports with the SEC, which list some of the factors that may cause the results of BlackRock to differ materially from what we say today. BlackRock assumes no duty and does not undertake to update any forward-looking statements.

So with that, I'll turn it over to Larry.

Laurence D. Fink

Thank you, Chris.

I'd like to begin by addressing what occurred over the weekend. The assassination attempt on former President Trump is abhorrent. I was very relieved he wasn't seriously injured, and I'm thinking about the victims of this shooting, especially the innocent person who was killed. As I wrote to my BlackRock colleagues in the hours immediately following the horrific event Saturday evening, we must condemn political violence of any kind, period. And as Americans, we must stand united to do our part to promote civility and unity for our country and provide hope for all Americans.

I'll turn it over to Martin now.

Martin S. Small

Thanks, Larry, and good morning, everyone.

Before I turn it back to Larry, I'll review our financial performance and business results for the second quarter of 2024. Our earnings release discloses both GAAP and as-adjusted financial results. I'll be focusing primarily on our as-adjusted results.