BlackRock is scheduled to report first-quarter earnings on Wednesday before the bell.
Here’s what the Street is expecting:
- EPS: $4.89 per share expected by Thomson Reuters analysts’ consensus.
- Revenue: $2.87 billion by Thomson Reuters analysts’ consensus.
Late last month, the world’s largest money manager said it would overhaul its active management business by cutting jobs, reducing fees, and increasing its use of computers to pick stocks.
“We are reorienting some of the humans’ jobs in terms of doing more data science and data analysis,” Fink said on “Squawk Box” on April 6. “We’ll have the same amount of employees in our equity division a year from now that we do today.”
The change came as more investors abandon actively managed funds.
—CNBC’s Matthew Belvedere contributed to this report.