BlackRock posted a 21% fourth quarter jump in profit after buoyant equity markets increased income from fees and drove its assets to a record high of $11.6 trillion, the world's largest money manager said on Wednesday.

BlackRock said in its fourth-quarter earnings report Wednesday that assets under management jumped to a record $11.55 trillion, up from $10 trillion a year ago. Analysts surveyed by FactSet had expected BlackRock to report a record $11.

BlackRock’s shares rose 3.3% in premarket trade on Wednesday after the company’s assets hit a record $11.6 trillion at the end of the fourth quarter. The world’s largest asset manager said it garnered a record net inflow of $641 billion in 2024,

BlackRock set a record for net inflows in 2024, with more than $600 billion.

BlackRock CEO Larry Fink joins 'Squawk Box' to discuss the company's alternatives business, 3 company acquisitions in 2024, succession plans, and more.

Red State treasurers still look at BlackRock’s CEO Larry Fink with skepticism, but these days less so, and they’ve largely stopped castigating him as a woke monster.

BlackRock's stock climbed 4.4% in premarket trading after the asset manager's Q4 earnings beat estimates with record inflows and revenue growth.