10:39 AM EDT, 10/15/2025 (MT Newswires) -- BlackRock's ( BLK ) Q3 financial results were "solid," with the core earnings per share beat driven by much higher-than-expected performance fees, Deutsche Bank analysts said in a Wednesday note.

The company reported Q3 adjusted earnings Tuesday of $11.55 per diluted share, up from $11.46 a year earlier. Analysts polled by FactSet expected $11.30.

The Deutsche Bank analysts said that "good cost control" and better-than-expected adjusted operating margin at 44.6% demonstrated BlackRock's ( BLK ) ability to scale revenue growth.

Revenue for the quarter ended Sept. 30 was $6.51 billion, compared with a FactSet estimate of $6.27 billion.

Deutsche Bank has a buy rating on the stock and a price target of $1,312.

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