BlackRock.. Asset size breaks a historical level and quarterly performance exceeds expectations.

BlackRock released its financial performance report for the third quarter of this year on Friday, showing a surge in assets that breached the highest level for the world's largest asset manager for the third consecutive quarter; supported by increased inflows into the company's exchange-traded funds alongside a sharp rise in stocks, which enhanced the value of its clients' investments.

The volume of assets under BlackRock’s management reached $11.48 trillion in the third quarter, up from $9.10 trillion during the same period last year, after recording $10.65 trillion in assets in the first quarter of this year.

In the third quarter, BlackRock announced an increase in revenues to $5.2 billion, while Wall Street estimates had anticipated only a quarterly revenue increase to $5.05 billion. Additionally, BlackRock's earnings per share reached $11.46, while Wall Street expected earnings per share to be $10.64 by the end of the third quarter.

Following the release of the quarterly performance report, BlackRock's stock (NYSE: BLK) jumped about 2.03% to trade near $975.00 per share in pre-market trading in the U.S.