BlackRock (BLK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
BlackRock (BLK) is expected to have witnessed AUM growth in the second quarter of 2024, supported by inflows.
Get a deeper insight into the potential performance of BlackRock (BLK) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
BlackRock, Inc.'s Q2 2024 earnings expected to show similar financial performance, making its premium valuation unattractive for long-term investors. Recent operating performance has been positive with rising assets under management, but limited organic growth prospects due to large size. Acquisitions of Global Infrastructure Partners and Preqin aim to boost business diversification and growth prospects, but increased leverage may impact shareholder returns.
Over the longer term, strategists at the firm said investors should expect a wave of trillions in capital spending to power AI, shift to a low-carbon world, and reshuffle global supply chains.
Halfway through the year, thematic equity ETFs have exhibited wide levels of dispersion but continue to capture the market's attention heading into the second half of 2024.
BlackRock's (BLK) outlook is downgraded to negative by Moody's. The move is triggered by the high debt concern as the company plans to fund the two recent acquisitions through debt.
Goldman Sachs analyst Alexander Blostein reiterated a Buy rating on BlackRock, Inc. BLK with a price forecast of $929.
BlackRock (NYSE: BLK ) is the world's largest asset management company, and a big player on Wall Street. This status has brought with it a lot of revenue, a lot of earnings, and a lot of good and bad attention.
BlackRock, has just launched an ETF that offers 100% downside protection to investors.
BlackRock (BLK) has agreed to buy private markets data provider Preqin in a £2.55 billion (US$3.2 billion) cash deal, the world's largest asset manager announced Sunday.
BlackRock Inc (NYSE:BLK) has made another bold step in the alternative investment space with the acquisition of UK fund data firm Prequin for £2.55 billion. The fund management giant outbid the London Stock Exchange Group PLC (LSE:LSEG) and S&P Global in an auction, according to the reports today.