BlackRock's assets under management reached yet another high in Q2. The company has growth catalysts on its side in the years ahead. Generating net interest income in the first half of 2024, BLK's financial positioning remains very strong.
BlackRock (BLK) closed at $870.21 in the latest trading session, marking a -0.26% move from the prior day.
BlackRock TCP Capital operates as a business development company that generates its earnings from debt investments in middle market companies. TCPC offers a high dividend yield of 17.8% but may face a future distribution cut due to rising non-accruals. Future interest rate cuts may negatively impact the NII per share. NAV has deteriorated over the last year as a result of shrinking adjusted net investment income.
Several large, well-known fund management companies bought shares of Trump Media & Technology Group DJT in the second quarter, which comes after the Trump co-founded company made its highly anticipated debut in March.
A continued rise in expenses may hurt BlackRock's (BLK) bottom-line growth. However, efforts to restructure the active equity business will likely aid the top line.
There are many reasons to celebrate the BlackRock Flexible Income ETF (BINC). The actively managed multisector ETF launched less than 15 months ago.
BlackRock (BLK) reported earnings 30 days ago. What's next for the stock?
The recent stock market crash impacted even experts from large financial institutions which were made to rethink their holdings, such as BlackRock (NYSE: BLK) and its CEO Larry Fink.
Spot ether exchange-traded funds (ETFs) reported their second-best day of inflows since their July 23 launch on Monday, even as ether (ETHUSD) prices crashed amid a broad market rout.
There are many winners and losers among the 5,283 BlackRock holdings reported in the latest available 13-f filing. While most portfolios have some obvious strong performers and many hidden gems, the multi-trillion dollar asset manager may indeed have all of its strongest picks out in plain view.
BlackRock's stock (NYSE: BLK) has gained roughly 4% YTD as compared to the 17% rise in the S&P500 index over the same period. In sharp contrast, BlackRock's peer State Street's stock (NYSE: STT) is up 10% YTD.
On Tuesday, BlackRock debuted its own spot ether ETF, the iShares Ethereum Trust ETF (ETHA). ETHA normally has a net expense ratio of 0.25%.