BlackRock Inc.’s (BLK) shares touched a two-year high of $942.84 in yesterday’s trading session. Over the past three months, the stock has rallied 19.9%, outperforming the industry, the S&P 500 Index, and its close peers — Ameriprise Financial, Inc. (AMP) and Invesco Ltd. (IVZ) .Three-Month Price PerformanceImage Source: Zacks Investment ResearchDoes BLK stock have more upside left despite hitting a two-year high? Let’s try to decipher that.Factors Likely to Drive BlackRock Stock HigherFed’s Rate Cuts to Fu ...

The continued shift in investor preference toward passive investment strategies is expected to hamper top-line growth of the Zacks Investment Management industry stocks. Elevated technology costs will likely hurt profitability to an extent. While investment management companies benefited from significantly higher volatility and client activity in the past, they are not likely to record impressive growth in their assets under management (AUM) balances in the near term due to volatile asset flows. Despite the ...

Marks significant milestone for Vestmark's platform serving financial advisors WAKEFIELD, Mass., Sept. 24, 2024 /PRNewswire/ -- Vestmark, Inc., a leading provider of wealth management software and services, announced today a commercial partnership with BlackRock (NYSE: BLK) to enhance custom model portfolio solutions for registered investment advisors (RIAs). By combining Vestmark VAST's tax management capabilities across equities, ETFs, and separately managed accounts (SMAs) with BlackRock's extensive cust ...

During the 3 decades I’ve managed money, I’ve been increasingly surrounded by BlackRock Inc. (NYSE: BLK ). So has anyone who has been an investment advisor (as I was for 27 years), or as a mutual fund manager (I was onThe stock market tells us a story…we just have to listen! That’s the mission of Sungarden Investment Publishing (SIP).Founder Rob Isbitts applies his more than 30 years of hands-on investing experience to dissect the market, bust common myths and simplify the investment process for his audienc ...

TORONTO, Sept. 23, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the final September 2024 cash distributions for the iShares Premium Money Market ETF. Unitholders of record on September 24, 2024 will receive cash distributions payable on September 27, 2024. Details regarding the final “per unit” distribution amounts are as follows: Fund NameFund Ticker Cash Distribution Per Unit iS ...

BlackRock (BLK) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Sinc ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

BlackRock Inc. (BLK) and Microsoft Corp. (MSFT) entered into a partnership with Global Infrastructure Partners (“GIP”) and MGX, collectively named Global AI Infrastructure Investment Partnership (“GAIIP”), to make the infrastructural investment required to build enhanced AI capabilities.This collaboration aims to invest in new and expanded data centers to address the rising demand for computing power and energy infrastructure to build new sources of power for these facilities. These investments will be majo ...

The crypto market has been struggling to stage a rebound. However, the enthusiasm surrounding rate cuts saw Bitcoin (BTC), the world’s most popular cryptocurrency, surging above $60,000 for the first time since last month.Several factors have posed headwinds for Bitcoin over the past few months but market experts believe a rate cut will help the cryptocurrency resume its rally. Given this scenario, it would be ideal to adopt the buy-the-dip approach. Four such Bitcoin-centric stocks with upside are Interact ...

BlackRock’s (BLK) robust assets under management (AUM) balance and its efforts to restructure the equity business will likely keep aiding revenue growth. However, persistently rising expenses (mainly due to higher administration costs) are expected to hurt the company’s bottom line to an extent.BlackRock’s Key Growth DriversStrategic Buyouts: Given a solid balance sheet and liquidity position, BlackRock has been engaging in acquisitions — both domestic and overseas. In June 2024, the company agreed to acqui ...