Core Insights - BlackRock (BLK) is expected to report improved third-quarter 2025 results on October 14, with revenues and earnings anticipated to rise year over year [1][8] - The company has a strong earnings surprise history, surpassing the Zacks Consensus Estimate in the last four quarters with an average surprise of 9.65% [2] AUM Growth - BlackRock remains a leading player in the ETF market, with consistent AUM growth supported by diversified offerings and strong revenue mix [3] - The approval of spot Bitcoin and ether ETFs, along with acquisitions of ElmTree and HPS Investment Partners, are expected to further boost AUM [4] - The Zacks Consensus Estimate for total AUM in Q3 is $13.08 trillion, reflecting a 13.9% year-over-year increase, while the internal estimate is $12.59 trillion [4] Revenue Expectations - Revenue growth is anticipated in investment advisory, administration fees, and securities-lending revenues, with a consensus estimate of $4.92 billion, indicating a 22.1% year-over-year rise [5] - The consensus estimate for investment advisory performance fees is $359 million, showing a decline of 7.5%, while distribution fees are expected to rise by 7.4% to $347 million [6] - Technology services revenues are projected to reach $497 million, reflecting a 23.3% year-over-year increase [6] - Advisory and other revenues are estimated at $58 million, indicating a 9.4% rise [7] Expense Overview - Total expenses are expected to increase to $3.66 billion, representing a 14.8% year-over-year rise due to restructuring initiatives and inorganic expansion efforts [9] Recent Developments - The acquisition of HPS Investment Partners on July 1 is expected to enhance BlackRock's private credit capabilities and grow fee-based revenues [10] - The acquisition of ElmTree Funds on September 2 aligns with BlackRock's long-term goal to raise $400 billion for private markets by 2030 [11] Earnings Predictions - The Earnings ESP for BlackRock is -0.51%, indicating a low chance of beating the Zacks Consensus Estimate for earnings this quarter [12] - The Zacks Consensus Estimate for Q3 earnings is $11.53 per share, revised 1.8% lower over the past week, with a projected sales estimate of $6.27 billion, reflecting a 20.7% year-over-year rise [13]

us crypto news. Photo by BeInCrypto Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee to read how a single fund is rewriting the rules of finance, blurring the line between crypto and traditional markets. With it, concerns arise that its next milestone could change how power itself moves through money. Crypto News of the Day: BlackRock’s Bitcoin Juggernaut Nears $100 Billion BlackRock’s iShares Bitcoin Trus ...

Core Viewpoint - BlackRock is expected to report quarterly earnings of $11.36 per share, a slight decline of 0.9% year-over-year, while revenues are projected to increase by 20.1% to $6.24 billion [1] Earnings Estimates - The consensus EPS estimate has been revised upward by 0.4% in the last 30 days, indicating a reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [3] Revenue Projections - Analysts estimate 'Revenue- Technology services revenue' will reach $496.67 million, reflecting a year-over-year increase of 23.2% [5] - 'Revenue- Investment advisory, administration fees and securities lending revenue- Equity subtotal' is projected at $2.16 billion, indicating a 4.7% increase year-over-year [5] - Total investment advisory, administration fees and securities lending revenue is expected to be $4.92 billion, a 22.1% increase from the previous year [6] - 'Revenue- Distribution fees' is estimated at $347.18 million, showing a 7.5% increase year-over-year [6] Net Inflows - Analysts forecast 'Net inflows' to be $169.12 billion, down from $221.18 billion in the same quarter last year [7] - 'Net inflows - Product Type - Cash management' is estimated at $28.16 billion, compared to $61.01 billion reported in the same quarter last year [7] - 'Net inflows - Client Type - ETFs' is projected at $124.13 billion, up from $97.41 billion in the previous year [9] - 'Net inflows - Product Type - Long-term' is expected to reach $144.43 billion, down from $160.17 billion year-over-year [10] Assets Under Management - 'Assets under management - Cash management' is estimated at $986.83 billion, compared to $849.39 billion a year ago [8] - Total Assets Under Management is projected to reach $13,075.02 billion, up from $11,475.36 billion in the same quarter last year [8] - 'Assets under management - Long-term' is expected to be $11,975.04 billion, compared to $10,625.97 billion a year ago [9] - 'Assets under management - ETFs' is projected at $4,915.31 billion, up from $4,188.34 billion in the same quarter last year [10] Stock Performance - BlackRock shares have returned +5.6% over the past month, outperforming the Zacks S&P 500 composite's +4% change [11]

Group 1 - Major financial institutions such as JPMorgan Chase & Co., Wells Fargo & Company, Goldman Sachs Group Inc., BlackRock Inc., and Citigroup Inc. are set to report earnings next Tuesday pre-market [1] - Following the major financials, Bank of America Corporation and Morgan Stanley will report earnings next Wednesday [1] - Taiwan Semiconductor Manufacturing Company Ltd., a key player in the tech sector, will report earnings next Thursday pre-market [1] Group 2 - Significant earnings reports earlier in the week include PepsiCo Inc. on Thursday before the market opens and Johnson & Johnson next Tuesday pre-market [1] - ASML Holding N.V. is also expected to release important technology earnings next Wednesday pre-market, alongside healthcare leader Abbott Laboratories [1]

Core Viewpoint - Despite the rise in gold mining stocks, long-term valuations have not fully reflected the increase in gold prices, with long-term price assumptions lagging behind current spot prices and forward curves [1] Group 1: Gold Mining Companies - BlackRock expects gold mining companies to review their capital allocation plans, anticipating that management will significantly increase dividends to benefit shareholders from rising gold prices [1] - The firm believes that the upward trend in gold mining stocks can continue, as the market's valuation assumptions for gold prices remain significantly lower than the actual prices currently enjoyed by gold mining companies [1] Group 2: Factors Driving Gold Prices - The recent increase in gold prices is partly a recovery from past underperformance, serving its role as a hedge against purchasing power [1] - Factors driving this upward trend include central bank demand, retail demand, and recent inflows into physical gold ETFs [1] - Market concerns about inflation eroding purchasing power, government fiscal conditions, geopolitical risks, and uncertainties regarding tariffs further support the upward momentum in gold prices [1] Group 3: Long-term Considerations - There is ongoing discussion among investors and society regarding whether governments can meet large unfunded spending commitments with fiat currency in the long term [1] - The market is increasingly focused on traditional assets viewed as alternatives to gold, such as the US dollar and long-term government bonds [1] - From 2025 onwards, a weaker dollar and declining real interest rates (lowering the opportunity cost of holding gold) are expected to provide additional support for gold prices, with discussions on de-dollarization anticipated to continue [1]

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Core Insights - The assets under management (AUM) of BlackRock's Bitcoin ETF have surpassed 800,000 bitcoins, valued at approximately $10 billion [1] Group 1 - BlackRock's Bitcoin ETF has reached a significant milestone in terms of AUM, indicating strong investor interest in cryptocurrency investments [1] - The current valuation of the ETF at around $10 billion reflects the growing acceptance and integration of Bitcoin into mainstream financial products [1]

Core Insights - BlackRock offers two similar Emerging Markets ETFs, the iShares Core MSCI Emerging Markets ETF (IEMG) and another ETF with a significantly different price point, indicating a strategic pricing approach in the ETF market [1]. Group 1: ETF Comparison - The iShares Core MSCI Emerging Markets ETF (IEMG) is highlighted as a cost-friendly option, suggesting a focus on affordability for investors [1]. Group 2: Analyst Background - The article mentions a finance professional with a Master's in Banking & Finance, emphasizing a diverse background in corporate finance, M&A, and investment analysis, particularly in real estate, renewable energy, and equity markets [1]. - The professional specializes in financial modeling, valuation, and qualitative analysis, showcasing hands-on experience in private equity and asset management [1].

Core Insights - BlackRock reduced its stake in Beijing Capital International Airport (00694) by 3.506 million shares at a price of HKD 2.7756 per share, totaling approximately HKD 9.7313 million [1] - After the reduction, BlackRock's remaining shareholding is approximately 131 million shares, representing a stake of 6.96% [1]

Core Insights - BlackRock is the world's largest asset manager, providing a wide range of financial services and products to institutional and retail clients globally [1] Earnings Expectations - BlackRock is set to release its quarterly earnings on October 14, 2025, with an expected earnings per share (EPS) of $11.53, slightly above analysts' forecast of $11.48, and a modest increase from $11.46 reported in the same period last year [2][6] - Projected revenue is approximately $6.28 billion, a significant rise from $5.2 billion a year ago, reflecting a year-over-year growth of around 20% [2][3][6] Financial Performance - The anticipated revenue growth is attributed to higher market levels and increased organic base fee revenue, along with benefits from technology services and subscriptions [3] - BlackRock's current market capitalization stands at $179 billion, with past year's revenues of $22 billion and net income of $6.4 billion, indicating strong financial health [3] Market Reactions - Despite positive projections, BlackRock's shares recently declined by 1.1%, closing at $1,166.23, amid reports of its Global Infrastructure Partners being in advanced talks to acquire Aligned Data Centers, potentially valuing the deal at $40 billion [4] - Goldman Sachs analyst Alexander Blostein maintains a Buy rating on BlackRock, reflecting confidence in the company's performance, supported by a P/E ratio of 28.18 and a debt-to-equity ratio of 0.34 [5][6]