Exhibit 99.1 1 INVESTOR RELATIONS: Caroline Rodda 212.810.3442 MEDIA RELATIONS: Ed Sweeney 646.231.0268 BlackRock Reports Second Quarter 2024 Diluted EPS of $9.99, or $10.36 as adjusted New York, July 15, 2024 – BlackRock, Inc. (NYSE: BLK) today reported financial results for the three and six months ended June 30, 2024. Previously announced agreement to acquire Preqin represents next step in the transformation of BlackRock private markets capabilities by delivering integrated investments, technology, and d ...

TORONTO, July 12, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (“BlackRock”) (NYSE:BLK) today announced upcoming unit splits of the iShares NASDAQ 100 Index ETF (CAD-Hedged) (“XQQ”), iShares Core S&P 500 Index ETF (“XUS”) and iShares S&P/TSX Capped Consumer Staples Index ETF (“XST”) (collectively, the “iShares ETFs”), each of which are listed on the Toronto Stock Exchange (“TSX”). Each unit split will be paya ...

Loading...Loading...BlackRock, Inc. BLK will release its second quarter financial results, before the opening bell on Monday, July 15.Analysts expect the San Francisco, California-based company to report quarterly earnings at $10.01 per share, up from $9.28 per share in the year-ago period. BlackRock is expected to post revenue of $4.85 billion, compared to $4.46 billion a year earlier, according to data from Benzinga Pro.On July 1, BlackRock announced plans to acquire private markets data data solutions pr ...

georgeclerk QOE Capital - Co-Authored by Analyst Antonio Mello Investment Thesis BlackRock (NYSE:BLK) is one of the world's preeminent asset management firms, premier provider of investment management, and leading providers of investment, advisory and risk management solutions. BlackRock seems poised to continue scaling its Assets Under Management, which ultimately drives large revenue growth for the firm. Additionally, its AUM allows for guaranteed revenue through its fixed management fees from its sti ...

BlackRock, Inc. (BLK) is slated to report second-quarter 2024 results on Jul 15 before the opening bell. Its revenues and earnings are expected to have improved in the quarter on a year-over-year basis.In first-quarter 2024, BLK’s earnings surpassed the Zacks Consensus Estimate. Results benefited from a rise in revenues and higher non-operating income. Further, the assets under management (AUM) balance witnessed improvement owing to net inflows.BlackRock has an impressive earnings surprise history. Its earn ...

Wall Street analysts expect BlackRock (BLK) to post quarterly earnings of $9.98 per share in its upcoming report, which indicates a year-over-year increase of 7.5%. Revenues are expected to be $4.86 billion, up 8.9% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.9% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a company's earning ...

georgeclerk BlackRock, Inc. (NYSE:BLK) will report its Q2 2024 earnings on Monday, July 15th, and they are expected to show a similar financial performance compared to its recent history, making its premium valuation not particularly interesting for long-term investors. As I’ve covered in a previous article, BlackRock, Inc. has strong fundamentals in the financial industry and is a leading company in the asset management segment, but in my opinion this was reflected in its valuation. Indeed, since then, ...

Loading...Loading...Goldman Sachs analyst Alexander Blostein reiterated a Buy rating on BlackRock, Inc. BLK with a price forecast of $929.According to Blostein, BlackRock’s latest acquisition — buying Preqin, a private markets data and solutions provider, for$3.2 billion — will provide a meaningful opportunity for revenue synergies, primarily from increased distribution via BlackRock’s broader network.This transaction, funded with $3 billion of incremental debt, with just $200 million in cash, helps BlackRo ...

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. Even so, BlackRock stock hasn’t exactly “crushed it” in terms of performance.Over the past five years, BlackRock shares have underperformed relative to the broad market, as measured by the S&P 500 index. During this time frame, the S&P 500 has gained by 85.63%, versus gains of 67.76% for BLK. Thus far ...

Key TakeawaysBlackRock has acquired private markets data provider Preqin for $3.2 billion.The U.K.-based firm is expected to generate $240 million in recurring revenue this year.BlackRock estimates that private markets data has an estimated total addressable market of $8 billion, which could grow to $18 billion by 2030. 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. In acquiring private ...