A congressional investigation found that Wall Street used billions of dollars of American retirement savings and other investments to buy shares in index funds that included several blacklisted Chinese companies, the Wall Street Journal reported Thursday.The probe, conducted by a bipartisan House committee empowered to devise strategies for the US to counter China, focused on world’s largest asset manager BlackRock, headed by Larry Fink, and index provider MSCI, the report said.BlackRock and MSCI did not im ...

BlackRock (BLK) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this investment firm have returned -7.8% over the past month versus the Zacks S&P 500 composite's -1.7% change. The Zacks Financial - Investment Management industry, to which BlackRock belongs, has lost 3.5% over this period. Now the key question is: Where could the stock be headed in the ne ...

Well-established companies with a long history of operations are your best road to riches. In today’s market, several blue-chip stocks to buy now are still trading at reasonable multiples.If you are looking for safe investments, blue-chip stocks to buy now provide stable returns at lower relative risk. Since these are dominant stocks in their industry, they generate steady growth throughout the economic cycle. They also exhibit healthy profitability and have high returns on equity.Another distinguishing cha ...

Instagram is a massively popular social media platform that allows users to upload photos and videos, record live content, edit it, and share it publicly or with followers. Exerting huge influence and shaping trends in fashion, aesthetics, and lifestyle, it serves as a creativity and business hub for billions of people worldwide. Today’s article will uncover who owns Instagram and how it’s connected to Meta (NASDAQ: META), its parent company.Who owns Instagram?Engaging an audience of more than 2 billion mon ...

Key PointsEarnings season is here for financial stocks, letting investors gauge the actual state of the stock market. Goldman Sachs is up, and the bank's results align with BlackRock's thinking; the market top isn't here yet. The business cycle is just starting; investors may safely stick to their favorite stocks. 5 stocks we like better than Financial Select Sector SPDR FundThe most expected time of the quarter is here. Earnings season for financial stocks has kicked off, letting investors gain insight int ...

Tzido/iStock via Getty Images Thesis We covered the BlackRock Flexible Income ETF (NYSEARCA:BINC) shortly after its inception almost a year ago. In our original piece, we described the new fund and the intent of the asset manager in a macro environment that was favorable to fixed income funds. We are going to re-visit this name close to its 1-year anniversary, and on the back of a violent upwards swing in rates in the past few weeks. In our article, we are going to highlight why today's environment is ideal ...

India’s Jio Financial Services has launched a joint venture with BlackRock.The collaboration will establish a wealth management and brokering business in India, and comes less than a year after the two companies began an asset management venture, Reuters reported Monday (April 15).Jio, part of the Reliance Group, said the venture is designed to tap into the lucrative wealth business in India, and will include the incorporation of a wealth management firm and, eventually, a brokerage company.The Reuters repo ...

DUBAI, UNITED ARAB EMIRATES - DECEMBER 04: Larry Fink, CEO of Blackrock, speaks at a roundtable discussion titled: "Financing the New Climate Economy," during which he described the urgent need for a "new financial landscape" for funding investments into the global energy transition on day five of the UNFCCC COP28 Climate Conference at Expo City Dubai on December 04, 2023 in Dubai, United Arab Emirates. The COP28, which is running from November 30 through December 12, is bringing together stakeholders, incl ...

BlackRock, Inc. (NYSE:BLK) Q1 2024 Earnings Conference Call April 12, 2024 7:30 AM ET Company Participants Chris Meade - General Counsel Laurence Fink - Chairman and Chief Executive Officer Martin Small - Chief Financial Officer Robert Kapito - President Conference Call Participants Craig Siegenthaler - Bank of America Michael Cyprys - Morgan Stanley Kenneth Worthington - JP Morgan Alexander Blostein - Goldman Sachs Group Daniel Fannon - Jefferies William Katz - TD Cowen Brian Bedell - Deutsche Bank Patrick ...

For the quarter ended March 2024, BlackRock (BLK) reported revenue of $4.73 billion, up 11.4% over the same period last year. EPS came in at $9.81, compared to $7.93 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $4.69 billion, representing a surprise of +0.87%. The company delivered an EPS surprise of +4.14%, with the consensus EPS estimate being $9.42.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they c ...