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Growth in AUM Likely to Support BlackRock's (BLK) Q1 Earnings
Zacks Investment Research· 2024-04-09 15:46
BlackRock, Inc. (BLK) is slated to report first-quarter 2024 results on Apr 12 before the opening bell. Its revenues and earnings are expected to have improved in the quarter on a year-over-year basis.In fourth-quarter 2023, 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 ...
Countdown to BlackRock (BLK) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
Zacks Investment Research· 2024-04-09 14:15
The upcoming report from BlackRock (BLK) is expected to reveal quarterly earnings of $9.28 per share, indicating an increase of 17% compared to the year-ago period. Analysts forecast revenues of $4.67 billion, representing an increase of 10.2% year over year.The consensus EPS estimate for the quarter has been revised 2.9% 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.Prior to a ...
BlackRock CEO Larry Fink Says 40% of Workers Cash Out Their 401(k)s Upon Switching Jobs. Here's Why That's a Huge Mistake
The Motley Fool· 2024-04-07 11:18
Cashing out your retirement savings is a move you might sorely regret.Years ago, it was pretty common to get a job out of college and stick with the same employer for decades. But nowadays, job-hopping is not only pretty common, but more than acceptable.People who move around from one employer to the next aren't automatically regarded as fickle. Rather, they're often seen as go-getters who aren't afraid to step outside their comfort zone and pursue new opportunities. But while leaving a job for a better one ...
BlackRock (BLK) Reports Next Week: Wall Street Expects Earnings Growth
Zacks Investment Research· 2024-04-05 15:01
Wall Street expects a year-over-year increase in earnings on higher revenues when BlackRock (BLK) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 12. On the ...
BlackRock CEO Larry Fink Says Retirement Isn't Just a Saving Challenge: It's a Spending One Too. 3 Ways to Budget After Retirement
The Motley Fool· 2024-04-04 09:34
Larry Fink recently posted his annual letter to shareholders. He's the CEO of Blackrock, one of the world's largest and most consequential companies. In it, he spoke about retirement.One part that stood out to me was Fink's acknowledgment that retirement isn't just a saving challenge for many, but a spending one, too. It struck me that spending, the other variable of the most basic rule in personal finance (income minus expenses = what you keep), doesn't get enough attention.How do you know how much you can ...
BlackRock CEO Larry Fink Says 65 Is Too Early for Americans to Retire. Is He Right?
The Motley Fool· 2024-04-03 10:18
While 65 may be a common age to retire, there are some drawbacks involved.Assuming your employer doesn't force you into retirement, you have the option to end your career at whatever age works for you. That age may be 50, or it may be 70, and the choice is yours.But many people seem to land on age 65 when it comes to retirement. And it's easy to see why.Age 65 is a common threshold at which senior discounts go into effect. And it's also the age at which you're allowed to enroll in Medicare. But retiring at ...
3 Big-Name Institutions Making Bold Bets on Bitcoin Ahead of the Halving
InvestorPlace· 2024-04-02 19:33
Bitcoin (BTC-USD) is set to undergo its fourth halving this month and the community is riled up as ever in anticipation for the event. Amidst this excitement, another set of players — institutional investors — are taking notice.The halving hasn’t necessarily always led to an immediate price surge, but the sheer enthusiasm and attention surrounding the BTC event is laying the groundwork for future favorable price movements. Investors that got in earlier are being set up to reap handsomely when the cryptocurr ...
Why BlackRock (BLK) is a Great Dividend Stock Right Now
Zacks Investment Research· 2024-04-01 16:46
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividen ...
4 Crypto Stocks to Watch Ahead of Bitcoin Halving Event
Zacks Investment Research· 2024-04-01 15:15
The cryptocurrency market had a solid first quarter, following a rally in 2023 that saw Bitcoin (BTC) hitting an all-time high. On Mar 14, Bitcoin, the world’s most popular cryptocurrency, hit an all-time high of $73,750, with its market capitalization surpassing $1.44 trillion.Since then, Bitcoin declined below the $70,000 level before regaining some of the lost ground and traded at $70,657 on Mar 29. The drop in Bitcoin price raised concerns among some, but the decline is temporary as the cryptocurrency s ...
Are Spot Bitcoin ETFs Just the Beginning for Wall Street?
The Motley Fool· 2024-03-30 09:31
The new spot Bitcoin (BTC -0.25%) ETFs are arguably one of the most important product launches on Wall Street in the past 30 years. In less than three months, they have already attracted nearly $30 billion from investors, and daily inflows on some days have been more than $1 billion.Over the short term, these new spot Bitcoin ETFs will help to popularize the idea of cryptocurrency as a stand-alone asset class that deserves a place in your portfolio. Over the longer term, they could serve as the gateway to e ...