georgeclerk Written by Nick Ackerman. BlackRock, Inc. (NYSE:BLK) posted its latest quarterly results along with its full-year results as well. The company was able to exceed the bottom line estimates but came in line with the top line expectations. The company has a history of beating results, with 15 of the last 16 quarterly reports beating expected EPS. Revenue has been a bit more hit or miss - with some slight misses 3 out of the last 16 quarters. That said, perhaps analysts are just better at estima ...

NEW YORK--(BUSINESS WIRE)--BlackRock today announced two major developments supporting the growth and advancement of defined contribution (DC) advisors. First, BlackRock has appointed Carrie Schroen as Head of US DC Intermediary Business, a newly created role, effective January 15, joining the already established leadership team for the business. Schroen most recently served as a national sales manager within BlackRock’s U.S. Wealth Advisory team and brings more than 20 years of experience working with fin ...

BlackRock on Monday upgraded its overall outlook for U.S. stocks to overweight from neutral, as the world’s largest asset manager sees the S&P 500’s upward momentum continuing for the next six to 12 months amid cooling inflation and potential interest-rate cuts by the Federal Reserve. The stock market’s tech-driven rally, fueled by investor excitement over artificial intelligence, should “broaden out as inflation falls further, the Fed starts to cut rates, and the market sticks to its rosy macro outlook,” s ...

One of the largest and most well-known asset management stocks — BlackRock (BLK) — kicked off fourth-quarter earnings on Jan 12. In a challenging operating environment, BLK handily surpassed the Zacks Consensus Estimate. Higher revenues and assets under management (AUM) balance more than offset a rise in total expenses. In an effort to capitalize on an accelerating demand for infrastructure investment, it announced an agreement to acquire Global Infrastructure Partners for $3 billion in cash and around 12 m ...

As FuelCell (NASDAQ:FCEL) has battled difficult market forces and short squeeze speculation, a major institutional investor has been trimming its stake. BlackRock (NYSE:BLK) has reported via a regulatory filing dated Jan. 26, 2024, that it ended 2023 with 35,027,576 shares after previously reporting 41,616,185 shares at the end of the third quarter of 2023. The financial services giant’s current stake is just under 8%. While FCEL stock is up today amid high volatility, it has decreased considerably over the ...

TORONTO, Jan. 25, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the final January 2024 cash distributions for the iShares Premium Money Market ETF. Unitholders of record on January 26, 2024 will receive cash distributions payable on January 31, 2024. Details regarding the final "per unit" distribution amounts are as follows: Fund NameFund TickerCash Distribution Per Unit ($)iShares ...

One stock that might be an intriguing choice for investors right now is BlackRock, Inc. (BLK) . This is because this security in the Financial - Investment Management space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place i ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Investment giant BlackRock Inc. BLK, -0.91% is making what it calls one of its strongest strategic calls of the moment: Inflation is likely to stay closer to 3% as the world increasingly splits itself into competing blocs. Attacks by Yemen's Houthi militants on Red Sea vessels, followed by a U.S.-led response, are prompting a rerouting of tankers and cargo ships which is driving up shipping costs. Meanwhile, Taiwan's Jan. 13 election of a new president whose party supports a separate identity for the island ...

JEFF HAYNES/AFP via Getty ImagesWritten by Sam Kovacs Introduction In a remarkable display of market resilience, the S&P 500 has soared to unprecedented heights, closing at 4,839.81 last Friday. BloombergThis not only surpasses the previous record close set on January 3, 2022, but also shatters a 512-day streak without a record high—a noteworthy event given the historical significance attached to such milestones. History has often seen the S&P 500 climb after setting new highs. In fact, in the year fol ...