BofA Sees Stronger Fee Outlook Supporting BlackRock, Inc. (BLK)’s Longer-Term Earnings Path

Core Insights - BlackRock, Inc. (NYSE:BLK) has been recognized in the Dividend Contenders List, highlighting its strong dividend performance [1] - BofA has raised its price target for BlackRock to $1,467 from $1,431, maintaining a Buy rating, reflecting a positive outlook on the company's earnings driven by stronger management and performance fees [2] - BlackRock's fourth-quarter profit exceeded Wall Street estimates, supported by a market rally and increased assets under management, which reached a record $14 trillion [3] Financial Performance - In the fourth quarter, BlackRock reported equity product inflows of $126.05 billion and fixed-income product inflows of $83.77 billion, contributing to long-term net inflows of approximately $267.8 billion [4] - The firm achieved a record $698.3 billion in net inflows for the full year, with performance fees increasing by 67% to $754 million in the quarter, driven by strong results in private markets [4]