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Analyst Report: Blackrock Inc.
Yahoo Finance· 2025-10-15 11:07
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Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Guardian Capital Group Limited’s Shareholders Vote for the Proposed Plan of Arrangement With Desjardins Global Asset Management Inc.
Globenewswire· 2025-10-15 11:00
Core Viewpoint - Guardian Capital Group Limited has received recommendations from leading independent proxy advisory firms ISS and Glass Lewis to vote in favor of a special resolution for a plan of arrangement that offers shareholders C$68.00 per share, representing significant premiums over previous trading prices [1][2][3] Summary by Sections Arrangement Details - The Arrangement offers shareholders a cash consideration of C$68.00 per share, which is a premium of 66% over the last closing price of Class A Shares and 48% over Common Shares as of August 27, 2025 [1] - The premium also reflects a 65% and 54% increase over the 30-day volume-weighted average trading price for Class A and Common Shares, respectively [1] Recommendations - ISS stated that the offer represents a meaningful premium to the unaffected price and that the valuation appears reasonable, highlighting the immediate cash exit for non-rolling shareholders [2] - Glass Lewis concluded that the proposed transaction is favorable for public shareholders, considering the company's standalone prospects and the negotiation process [2] Board of Directors' Position - The Board of Directors, after receiving legal and financial advice, unanimously recommends that shareholders vote for the Arrangement, deeming it in the best interests of the company and fair to shareholders [3] Meeting Information - A special meeting for shareholders to vote on the Arrangement is scheduled for October 23, 2025, with a proxy voting deadline of October 21, 2025 [4][5] Voting Process - Shareholders are encouraged to vote online or by telephone due to potential delays in mail delivery caused by a national postal strike [8][9] Rollover Shareholders - Certain shareholders, referred to as Rollover Shareholders, will receive a mix of shares and cash as part of the Arrangement, with a total of 7,667,390 shares being transferred [9][11]
Morgan Stanley Opens Up to Crypto ETFs. Who’s Next?
Yahoo Finance· 2025-10-15 10:10
A domino just fell in the crypto ETF market. As of today, Morgan Stanley no longer places restrictions on which clients can invest in digital asset ETFs. Until now, the firm had limited access to risk-happy clients with investable assets of at least $1.5 million, a source familiar with the matter confirmed to ETF Upside. The shift follows a string of developments in the broader digital-asset ETF market, including the SEC recently paving the way for exchanges to quickly list spot-price crypto ETFs of many ...
UK-Based Baillie Gifford Takes the ETF Plunge Stateside
Yahoo Finance· 2025-10-15 10:00
Another longtime mutual fund manager has found the call of ETFs impossible to resist. Baillie Gifford, the Edinburgh-based firm that manages $264 billion globally, filed for its first US exchange-traded funds last week. The actively managed suite of five products will include assets from existing mutual funds. It’s the latest industry holdout to make such a move, as sales have widely favored ETFs over mutual funds, particularly in active management. As part of the expansion, the firm recently hired Jamie ...
China remains major growth area in Asia-Pacific region, JPMorgan executive says
Yahoo Finance· 2025-10-15 09:30
China will become one of the "outsize contributors" to JPMorgan Asset Management's five-year plan to double Asia-Pacific assets under supervision to about US$600 billion, according to the firm's top executive in the region. "Our long-term goal is to grow [operations in the region] to a US$1 trillion business," said Dan Watkins, CEO of Asia-Pacific at JPMorgan Asset Management, in an interview on Tuesday. He said China, Australia and Japan - the three largest capital markets where the US firm operates - wo ...
Bank of America, Morgan Stanley And 3 Stocks To Watch Heading Into Wednesday - Abbott Laboratories (NYSE:ABT)
Benzinga· 2025-10-15 06:40
With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:Wall Street expects Bank of America Corp. (NYSE:BAC) to report quarterly earnings at 95 cents per share on revenue of $27.50 billion before the opening bell, according to data from Benzinga Pro. Bank of America shares gained 0.3% to $50.22 in after-hours trading.Papa John's International Inc. (NASDAQ:PZZA) shares rose sharply in extended trading on Tuesday following reports ...
X @Bloomberg
Bloomberg· 2025-10-15 06:32
Jupiter Fund Management reports a second consecutive quarter of inflows, citing more demand from retail investors for UK equities https://t.co/fAsTGNOi09 ...
BlackRock Hits $13.4T AUM — Larry Fink Says Digital Wallets Hold the Next $4 Trillion Opportunity
Yahoo Finance· 2025-10-15 02:32
iShares Bitcoin Trust, BlackRock's Bitcoin. Photo by BeInCrypto BlackRock’s assets under management surged to $13.46 trillion in the third quarter of 2025, up from $11.48 trillion a year earlier, reflecting how rapidly traditional finance is merging with digital-asset strategies. Larry Fink, CEO of BlackRock, noted that roughly $4.1 trillion is now held in digital wallets worldwide — much of it outside the United States. BlackRock Bets on Crypto Boom Fink argued that if products like ETFs could be token ...
Amundi:维持对美国经济增长放缓预期 更看好新兴市场
Zhi Tong Cai Jing· 2025-10-15 02:28
欧洲最大的资产管理公司Amundi发表的2025年9月全球投资观点显示,美国股市在8月份创新高,欧洲 市场则接近3月份的水平,企业信贷息差在夏季期间收窄。市场情绪受到人工智能资本开支预期、美国 业绩期表现强劲,以及美联储在杰克森.霍尔(Jackson Hole)会议上相对温和的立场所影响。市场似乎忽 略了经济活动(例如劳工市场)、美联储面临的政治压力、财政赤字和企业利润率的风险。此外,新兴市 场有望受益于美元走弱和美联储可能即将减息的温和立场,Amundi对其持更加积极的看法。 赤字忧虑下收益率曲线趋于陡斜 Amundi将在中期关注的重要主题包括:短期内美国通胀预期升温、美国和欧盟的财政开支计划(即增加 债券供应),以及持续宽松的货币政策。在这些因素的共同影响下,美国、欧洲、英国和日本的收益率 上升,长债尤为明显。此外,欧洲部分国家的退休金制度改革,将进一步推高长期收益率。 Amundi认为,欧洲透过财政及货币政策能够更有效地缓解部分关税相关冲击。欧盟层面旨在提升竞争 力的改革以及能源成本下降,也将使欧洲受益。预计各个市场将持续波动,并致力于把握优质股票股价 疲软带来的获利机会。整体而言,继续偏好财务状况稳健 ...
BlackRock & Goldman Sachs Beat Q3 Expectations and Post Record AUM
ZACKS· 2025-10-15 00:21
Core Insights - BlackRock and Goldman Sachs reported strong Q3 earnings, exceeding expectations and achieving record assets under management (AUM) [1][3][4] Financial Performance - BlackRock's Q3 sales reached $6.5 billion, a 25% increase from $5.19 billion year-over-year, surpassing estimates of $6.24 billion [3] - Goldman Sachs reported Q3 sales of $15.18 billion, up 19% from $12.69 billion a year ago, exceeding estimates of $14.14 billion [4] - BlackRock's Q3 earnings per share (EPS) increased nearly 1% to $11.55, beating expectations of $11.19 by 3% [3] - Goldman Sachs' Q3 EPS climbed nearly 46% to $12.25, compared to $8.40 in the same quarter last year, beating expectations of $11.11 by 10% [4] Assets Under Management - BlackRock's AUM rose 17% year-over-year to a record $13.5 trillion, maintaining its position as the largest global asset manager [5] - Goldman Sachs' AUM reached a new peak of $3.45 trillion, increasing 11% year-over-year [5] Valuation Metrics - Goldman Sachs trades at a forward earnings multiple of 16X, which is a discount compared to the S&P 500's 25X and BlackRock's 24X [6] - Goldman Sachs also trades near a preferred level of less than 2X forward sales, while BlackRock trades at 8X, which is a premium to the S&P 500's 5X [8] Dividend Comparison - Goldman Sachs offers a current yield of 2.03%, slightly higher than BlackRock's 1.8%, both exceeding the S&P 500's average of 1.11% [10] Investment Outlook - Both BlackRock and Goldman Sachs are considered viable investments, with Goldman Sachs potentially receiving a buy rating due to expected earnings estimate revisions following its strong Q3 performance [12]