Wells Fargo analyst Michael Brown raised the firm’s price target on BlackRock (BLK) to $1,175 from $1,155 and keeps an Overweight rating on the
BlackRock is making key leadership changes and combining some teams internally, according to a memo to employees from CEO Larry Fink and President Rob Kapito. The changes follow several major private market-linked acquisitions at BlackRock in the past year: Global Infrastructure Partners,
Shares of Wells Fargo rose 3.9% after the San Francisco bank’s fourth-quarter profit of $1.43 a share beat expectations of $1.35. Net interest income, a key metric for banks, fe
BlackRock, Inc. has settled a dispute with Tennessee over its ESG practices, which the state said misled consumers.
Fink and other top executives had evangelized on the need to use the company’s investing might to force corporations to reduce their carbon footprint, joining Net Zero in 2021.
BlackRock Inc (BLK) stock saw a modest uptick, ending the day at $1004.96 which represents a slight increase of $9.24 or 0.93% from the prior close of $995.72. The stock opened at $1000.9 and touched a low of $997.
In the year-ago quarter, BlackRock had $10 trillion in AUM. The asset manager posted adjusted fourth-quarter earnings of $11.93 a share, well ahead of the FactSet consensus estimate of $10.88 a share.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $470.0 to $1340.0 for BlackRock over the recent three months.
Major US banks officially open earnings season with record numbers that beat analysts' expectations. Stocks rise sharply
BlackRock dropped out of the United Nations-backed climate change investing initiative, which was followed by NZAM suspending its activities on Monday because of “recent developments … in investors’ respective jurisdictions,
Exceeding their Q4 top and bottom-line expectations on Wednesday, let's see if it's time to buy stock in these renowned investment firms.
The world’s largest asset manager, with more than $10 trillion in assets under management, has dropped out of the Net Zero Asset Managers initiative, following the recent withdrawals of Morgan Stanley,