hapabapa BlackRock (NYSE:BLK) Q2 earnings and revenue climbed past Wall Street expectations as market gains increased its average assets under management and organic base fees grew, the asset manager said on Monday. “Organic growth was driven by private markets, retail active fixed income, and surging flows into our ETFs, whichContinue Reading
BlackRock press release (NYSE:BLK): Q2 Non-GAAP EPS of $10.36 beats by $0.40. Revenue of $4.81B (+7.8% Y/Y) beats by $30M. 8% increase in revenue year-over-year, primarily driven by the positive impact of markets on average AUM, organic base fee growth, and higher performance fees and technology services revenue. $139 billionContinue Reading
AlxeyPnferov/iStock via Getty Images Japanese equities (NYSEARCA:EWJ) have long-term opportunities due to the country’s economic revival, which has strong roots, said Yuichi Chiguchi, Japan chief investment strategist at BlackRock. As the Asian country’s economy get a boost, with mild inflation improving wages and corporate pricing power, its equity market isContinue Reading
georgeclerk Saba Capital Management disputed that BlackRock (NYSE:BLK) won against the hedge fund in a battle over closed-end funds Saba Capital claims that shareholders vote for Saba’s nominees by a “wide margin” in two of BlackRock’s funds, BIGZ and ECAT, the hedge fund said in a statement earlier on Monday.Continue Reading
Andrew Burton/Getty Images News BlackRock (NYSE:BLK) said Sunday night it agreed to acquire U.K. private markets data provider Preqin for £2.55B (~$3.2B) in cash, a deal it said will add a highly complementary data business to its investment technology. BlackRock (BLK) said combining Preqin’s data and research tools with Aladdin’sContinue Reading
Even as the S&P 500 (SP500) trades near record highs, BlackRock argued that it is staying overweight U.S. stocks based on the artificial intelligence (AI) theme that has propelled the tech sector higher. Moreover, the world’s largest asset manager indicated that it is less concerned than many about the narrowContinue Reading
