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Blackrock BLK - News Analyzed: 4,181 - Last Week: 100 - Last Month: 400

↗ BlackRock BLK Stays Resilient Amid Broadening Scope & Market Dynamics

BlackRock BLK Stays Resilient Amid Broadening Scope & Market Dynamics
BlackRock Inc. is delivering a steady market performance, posting modest gains despite trailing the broader market. The company's earnings and revenues consistently surpass estimates, with a notable increase in Assets Under Management (AUM) reported on a year-by-year basis. BlackRock's dividend has been raised to $5.10, emphasizing its stature as a reliable dividend stock. Analysts have a 'Moderate Buy' consensus on the company. Major growth contributors are its Investment and Advisory services. Recent market activities display BlackRock's intention to expand, with the acquisition of SpiderRock and the launch of an investment platform in Saudi Arabia buoyed by $5 billion from the Public Investment Fund. Interestingly, the company is venturing into crypto, filing for an Ethereum ETF, and launching a tokenized fund with Securitize. In a significant move, BlackRock acquires Global Infrastructure Partners for $12.5 billion, their biggest push into infrastructure. On the downside, BlackRock is planning job cuts and is facing regulatory scrutiny over considerable stakes in U.S. banks. Despite these, BlackRock displays overall resilience, with AUM reaching $10.5 trillion.

Blackrock BLK News Analytics from Fri, 13 Oct 2023 07:00:00 GMT to Thu, 09 May 2024 05:52:40 GMT - Rating 2 - Innovation 4 - Information 8 - Rumor -5

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