Diverse pieces of news about BlackRock, Inc. (BLK) have emerged across the markets. A recent ad campaign sparked controversy as it apparently featured a participant from a Trump rally. Meanwhile, the firm continues to drive technological innovation and expansion in the asset management sector, as reflected in its recent acquisition of Preqin, a firm specializing in data for private markets. BlackRock is preparing for its Q2 2024 earnings with projections suggesting a favorable performance, thanks to a consistent increase in Asset Under Management (AUM). Analysts have reset the price target for the firm, with Morgan Stanley lowering their prediction from $1.03k. Despite this, BlackRock's considerable AUM and constant innovation remain appealing factors for investors. Concerns regarding the company's debt, however, have led Moody's to lower the firm's outlook. In efforts to enhance its model offerings, BlackRock has partnered with GeoWealth. top Wall Street forecasters have revamped their expectations for the company's Q2 earnings. Meanwhile, there are indications of Larry Fink preparing the next generation of BlackRock’s leaders.
Blackrock BLK News Analytics from Fri, 13 Oct 2023 07:00:00 GMT to Sun, 14 Jul 2024 23:01:19 GMT -
Rating 7
- Innovation 5
- Information 6
- Rumor 4
