BlackRock has shown an impressive financial performance, surpassing its Q3 earnings and revenue estimates. Its asset under management soars to $11.5 trillion, entering a new league with $450 billion alternative assets. The finance giant is experiencing a steady climb, fueling speculation that a $1,000 share price is within reach. The market sees BlackRock as a great momentum stock with tremendous growth reported in Q3. Amid all these, institutional investors dominate BlackRock's shares with an 83% ownership. Notably, BlackRock has entered into a potential acquisition deal with global infrastructure partners. Earnings outlook for the asset manager remains robust. The company's share price has reached a new 1-year high following strong evaluations by financial analysts. In partnership with Microsoft, BlackRock plans to raise $30 billion for AI investments. However, despite these bullish indicators, BlackRock stock dropped marginally, albeit with minimal impact on the company's overall growth trajectory.
Blackrock BLK News Analytics from Mon, 20 May 2024 07:00:00 GMT to Sat, 12 Oct 2024 19:44:54 GMT -
Rating 8
- Innovation 2
- Rumor -7
