BlackRock (BLK) has been making significant waves in the
financial world. They're in early conversational stages to acquire an equity stake in
Millennium and buy private credit firm,
HPS. Recently, BlackRock has trimmed down on its risk across its $131 billion model portfolios and has seen strong performance, with consistent gains for seven straight sessions. On their Q3 2024 earnings call, BLK revealed impressive growth with assets under management rising to
$11.5 trillion. Also, the company's stock soared to a recent all-time high of $1049.98. Quarter's results notably surpassed the earnings and revenue estimates.
Artificial Intelligence-focused ETFs have been launched, and report suggests the firm might venture into crypto. Together with Microsoft, BlackRock aims to raise $30 billion for AI investments. Even amid few downsides, it's still considered a top momentum pick.
Blackrock BLK News Analytics from Sun, 30 Jun 2024 07:00:00 GMT to Sat, 09 Nov 2024 14:28:18 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 3
