BlackRock, a premier asset management firm, has an impressive Q4 2024. The company's assets reach an all-time high of $11.6 trillion with powerful Q4 beats. BlackRock's CEO succession outlook is under shift amid staff exits and recent acquisitions. One notable executive move is the departure of
Mark Wiedman. The firm's annual result just come out, causing industry analysts to adjust their estimates accordingly. BlackRock attracts large buyer interest shown by the sale of 557 shares by Trust Co. of Vermont, and the purchase of 3,374 by
Premier Path Wealth Partners LLC.
BlackRock introduces a 2X S&P 500 ETF with amplified upside potential. Citi and Goldman Sachs maintain their 'Buy' rating for BlackRock whereas Barclays reactivates its 'Overweight' rating. Astoundingly, the firm's financiers beat Q4 earnings and revenue predictions, and its spot Bitcoin ETF was launched in Canada. BlackRock reports a diluted EPS of $42.01 ($43.61 as adjusted) for the full financial year 2024, and a diluted EPS of $10.63 ($11.93 as adjusted) for Q4 2024. Despite these positive points, the company's full-year earnings slightly miss expectations.
Blackrock BLK News Analytics from Mon, 23 Sep 2024 07:00:00 GMT to Sun, 19 Jan 2025 00:07:03 GMT -
Rating 8
- Innovation 7
- Information 6
- Rumor -1
