BlackRock (BLK) has defied market volatility with several strategic plays. It recently introduced a
3% Capped Weighted ETF for diversified US exposure, while also breaking records with increased assets despite market anxiety. Confidence in the firm is also reflected in
Wells Fargo and
Barclays maintaining 'buy' ratings and positive outlooks, despite a decrease in Q1 net income. Some key investment firms have increased holdings in BlackRock, including
Mariner LLC and
NewEdge Advisors LLC. The asset manager has also expanded its crypto reach by adding
Anchorage Digital as a crypto custodian. Yet, BlackRock CEO Larry Fink acknowledges global economic uncertainty, predicting a possible recession. Amid challenging conditions, BlackRock's Q1 earnings fell below expectations led by Asia outflows, leading to a cut in price target by
JPMorgan Chase. BlackRock also secured
FERC approval to maintain significant stakes in public utilities. Nevertheless, doubts arise concerning a $22.8b Panama Ports deal. Lastly, BlackRock continues to enhance functionality, adding private credit and equity funds to model portfolios.
Blackrock BLK News Analytics from Wed, 29 Jan 2025 08:00:00 GMT to Sat, 19 Apr 2025 12:39:27 GMT -
Rating 7
- Innovation 4
- Information 6
- Rumor -2
