Several firms, including South Plains Financial Inc., Beacon Pointe Advisors LLC, Northern Trust Corp, and Three Seasons Wealth LLC, have increased their investments in BlackRock, Inc. (NYSE:BLK), while others like Integrated Wealth Concepts LLC and Fayez Sarofim & Co have grown their holdings. Notably, BlackRock's Bitcoin ETF has seen massive inflows. The firm, notwithstanding, has set a new 52-week low. It has also unveiled leadership restructuring in Canada and broadened its offerings by introducing a 3% capped weighted ETF for diversified U.S. exposure.
Jim Cramer continues his endorsement of BlackRock, viewing it as a long-term buy and good value play. Further, BlackRock's Q1 earnings have surpassed expectations despite falling net income, with revenue growth observed. However, CEO Larry Fink warns of recession and market anxiety. BlackRock's assets have hit a record but have missed long-term flow expectations amidst Asia outflows.
Partnerships have been established, including AI infrastructure collaboration with tech giants, and a tie-up with BNY to tokenize shares of a treasury trust fund. The firm also added Anchorage Digital as a crypto custodian and declared a quarterly dividend.
Blackrock BLK News Analytics from Wed, 15 Jan 2025 08:00:00 GMT to Sat, 03 May 2025 13:36:04 GMT - Rating 6 - Innovation 4 - Information 8 - Rumor -2
