|Bid||513.35 x 100|
|Ask||513.96 x 200|
|Day's Range||512.00 - 515.19|
|52 Week Range||365.83 - 517.30|
|PE Ratio (TTM)||24.09|
|Forward Dividend & Yield||10.00 (1.94%)|
|1y Target Est||N/A|
Vanguard Group Inc is moving to use blockchain to simplify how it updates index data underlying mutual funds, executives said on Monday, an important sign of confidence for the new financial technology. Closely-held Vanguard, the top mutual fund firm with nearly $5 trillion (£3.7 trillion) under management, has successfully tested blockchain to automatically update data like the names and share prices of companies in index funds, processes that must currently be closely overseen by individuals, said Warren Pennington, a principal in Vanguard's investment management group, in Pennsylvania.
With bitcoin prices up 17-fold this year and sitting above the $16,000 mark, valuations for the cryptocurrency are in “extreme” territory, according to BlackRock Inc.
From BlackRock: Even as the Federal Reserve reduces its investments in mortgage-backed securities, there are good reasons to be bullish on these assets. Karen explains. Nearly a decade after the financial crisis, the Federal Reserve (Fed) is taking clear steps… Read more ›
To BlackRock Inc.’s Rick Rieder, lost in the discussion about the flattening U.S. yield curve is the fact that shorter-dated Treasuries are the cheapest on a relative basis in a decade.
BlackRock Inc., the world’s biggest asset manager, is telling companies that now is the time to start reporting clear information on climate risk to their businesses.
BlackRock's (BLK) effective tax rate for 3Q17 was 31.6%. Its EPS could potentially rise to $6.78 on a flat corporate tax rate of 20%, compared to its reported EPS of $5.78.
Asset managers (XLF) have had a great run in 2016 and so far in 2017, helped by rising broad markets, strong fundamentals driving savings and investments, and lower unemployment rates.
BlackRock (BLK) continues to attract most of its funds from institutional clients, which form 56% of its total assets under management.
BlackRock, which manages some $6 trillion worldwide, gave Fortune an exclusive preview of its 2018 outlook.
BlackRock's (BLK) outperformance, estimate beats, and new assets have helped the company command premium valuations.
In terms of raw absolute cash, the ETF industry is about to finish a record-setting year, pulling in $425.1 billion in the first 11 months of 2017.
Asset managers (VFH) have had "buy" to "hold" ratings in recent months since equities are expected to be upbeat in the next few quarters.
Dec.08 -- Rick Rieder, global fixed income chief investment officer at BlackRock, examines the yield curve and how it impacts his 2018 investment strategy. He speaks with Bloomberg's Jonathan Ferro on "Bloomberg Markets: The Open."
Dec.07 -- Bloomberg's Jason Kelly examines the performance of Goldman Sachs, Blackstone, and BlackRock and looks at how the firms are poised to handle the challenges that lie ahead on Wall Street. He speaks on "Bloomberg Daybreak: Americas."
Dec.06 -- On "Walk the Talk," State Street Global Advisors Deputy Global CIO Lori Heinel and Bloomberg's Peggy Collins discuss Wall Street's push for boardroom diversity. They speak on "Bloomberg Markets."