BLK - BlackRock, Inc.
| Previous Close | 465.69 |
| Open | 463.75 |
| Bid | 0.00 x 900 |
| Ask | 0.00 x 800 |
| Day's Range | 462.15 - 465.66 |
| 52 Week Range | 360.79 - 557.00 |
| Volume | 413,224 |
| Avg. Volume | 568,653 |
| Market Cap | 72.14B |
| Beta (3Y Monthly) | 1.17 |
| PE Ratio (TTM) | 17.50 |
| EPS (TTM) | 26.51 |
| Earnings Date | Apr 10, 2019 - Apr 15, 2019 |
| Forward Dividend & Yield | 13.20 (3.09%) |
| Ex-Dividend Date | 2019-03-05 |
| 1y Target Est | 507.25 |
- Reuters•3 hours ago
Starbucks' China challenger Luckin to raise up to $800 million in U.S. IPO - sources
HONG KONG/BEIJING (Reuters) - Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, filed on Monday for a U.S. initial public offering (IPO) through which, sources said, it is looking to raise up to $800 million (£616 million). The Beijing-based coffee chain set a placeholder amount of $100 million to indicate the size of the IPO and did not disclose the number of shares it would offer, a filing https://bit.ly/2UtnC0g with the U.S. Securities and Exchange Commission showed. Two people with direct knowledge of the matter told Reuters the startup is potentially looking to raise $500 million to $800 million from the listing which is scheduled to take place in May. An amount raised in that range would make Luckin the biggest U.S. IPO by a Chinese firm so far in 2019, according to Refinitiv data.
- MarketWatch•13 hours ago
As industry spends millions on lobbying, Congress moves on retirement legislation
The financial industry has engaged in significant lobbying on legislation that would revamp the U.S. retirement system, and it’s now sounding delighted about the bills that are making their way through Congress.
- Zacks•20 hours ago
How BlackRock (BLK) Stock Stands Out in a Strong Industry
BlackRock (BLK) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- Financial Times•yesterday
Why American CEOs are worried about capitalism
lined up before the House committee on financial services seemed an unusual one to put to seven sharp-suited financiers. America’s decades-old system of corporate capitalism is suddenly up for debate. , Mr Williams’ fellow committee member, which has put a spotlight on critics who were once outside the political mainstream.
- Financial Times•yesterday
Movers and shakers, April 22
Jupiter , the £42.7bn London-based fund house, has poached two fund managers from larger rival Columbia Threadneedle. Mark Heslop is expected to arrive in September and will run a new European smaller ...
- Reuters•3 days ago
No signs of global recession in next 12 months - BlackRock's Fink
There are no signs that the global economy is sliding towards a recession in the next 12 months, BlackRock Inc's Chief Executive Larry Fink said in remarks published on Saturday. In an interview with German business daily Handelsblatt, Fink warned, however, that the global economy was in the late stage of a long growth cycle, suggesting that downturn was becoming more likely. "I see no signs of a global recession in the coming 12 months," said Fink, who leads the world's largest asset manager.
- MarketWatch•4 days ago
Dow, S&P 500 and Nasdaq near records but stock-market volumes are the lowest in months — Here’s why
A recent resurgence for stocks after a more than six-month corrective hiatus has many market participants questioning its durability, with trading volumes holding near the lowest levels of 2019.
- Simply Wall St.•4 days ago
Easy Come, Easy Go: How BLOK Technologies (CNSX:BLK) Shareholders Got Unlucky And Saw 92% Of Their Cash Evaporate
As every investor would know, you don't hit a homerun every time you swing. But it should be a priority to avoid stomach churning catastrophes, wherever possible. It must have been painful to be a BLOK Technologies Inc. (CNSX...
- Moody's•5 days ago
BlackRock, Inc. -- Moody's Rates BlackRock's New Senior Unsecured Notes Aa3
Moody's Investors Service ("Moody's") assigned an Aa3 rating to BlackRock, Inc.'s (BlackRock) new senior unsecured notes due April 2029. The offering is a takedown from a multiple seniority shelf registration statement of BlackRock, which was automatically declared effective by the SEC on 27 April 2018. BlackRock expects to use the net proceeds of this offering for general corporate purposes, which may include funding all or a portion of the $1.3 billion purchase price of its acquisition of eFront Holding SAS, repaying the $1 billion of outstanding 5.00% Notes due December 2019, or repaying borrowings under its commercial paper program.
Reuters•5 days agoBlackRock's plan for Italy's Carige sees higher cash call - sources
ROME/MILAN (Reuters) - Troubled Italian bank Carige could need a larger-than-expected cash injection of at least 700 million euros (£607 million) under a rescue plan put forward by U.S. asset manager BlackRock, two sources familiar with the matter said. Temporary administrators appointed by the European Central Bank to run Carige are trying to find a buyer for Italy's 10th-largest bank by mid-May, after its top shareholder derailed an industry-financed rescue by blocking a 400 million euro cash call in December. A specialist fund run by BlackRock is the only known potential bidder although Italy's government stands ready to step in should a private buyer fail to clinch a deal.
- Zacks•5 days ago
Cohen & Steers' (CNS) Q1 Earnings Miss on Lower Revenues
Despite rise in assets under management, decline in revenues and higher costs hurt Cohen & Steers' (CNS) Q1 earnings.
- Zacks•5 days ago
Blackstone (BX) Stock Gains 9% Despite Q1 Earnings Miss
Blackstone's (BX) first-quarter results reflect higher revenues and expenses as well as AUM growth.
Reuters•5 days agoBlackstone to switch from a partnership to a corporation
Blackstone Group LP, the world's largest manager of alternative assets such as private equity and real estate, said on Thursday it would convert from a partnership to a corporation, in a bid to get more investors into its stock. Blackstone is hoping the move, which will take effect July 1, will boost its share price, which has traded at a discount to traditional asset managers such as BlackRock Inc for more than a decade. Under the so-called C-Corp structure, Blackstone will pay corporate taxes on all its revenue, in exchange for enabling investors such as mutual funds and index trackers to buy the stock.
- Financial Times•5 days ago
Funds full of returns and do-goodery just got harder to find
There’s a stock market “melt-up” coming. If he is right, you will want all your money to be in the stock market, probably via a fund of some kind. You’d think about diversification, valuation and asset allocation.
- Barrons.com•5 days ago
Fund Firms Got the Active ETFs They Wanted — and Now They’re Mad
The SEC approved Precidian Investments’ version of actively managed ETFs that disclose their holdings less frequently. That’s good news for firms like Legg Mason, BlackRock, and Capital Group, which signed on with Precidian. The rest of the industry? Not so much.
- Bloomberg•5 days ago
Climate Change: The Next Great Risk to Munis Is Already Here
An increasing number of states and local governments are including climate change in their list of risks investors should consider before buying their bonds. BlackRock Inc., the world’s largest asset manager, says that within a decade, more than 15 percent of debt in the S&P National Municipal Bond Index will come from regions that could suffer losses from climate change adding up to as much as 1 percent of gross domestic product annually.
- Financial Times•5 days ago
China’s Luckin coffee raises $150m in push to overtake Starbucks
Chinese coffee start-up Luckin has raised $150m from investors including US asset manager BlackRock in a funding round which values the company at $2.9bn, as it pushes to overtake Starbucks by number of outlets in China. A private equity fund managed by BlackRock led the funding with $125 million, Luckin said.
Reuters•5 days agoBlackRock strategists advocate trimming investment portfolio risk
Strategists at the world's largest asset manager BlackRock Inc told their financial adviser clients on Wednesday to look at cutting back on risk and lower expectations for high returns on stocks and bonds. "We may get another leg-up from earnings but I would say the type of returns we experienced in the first quarter should not be extrapolated," BlackRock's chief equity strategist Kate Moore said during its quarterly U.S. wealth advisory event, which was attended over the web by about 1,300 of its financial adviser clients. "We just want to be conscious of the fact that for both equities and bonds, the types of returns that you've experienced - not just in 2019 but over the course of the last decade and before - are going to be difficult to replicate," said Moore.
- Reuters•6 days ago
Italian banks likely to fund part of Carige's rescue
Italian banks are in talks with BlackRock over a possible deal to salvage troubled bank Carige, the head of a depositor guarantee fund financed by the country's banks said on Wednesday. Carige was placed under special administration at the start of the year after the Malacalza family, its top shareholder, blocked a planned capital raising, derailing an industry-financed rescue plan. Italian banks came to Carige's rescue in November by buying a 320 million euro ($362 million) hybrid bond needed to boost the bank's total capital ratio.
- Reuters•6 days ago
Italian banks to discuss Carige rescue on Wednesday -sources
Italian banks will discuss on Wednesday whether to back the latest rescue plan for Banca Carige by taking a stake alongside a fund owned by U.S. asset manager BlackRock, two sources close to the talks said. Carige was placed under special administration at the start of the year after the Malacalza family, its top investor, blocked a planned capital raising, derailing an industry-financed rescue plan. Italian banks came to Carige's rescue in November by buying a 320 million euro ($362 million) hybrid bond needed to boost the bank's total capital ratio.
Reuters•6 days agoItalian banks in talks with BlackRock over Carige deal
Italian banks are in talks with BlackRock over a possible deal to salvage troubled lender Carige, the head of a depositor guarantee fund financed by the banks said on Wednesday. Italian banks used a voluntary-contribution scheme set up under the depositor fund to come to Carige's rescue in November. A conversion into equity of the bond would now support BlackRock's rescue plan for Carige.
