|Bid||456.99 x 800|
|Ask||474.07 x 800|
|Day's Range||462.42 - 468.78|
|52 Week Range||360.79 - 557.00|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||17.59|
|Earnings Date||Apr 10, 2019 - Apr 15, 2019|
|Forward Dividend & Yield||13.20 (3.09%)|
|1y Target Est||507.25|
FBN's Charlie Gasparino on Wall Street executives' take on the Democratic field in the 2020 presidential race.
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.
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.
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.
MILAN (Reuters) - A plan U.S. asset manager BlackRock has put forward to salvage troubled Italian lender Carige could include a cash call of at least 700 million euros (£606.8 million), two sources familiar ...
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.
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.
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.
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.
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.
TORONTO, April 17, 2019 -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced.
Minnesotan Girl Sues JD CEO For Rape A shakedown or a real issue for JD (NASDAQ:JD)? Richard Liu, CEO of the Chinese retail giant, was accused of rape last August though prosecutors have declined to press criminal charges against him, so the plaintiff filed a suit in civil court. The lawsuit seeks damages and identifies […]The post Market Morning: JD CEO Sued, Qualcomm Wins While Intel Exits, Fink Cites Meltup Risk appeared first on Market Exclusive.
Italian banks will discuss on Thursday 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 (£277.6 million) hybrid bond needed to boost the bank's total capital ratio.
Wall Street finished lower on Wednesday as healthcare stocks came under fire and weighed on sentiment that had been supported by largely positive earnings news in the US and robust economic data from China. Wall Street’s S&P 500 was down 0.2 per cent with the decline led by a 2.85 per cent fall in healthcare stocks. The moves come after UnitedHealth’s chief executive on Tuesday said during the company’s earnings call that proposals like “Medicare for all” and “wholesale disruption” of the health system being pushed by certain lawmakers, could “destabilise the nation’s healthcare system and limit the ability of clinicians to practice medicine at their best”.
SINGAPORE, April 17 (Reuters) - BlackRock Inc, the world's largest asset manager, said on Wednesday it has appointed investment and regulatory veteran Tang Xiaodong to head China operations, seeking to ...
U.S. stocks ended slightly higher on Tuesday, with the S&P 500 inching closer to its all-time high following a string of mostly positive earnings, while a drop in healthcare shares limited the advance. ...
BlackRock ended the first quarter with 9-percent growth in its asset base to above $6.5 trillion, Fink said. Among the capital inflow, $80 billion in new capital was allocated toward fixed-income products, in contrast to global equities that saw a large outflow of capital. Despite a strong start to 2019, many investors remain underinvested across the world, Fink said.
The U.S. economy is speeding up again after a slowdown in recent months and cash could soon start rushing into stocks as most investors are underinvested in the markets globally, BlackRock Inc's Chief Executive Larry Fink said on Tuesday. "What we are seeing worldwide are clients just struggling in putting their money to work," Fink told Reuters in an interview after his company reported first-quarter earnings. "We still saw, as an industry and at BlackRock, outflows in equities and this is one of the reasons why I believe the market is getting set up for huge inflows into equities," he said.
BlackRock earnings for the first quarter of 2019 have BLK stock up on Tuesday.Source: Shutterstock BlackRock (NYSE:BLK) earnings for the first quarter of the year include earnings per share of $6.61. This is down from the company's earnings per share of $6.70 for the first quarter of 2018. However, it was still good news for BLK stock by easily beating out Wall Street's earnings per share estimate of $6.13 for the period.The BlackRock earnings report for the first quarter of 2019 also has net income coming in at $1.06 billion. That's a drop from the company's net income of $1.09 billion reported in the same period of the year prior.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOperating income reported in the BlackRock earnings report for the first quarter of the year comes in at $1.23 billion. The investment management company reported operating income of $1.38 billion in the first quarter of the previous year.The most recent BlackRock earnings also has the company reporting revenue of $3.35 billion for the quarter. This is a decrease from the company's revenue of $3.58 billion reported during the same time last year. However, it was still a boon to BLK stock by coming in above analysts' revenue estimate of $3.34 billion for the quarter. * 7 Marijuana Companies: Which Pot Stocks Should You Buy? "BlackRock's broad investment platform generated $65 billion of total net inflows in the first quarter, representing 4% organic growth," Laurence Fink, Chairman and CEO of BlackRock, said in a statement. "The breadth of our investment capabilities, spanning index, alphaseeking, alternatives and cash, coupled with our industry-leading technology and portfolio construction capabilities, allowed us to generate strong flows and continue to meet the evolving needs of our global clients. "BLK stock was up 2% as of Tuesday afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post BlackRock Earnings: BLK Stock Pops on Earnings Topper appeared first on InvestorPlace.