|Bid||517.20 x 300|
|Ask||534.00 x 400|
|Day's Range||518.54 - 526.37|
|52 Week Range||377.85 - 594.52|
|PE Ratio (TTM)||16.39|
|Earnings Date||Jul 16, 2018 - Jul 20, 2018|
|Forward Dividend & Yield||11.52 (2.20%)|
|1y Target Est||608.00|
Think of a global industry that generated revenues of $9.2bn last year and that plays a critical role in ensuring the efficiency of financial markets but rarely merits a mention in the mainstream press. ...
In the months just before the introduction of Mifid II — the wide-ranging markets regime put in place in Europe in January — much of the discussion among asset managers was about the treatment of research payments. The Mifid II rules put a price on the brokers’ role in facilitating discussions between fund managers and the companies in which they invest — known as corporate access. , and the fear among asset managers of breaking rules, has led to an increased appetite from investors and their portfolio companies to build stronger connections — and to cut out intermediaries.
Morgan Stanley’s (MS) total assets under management rose 8% YoY (year-over-year) to $2.4 trillion on March 31, 2018, helped by a higher valuation of holdings and flow. Quarter-over-quarter, its total assets under management were flat, reflecting lower valuation increases and offset by new, long-term flow.
Under CEO John Streur, sustainable investment pioneer Calvert Research & Management hooked up with Eaton Vance in 2016, instantly transforming Eaton Vance into a socially responsible investing powerhouse. With $14 billion in assets, Calvert is the second-largest sustainable asset manager in the U.S., after Parnassus Investments, according to Morningstar. There is now some $8 trillion in sustainably invested assets in the U.S., by Morningstar’s reckoning, including mutual funds, exchange-traded funds, and other products.
Larry Fink, the legendary investor and chair of BlackRock (BLK), said that investors should stay invested in the equity market rather than trying to time the market.
The school shooting in Parkland, Florida, in February is prompting some fund companies to review the exposure to civilian gunmakers in their mutual funds and exchange-traded funds (ETFs). A new study suggests that, if eliminating firearms manufacturers from various funds is the end goal, there is work to be done.
An estimated 24 percent of the world's exchange-traded funds and 15 percent of mutual funds have holdings in firearms companies, researcher Sustainalytics said in a report on Thursday, levels it said might be "more pervasive than some investors realize." The report shows the potential influence of fund firms like BlackRock Inc and Vanguard Group Inc with firearms companies. Both asset managers in turn questioned firearms makers after a shooting at a Florida high school left 17 people dead in February, the second-deadliest shooting at a public school in U.S. history.
BlackRock Inc (BLK.N) on Thursday called on securities regulators to set international standards for shareholder voting rights, suggesting they resolve one of the thorniest debates in corporate governance. The world's largest asset manager made the call in a letter to index provider MSCI, which had sought comments about a proposal it is considering to adjust the index weighting of stocks like Facebook Inc (FB.O) and Google parent Alphabet Inc (GOOGL.O) to account for their unequal voting structures. BlackRock, which manages $6.3 trillion, said while it appreciates the index provider's attention to the issues, MSCI's proposed changes could distort markets.
The franc weakened past 1.20 per euro for the first time since the Swiss National Bank removed its cap on the currency, providing relief to the nation’s policy makers who have been battling an overvalued ...
BlackRock Inc, the world's largest asset manager, said on Thursday its top regulatory compliance officer will leave the company and be replaced by a Goldman Sachs Group Inc executive, according to a staff memo seen by Reuters. BlackRock Global chief compliance officer Georgina Fogo is moving to Janus Henderson Group plc to be its chief risk officer, starting in July, Janus Henderson said in a statement.
Goldman Sachs’s (GS) Investing and Lending segment posted net revenues of $2.1 billion—growth of 43% from 1Q17 and 26% from 4Q17. The segment benefited from higher interest spreads and credit offtake. Net revenues from lending grew 53% to $1.0 billion, helped by higher net interest income and improved lending. Equity securities revenues stood at $1.1 billion, marking growth of 34%. These revenues found help from gains from private equities on select equities, and they were partially offset by lower gains from listed entities. ...
JPMorgan Chase’s (JPM) Asset Management segment managed $16 billion in long-term offerings and outflows of $21 billion in its liquidity products in 1Q18.
Not satisfied with the gun industry's response to demands for help ending an epidemic of gun violence, groups representing millions of workers are pressuring what they see as an even bigger change-maker.
BlackRock, the world’s biggest asset management company, has said that index providers should leave corporate governance standard-setting to regulators rather than try to engineer improvements through ...
Jean Boivin, head of economic and markets research at BlackRock, discusses the outlook for markets as industrial metals surge and impact from a possible trade war. He speaks with Mark Barton on "Bloomberg ...
Apr.23 -- Morgan Stanley Interest-Rate Strategy Global Co-Head Matthew Hornbach and BlackRock Portfolio Manager Tony Despirito discuss the 10-year U.S. Treasury yield approaching 3 percent. They speak on "Bloomberg Markets: The Open."
Apr.20 -- Isabelle Mateos y Lago, chief multi-asset strategist at BlackRock Investment Institute, discusses earnings growth relative to trade and market volatility. She speaks with Francine Lacqua on "Bloomberg Surveillance."
Apr.19 -- Jean Boivin, head of economic and markets research at BlackRock, discusses the outlook for markets as industrial metals surge and impact from a possible trade war. He speaks with Mark Barton on "Bloomberg Surveillance."
Wednesday, April 18: Parkland shooting survivor David Hogg urges boycotts of BlackRock and Vanguard, Starbucks will close all US stores on May 29 for racial bias training, IRS extends tax deadline after computer glitch. Yahoo Finance’s Dan Roberts serves it all up.
Bump stock manufacturer Slide Fire is closing up shop and David Hogg is telling his followers to boycott BlackRock and Vanguard. Yahoo Finance’s Alexis Christoforous, Melody Hahm, and Ethan Wolff-Mann debate whether or not Hogg’s call to action will result in any meaningful change.