|Bid||377.51 x 1100|
|Ask||406.85 x 800|
|Day's Range||380.64 - 389.27|
|52 Week Range||376.31 - 594.52|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||10.94|
|Earnings Date||Jan 10, 2019 - Jan 14, 2019|
|Forward Dividend & Yield||12.52 (3.21%)|
|1y Target Est||479.69|
SUSTAINABLE INVESTING During a recent dinner with my sister, she expressed her dismay with corporations in general and Wall Street in particular. “Why were executives so greedy?” she asked. “Why aren’t there more women and people of color in power at corporations?” she wondered.
Public-sector borrowing is set to swell as issuers including the federal government, Ontario -- already the world’s largest issuer of sub-sovereign debt -- and Alberta continue to run budget deficits, BlackRock’s head of Canadian fixed income Aubrey Basdeo said. Government-related debt increased more than 10 percent over the last three years to C$1.98 trillion ($1.48 trillion) at the end of the third quarter, according to Statistics Canada. Outstanding federal government debt will rise 2.9 percent to C$707 billion in the fiscal year starting in March, government projections released last month show.
S&P 500 companies are poised to deliver a 22% gain in earnings this year, leaving the benchmark index trading at 15 times forward earnings. For investors looking to next year, an important issue is whether to go with defensive stocks (utilities, real estate investment trusts, health-care companies, and consumer staples), economically sensitive issues (banks, retailers, and industrials), or growth stocks (mostly in technology). Value managers see some of the best opportunities in years, and most of our stock picks trade for 10 times forward earnings or less.
THINGS TO KNOW It’s obviously important news when the world’s largest software company and biggest asset manager partner to help people plan for retirement. Well, BlackRock and (MSFT) Thursday announced they were doing just that.
BlackRock Inc. reached an agreement with Microsoft Corp. to build tools that will help workers spend and invest their retirement money. The firms plan to develop a technology platform that will provide digital financial-planning tools and new BlackRock funds offering guaranteed retirement income to employees through their workplace saving plans. The move shows how BlackRock, the world’s largest money manager, wants to shape the technology plumbing that connects it to different parts of the financial ecosystem handling workers’ retirement money.
BlackRock and Microsoft are reimagining America’s path toward achieving greater financial security in retirement. Bringing together BlackRock’s investment capabilities and Microsoft’s technology strength, the two companies are jointly exploring next generation solutions to help more people make better decisions as they work toward their financial goals in retirement. The traditional pension system that generations of workers depended on for lifetime income has been upended, leaving millions of people with the responsibility to plan for and fund their own retirement.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting BLK. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
BlackRock has been one of the biggest investors in lithium miners over the past two years, in a bet that growing sales of electric cars will boost demand for the raw material in their batteries. Bacanora’s shares have fallen by 77 per cent year-to-date after it cancelled a planned $100m equity raising at the last minute in July. While lithium is not traded on any exchange, the price for battery grade lithium carbonate in China has fallen by 55 per cent over the past year, according to Fastmarkets.
Short-term currency hedges now cost about 4 percent for euro investors, which can more than offset the higher yields found in the dollar market, according to London-based Michael Krautzberger, who oversees around 90 billion euros ($102 billion) of fixed income assets at the world’s biggest money manager. European investors are staying at home because higher U.S. interest rates have helped stoke dollar-hedging costs, while euro bond yields are creeping up as the European Central Bank winds down stimulus measures. Krautzberger particularly favors investment-grade corporate notes maturing in about five years to seven years due to low leverage and “solid” earnings, he said.
As of October, assets under management in ESG-based exchange traded funds and products had increased by nearly 26 per cent globally to almost $22bn. A report by State Street Global Advisors in July showed that more than 80 per cent of institutional investors believe ESG flows will increase in the next five years. Vanguard had released two UK-listed ESG funds a few weeks earlier.
Sean Carney, managing director and head of state and local government debt strategy at BlackRock Inc., said in an interview that he expects the securities to return as much as 4 or 5 percent in 2019 if the Federal Reserve moves closer to pausing on interest-rate hikes. "Fixed-income returns have the potential to both reap the benefit of price return and coupon return," he said. "Or, if price return is flat, you receive all the coupon return.
J.P. Morgan has been increasing its focus on ETFs and has had several recent launches gathering billions from investors. The bank now has filed for an ETF that will compete in the most important, and lowest-cost, asset class: core U.S. equity. A report this week speculated the J.P. Morgan core U.S. equity ETF could be the first zero-fee ETF.
The integration allows financial advisors to move seamlessly connect eMoney’s platform, which is one of the more popular planning tools for independent advisors, to iRetire, featuring single sign-on access to more easily build and manage a plan that meets a client’s retirement income needs.
FT subscribers can click here to receive FirstFT every day by email. Theresa May has returned from a European tour where she unsuccessfully tried to persuade leaders to improve her Brexit deal, only to ...
Think of an industry in which three big companies have used technology and economies of scale to become oligopolies and wield power over other enterprises. It hails not from Silicon Valley but the US east coast. The industry in question is passive investment management, in which computers take the role of human stock pickers and money is channelled into index and exchange traded funds.
When Chinese markets are in a slump, propaganda authorities often instruct official media to buck up investor sentiment. The front page story was a backhand compliment that reflected the respect many Chinese investors pay foreign fund managers.
Sydney and Melbourne prices will drop a further 10 percent next year, taking their peak-to-trough fall to 20 percent as a “perfect storm” smacks housing, AMP Chief Economist Shane Oliver said in a research report Wednesday. “The positive feedback loop of recent years of rising prices bringing higher demand and further price gains has given way to a negative feedback loop of falling prices leading to reduced demand and further declines,” Oliver said of housing.
Good day. Iconiq Capital has found a new investment chief for its family office clients at one of the world’s largest money managers, BlackRock Inc. Nugi Jakobishvili is joining Iconiq, which got its start advising some of Silicon Valley’s biggest names, including Facebook Inc.
Chinese stocks look a better bet than the United Kingdom next year, as Britain struggles with its painful divorce from the European Union, a senior executive at BlackRock, the world's top asset manager, said on Tuesday. "China is slightly more invest-able than the UK right now," said Nigel Bolton, chief investment officer of international equities on the sidelines of a briefing on Tuesday.
BlackRock Global CIO of Fixed Income Rick Rieder on Federal Reserve policy and the outlook for the U.S. economy.
Peter Borish talk market swings, what we should look for when investing in 2019 and he says the biggest risk for the markets is fiscal instability
Dec.12 -- Sean Carney, head of municipal strategy at BlackRock, looks ahead to 2019 in the municipal bond market. He speaks with Bloomberg’s Taylor Riggs in this week’s "Muni Moment" on "Bloomberg Markets."