BlackRock (BLK) First Quarter Earnings Beat on Strong Inflows, Goldman Said 'Mixed' Results More than Priced In
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BlackRock (BLK) PT Lowered to $734 at BMO Capital
April 14, 2022 9:20 AM EDTBMO Capital analyst James Fotheringham lowered the price target on BlackRock (NYSE: BLK) to $734.00 (from $755.00) while maintaining a Market Perform rating.
The analyst commented, "Following BLKs low-quality 1Q22 beat, we lower estimates by up to 2% and trim our SOTP-derived target to $734 (from $755).... More
BlackRock assets just under $10 trln, warns fees may suffer
April 13, 2022 6:33 AM EDTBy Sohini Podder and Carolina Mandl
(Reuters) - BlackRock Inc showed assets under management back below $10 trillion, hurt by the market rout in the first quarter, and cautioned that fees could come under pressure over the rest of the year because of volatile markets.
Still, BlackRock posted a better-than-expected quarterly profit as the world's largest asset manager benefited from investors continuing to pour money into its various index-traded and active funds.
"Our clients are trying to understand the implications of the rapidly changing investment environment," said Laurence D. Fink, chairman and chief executive, who pointed to... More
UPDATE: BlackRock (BLK) Tops Q1 EPS by 43c
April 13, 2022 6:16 AM EDT(Updated - April 13, 2022 6:31 AM EDT)
BlackRock (NYSE: BLK) reported Q1 EPS of $9.52, $0.43 better than the analyst estimate of $8.84. Revenue for the quarter came in at $4.7 billion versus the consensus estimate of $4.73 billion.
For earnings history and earnings-related data on BlackRock (BLK) click here.
... More