BlackRock, Inc. (BLK)
| Market Cap | 138.48B |
| Revenue (ttm) | 18.69B |
| Net Income (ttm) | 6.05B |
| Shares Out | 148.13M |
| EPS (ttm) | 40.29 |
| PE Ratio | 23.21 |
| Forward PE | 21.60 |
| Dividend | $20.40 (2.18%) |
| Ex-Dividend Date | Sep 9, 2024 |
| Volume | 457,866 |
| Open | 938.25 |
| Previous Close | 922.71 |
| Day's Range | 925.72 - 942.73 |
| 52-Week Range | 596.18 - 942.73 |
| Beta | 1.32 |
| Analysts | Strong Buy |
| Price Target | 903.79 (-3.32%) |
| Earnings Date | Oct 11, 2024 |
About BLK
BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks. It also provides global risk management and advisory services. The firm manages separate client-focused equity, fixed income, and balanced port... [Read more]
Financial Performance
In 2023, BlackRock's revenue was $17.86 billion, a decrease of -0.08% compared to the previous year's $17.87 billion. Earnings were $5.50 billion, an increase of 6.26%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for BLK stock is "Strong Buy." The 12-month stock price forecast is $903.79, which is a decrease of -3.32% from the latest price.
News
Microsoft, BlackRock Set Up $30B AI Infrastructure Fund Investing Mainly in US
Microsoft (MSFT) and BlackRock (BLK), the world's largest asset manager, announced plans to raise a $30 billion artificial intelligence (AI) infrastructure fund to build data centers and related energ...
Microsoft, BlackRock team up for new AI infrastructure fund
CNBC's Deirdre Bosa reports on the race to fund artificial intelligence.
Microsoft, BlackRock Team Up to Invest in AI Infrastructure: What to Know
Microsoft and BlackRock are joining forces to invest up to $100 billion in AI infrastructure. Here's what you need to know.
MSFT & BLK A.I. Fund, SMCI Bull Note, GIS Down After Earnings
Microsoft (MSFT) continues to lead headlines off the announcement of a $30 billion A.I. infrastructure fund with Blackrock (BLK).
Microsoft, BlackRock Plan $30 Billion AI Infrastructure Fund
The investment partnership aims to meet a growing demand for computing power, fueled by AI.
Microsoft-BlackRock team to raise $100 bn for AI data centers
Microsoft and investment powerhouse BlackRock on Tuesday said they have teamed up to raise as much as $100 billion for data centers and infrastructure to power artificial intelligence.
Microsoft-Backed Partnership Aims to Raise $100 Billion for AI Infrastructure
A new artificial intelligence (AI) partnership that includes Microsoft and BlackRock aims to mobilize up to $100 billion in total investment potential for data centers and sources of power for those f...
Microsoft, BlackRock Aim to Raise $30 Billion for AI Investments
Microsoft and BlackRock are teaming up to invest in data centers and other infrastructure supporting AI. The strategy aims to attract $30 billion of private equity capital.
BlackRock, Microsoft planning more than $30 billion fund to invest in AI: Financial Times
CNBC's Steve Kovach joins 'Closing Bell Overtime' to talk breaking news about Microsoft and BlackRock AI investment fund.
BlackRock, Global Infrastructure Partners, Microsoft, MGX Launch AI Partnership
The partnership, called the Global AI Infrastructure Investment Partnership, will additionally build out energy infrastructure to create power sources for the facilities, the companies said.
Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power
The Global Artificial Intelligence Infrastructure Investment Partnership is initially looking to raise $30 billion for new and existing data centers. The fundraising, which could total $100 billion, w...
Blackrock and Microsoft are reportedly planning a $30B AI-focused megafund
BlackRock is set to launch a massive AI-focused investment fund, exceeding $30 billion, in collaboration with Microsoft and the Abu Dhabi-backed investment outfit MGX, the FT reported today.
Microsoft and BlackRock plan $30 bln fund to invest in AI infrastructure, FT reports
BlackRock is preparing to launch a more than $30 billion artificial intelligence investment fund with Microsoft to build data centers and energy projects to meet growing demands stemming from AI, the ...
BlackRock® Canada Announces September Cash Distributions for the iShares® ETFs
BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the September 2024 cash distributions for the iShar...
BlackRock Announces Expected Closing Date for Acquisition of Global Infrastructure Partners
NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE: BLK) (“BlackRock”) today announced that it expects to close its previously announced acquisition of Global Infrastructure Partners (“GIP”) on October ...
BlackRock and Partners Group Establish Strategic Partnership to Transform Retail Wealth Access to Private Markets
NEW YORK--(BUSINESS WIRE)--BlackRock (NYSE: BLK) and Partners Group (SIX: PGHN) have teamed up to launch a multi-private markets models solution set to transform how retail investors access alternativ...
AT&T CEO talks earnings, Gigapower, BlackRock partnership
AT&T (T) is betting big on Gigapower. So, what is it?
US regulator approves BlackRock's $12.5 bln deal for Global Infrastructure Partners
The U.S. Federal Energy Regulatory Commission on Friday approved BlackRock's $12.5 billion deal for Global Infrastructure Partners.
Swimming With Giants - Don't Bet Against BlackRock
BlackRock's immense scale and strategic growth into high-demand areas make it a powerhouse, compounding returns and outpacing competitors. The firm's diversified approach, strong AUM growth, and acqui...
Blackrock vs Blackstone: which is a better stock to buy?
Blackrock (BLK) and Blackstone (BX) stocks have rewarded their investors well for decades as they continued becoming dominant players in their respective industries. BX's total return in the last five...
Calls of the Day: Ferrari, Cleveland Cliffs, Carlyle Group and BlackRock
The Investment Committee debate the latest Calls Of The Day.
BlackRock® Canada Announces Final August Cash Distributions for the iShares® Premium Money Market ETF
TORONTO, Aug. 26, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the fina...
How To Allocate $100,000 In A Dividend Portfolio: A Strategic Guide For Income And Growth
I will demonstrate how you could allocate the amount of $100,000 by following the current composition of The Dividend Income Accelerator Portfolio, effectively balancing dividend income and dividend g...
BlackRock: A Dividend Juggernaut That Remains Buyable For Now
BlackRock's assets under management reached yet another high in Q2. The company has growth catalysts on its side in the years ahead. Generating net interest income in the first half of 2024, BLK's fin...
BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs
TORONTO, Aug. 20, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the Augu...