BlackRock Canada ukončí fond iShares Convertible Bond Index ETF (CVD) přibližně 21. ledna 2027; obchodování na burze TSX má skončit přibližně 18. ledna.
TORONTO, Oct. 23, 2026 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (“BlackRock”) (NYSE:BLK) announced today that it intends to terminate iShares Convertible Bond Index ETF (the “Terminating Fund”), based on an ongoing process to review its product lineup. The Terminating Fund will terminate on or about January 21, 2027 (the “Termination Date”).
Terminating Fund NameTickeriShares Convertible Bond Index ETFCVD
BlackRock Canada expects that the units of the Terminating Fund will cease trading on the Toronto Stock Exchange (the “TSX”) and be voluntarily delisted from the TSX on or about January 18, 2027. In connection with the termination of the Terminating Fund, the distribution reinvestment plan, pre-authorized cash contribution plan and the systematic withdrawal plan of the Terminating Fund will be terminated on or about November 23, 2026.
The final monthly distribution is expected to be declared on or about December 21, 2026 and be paid on or about January 5, 2027.
In connection with the termination, the assets of the Terminating Fund will be liquidated. BlackRock Canada expects that the Terminating Fund's portfolio assets may mature or be sold for cash in advance of the Termination Date, resulting in the Terminating Fund deviating from its investment objectives and strategies in a manner consistent with liquidation. As soon as practicable following the Termination Date, the liquidation proceeds will be distributed, after paying or providing for all liabilities and obligations of the Terminating Fund, pro rata among unitholders of record of the Terminating Fund on the Termination Date. Following the termination and distributions described above, the Terminating Fund will be dissolved. BlackRock Canada will issue an additional press release on or about the Termination Date confirming final details of the termination.
About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate.
About iShares
iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty-five years of experience, a global line-up of more than 1,800 exchange traded funds (ETFs) and US$6.4 trillion in assets under management as of September 30, 2026, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.
iShares® ETFs are managed by BlackRock Asset Management Canada Limited.
Commissions, trailing commissions, management fees and expenses all may be associated with investing in iShares ETFs. Please read the relevant prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.
BlackRock podal žádost o ETF PBIT, které má prostřednictvím opcí na IBIT omezit ztrátu každé tranše přibližně na 10 %, ale zároveň zastropovat růstový potenciál.
Bitcoin (BTC +0.70%) has made plenty of early investors rich. It has also put them through some brutal stretches, including a slide of roughly 75% from its late-2021 peak to its late-2022 low. For many investors, that volatility is the main reason to stay on the sidelines.
Asset manager BlackRock (BLK +0.36%) thinks it has a product for that crowd. And I'm not talking about the market-leading iShares Bitcoin Trust (IBIT +0.89%), a straight-up spot-price Bitcoin tracker with $67 billion of assets under management -- also managed by BlackRock's iShares arm. No, IBIT is getting a safer sibling.
On Oct. 19, the gigantic asset manager filed a preliminary prospectus with the Securities and Exchange Commission for the iShares Bitcoin Managed Protection ETF, which would trade under the ticker PBIT. The fund aims to deliver Bitcoin-linked gains up to a ceiling while cushioning some losses.
Here's what the filing says, and what it leaves out.
Image source: Getty Images.
It's a filing, not a fund (yet)PBIT isn't trading yet. The filing becomes effective 75 days after submission, which would be as early as January 2027, and BlackRock can revise the terms before then. Several important details are still blank, including the annual management fee and the listing exchange.
The fund would join BlackRock's growing Bitcoin lineup. The iShares Bitcoin Trust launched in January 2024 and is now the largest spot Bitcoin ETF by a wide margin. IBIT took in $665.2 million of new money on Oct. 19 alone. iShares added a Bitcoin income fund in June, and Bloomberg Intelligence analyst James Seyffart counts PBIT as BlackRock's third Bitcoin ETF filing.
How the protection worksPBIT won't own Bitcoin or IBIT shares directly. Instead, it will build its exposure with options on IBIT (or similar Bitcoin products) while holding Treasury bills and other short-term, high-quality debt alongside them.
The structure rests on three overlapping "tranches," each lasting roughly three months. Each tranche combines two option positions:
A purchased call option with a strike price around 90% of IBIT's price when the tranche starts. This provides the Bitcoin exposure and sets the floor. If IBIT falls below that level, the tranche's loss is capped at roughly 10% before fees.A sold call option at a higher strike price. The premium from this sale helps pay for the purchased call, but it also caps the tranche's potential upside. Gains above that strike go to whoever bought the option.The tranches start a month apart, so each month one expires, and a new one begins. Interest earned on the fund's cash-equivalent holdings helps offset the cost of the options.
Read the fine print"Broad discretion" appears again and again in the prospectus. BlackRock can change the floor, the number of tranches, the timing, basically the whole recipe.
The call-option floor applies per tranche, not per investor. Each tranche's 10% floor is measured from that tranche's starting price. If IBIT rallies after a tranche begins, an investor who buys in at the higher price could lose more than 10% before the floor kicks in. If you want a higher floor, you need to wait for the next tranche of downside protection. Investing in this ETF requires homework.
Fees come on top. The floor and cap math leaves out fees. So every number above gets a little worse once the blank fee value is converted to an actual percentage. For what it's worth, the iShares Bitcoin Premium Income ETF comes with a 0.65% annual fee, far above IBIT's 0.25%.
Extreme volatility cuts both ways. The prospectus warns that wild markets can shrink both the upside cap and the downside protection.
The tax strategy gave me a headache. BlackRock expects the options to be marked to market each year and taxed at 60% long-term and 40% short-term. The filing also notes that certain tax rules could leave shareholders with a lower after-tax return than they would receive by holding a Bitcoin fund directly. Why? That's above my pay grade. Give your tax accountant a copy of BlackRock's prospectus.
One more detail stands out. Because PBIT's options reference IBIT, the prospectus acknowledges that the new fund could indirectly push more assets into IBIT, generating additional fees for BlackRock and its affiliates. That isn't a red flag by itself, but it shows how the new product makes business sense for BlackRock and how the fund can indirectly lead to more Bitcoin purchases by IBIT.
IBIT iShares Bitcoin Trust$46.71+$0.41 (+0.89%)
NASDAQ · As of 4:00 PM ET 10/20/26
A crowded niche with no established giantDefined-outcome Bitcoin funds aren't new. Several smaller ETF issuers have offered versions since early 2025, with protection levels ranging from full principal protection to a 20% maximum loss. None has attracted much money.
BlackRock's brand and distribution network could change that. IBIT's rapid rise showed how quickly financial advisors and long-term investors might adopt a Bitcoin product from a familiar name. A protected version could appeal to the same audience, particularly advisors who want to offer clients Bitcoin exposure with a smaller worst-case scenario. The upside is smaller too, but it's a toe in the crypto waters either way.
For BlackRock shareholders, PBIT is unlikely to move the needle on its own. It does show the company extending its lead in crypto ETFs by layering new strategies atop IBIT, much as it has done with stock and bond funds for decades.
BTC Bitcoin$82,513.00+$572.61 (+0.70%)
CRYPTO · As of 4:23 PM ET 10/20/26
Who might want PBIT?PBIT could make sense for investors who want some Bitcoin exposure but would bail out of a plain Bitcoin fund after a steep drop. Giving up part of the upside is the price of admission, and in a strong Bitcoin rally, the price of lost opportunity could be steep. Then again, the same is true for staying entirely on Bitcoin's sidelines.
Investors comfortable with Bitcoin's full ride may be better served by a direct fund like IBIT, which has no cap and simpler tax treatment. Everyone else should wait for the buffered fund's final prospectus, especially the fee, before drawing conclusions.
Key Takeaways BlackRock's Q3 2026 AUM rose 15% to $15.49 trillion, driven by robust client inflows and favorable markets.BLK attracted $205 billion in Q3 net inflows, including $135 billion from ETFs.BLK's revenues grew 19% to $7.75 billion, fueled by higher average AUM, organic growth and performance fees. BlackRock (BLK - Free Report) reported assets under management (AUM) of $15.49 trillion as of Sept. 30, 2026, up 15% year over year. This was driven by robust client inflows and favorable market movements over the past year, strengthening the company's fee-generating asset base.
In the third quarter, BlackRock recorded $205 billion in total net inflows, including $175 billion in long-term inflows and $31 billion in cash management inflows. Over the trailing 12 months, net inflows totaled $869 billion, reflecting sustained client demand across investment strategies. Quarterly annualized organic base fee growth reached 11%.
Net Flows (in Billions)
Image Source: BlackRock, Inc.
Exchange-traded funds (ETFs) remained the primary growth driver, attracting $135 billion in net inflows, including $66 billion into fixed-income ETFs and $51 billion into equity ETFs. Active strategies generated $66 billion in inflows, while institutional index products witnessed $27 billion in outflows. Retail clients contributed $23 billion.
Private markets attracted $15.3 billion in net inflows, taking segment AUM to $336 billion. This business offers additional revenue diversification, with private markets representing 11% of base fees despite accounting for only 2% of total AUM.
The expanding asset base is translating into stronger revenues. Investment advisory, administration and securities lending revenues increased 20% year over year to $6.04 billion. Total revenues climbed 19% to $7.75 billion, supported by higher average AUM, organic growth and performance fees.
Sustained inflows and greater exposure to higher-fee alternatives could support BlackRock's revenue growth in the future. However, market volatility, institutional outflows and competitive fee pressures remain important considerations. The company's diversified platform provides growth opportunities, although its contribution will depend on asset retention, market conditions and fee realization.
Earnings Dates & Expectations of BlackRock’s PeersBlackstone Inc. (BX - Free Report) is slated to report third-quarter 2026 results on Oct. 22.
Over the past week, the Zacks Consensus Estimate for BX’s quarterly earnings has been revised lower to $1.31. The figure implies a fall of 13.8% from the prior-year quarter.
Invesco (IVZ - Free Report) is scheduled to announce third-quarter 2026 numbers on Oct. 27.
Over the past seven days, the Zacks Consensus Estimate for IVZ’s quarterly earnings has been unchanged at 75 cents. The figure implies a jump of 23% from the prior-year quarter.
TORONTO, Oct. 20, 2026 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the October 2026 cash distributions for the iShares ETFs listed on the TSX or Cboe Canada which pay on a monthly basis. Unitholders of record of the applicable iShares ETF on October 27, 2026 will receive cash distributions payable in respect of that iShares ETF on October 30, 2026.
Details regarding the “per unit” distribution amounts are as follows:
Fund NameFund TickerCash Distribution Per UnitiShares 1-10 Year Laddered Corporate Bond Index ETFCBH$0.052iShares 1-5 Year Laddered Corporate Bond Index ETFCBO$0.056iShares S&P/TSX Canadian Dividend Aristocrats Index ETFCDZ$0.105iShares Equal Weight Banc & Lifeco ETFCEW$0.067iShares 1-5 Year Laddered Government Bond Index ETFCLF$0.036iShares 1-10 Year Laddered Government Bond Index ETFCLG$0.040iShares S&P/TSX Canadian Preferred Share Index ETFCPD$0.057iShares US Dividend Growers Index ETF (CAD-Hedged)CUD$0.092iShares Convertible Bond Index ETFCVD$0.075iShares Global Monthly Dividend Index ETF (CAD-Hedged)CYH$0.078iShares Canadian Financial Monthly Income ETFFIE$0.040iShares U.S. Aggregate Bond Index ETFXAGG$0.119iShares U.S. Aggregate Bond Index ETF(1)XAGG.U$0.083iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)XAGH$0.107iShares Core Canadian Universe Bond Index ETFXBB$0.082iShares Core Canadian Corporate Bond Index ETFXCB$0.071iShares ESG Advanced Canadian Corporate Bond Index ETFXCBG$0.127iShares U.S. IG Corporate Bond Index ETFXCBU$0.147iShares U.S. IG Corporate Bond Index ETF(1)XCBU.U$0.103iShares Core MSCI Global Quality Dividend Index ETFXDG$0.077iShares Core MSCI Global Quality Dividend Index ETF(1)XDG.U$0.054iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)XDGH$0.088iShares Core MSCI Canadian Quality Dividend Index ETFXDIV$0.119iShares Core MSCI US Quality Dividend Index ETFXDU$0.064iShares Core MSCI US Quality Dividend Index ETF(1)XDU.U$0.045iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)XDUH$0.052iShares Canadian Select Dividend Index ETFXDV$0.111iShares J.P. Morgan USD Emerging Markets Bond Index ETF (CAD-Hedged)XEB$0.062iShares S&P/TSX Composite High Dividend Index ETFXEI$0.110iShares Core Canadian 15+ Year Federal Bond Index ETFXFLB$0.117iShares Flexible Monthly Income ETFXFLI$0.200iShares Flexible Monthly Income ETF(1)XFLI.U$0.140iShares Flexible Monthly Income ETF (CAD-Hedged)XFLX$0.184iShares S&P/TSX Capped Financials Index ETFXFN$0.152iShares Floating Rate Index ETFXFR$0.044iShares Core Canadian Government Bond Index ETFXGB$0.051iShares Global Government Bond Index ETF (CAD-Hedged)XGGB$0.044iShares Canadian HYBrid Corporate Bond Index ETFXHB$0.077iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)XHD$0.086iShares U.S. High Dividend Equity Index ETFXHU$0.096iShares U.S. High Yield Bond Index ETF (CAD-Hedged)XHY$0.083iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged)XIG$0.070iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged)XIGS$0.131iShares Core Canadian Long Term Bond Index ETFXLB$0.062iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged)XPF$0.066iShares High Quality Canadian Bond Index ETFXQB$0.055iShares S&P/TSX Capped REIT Index ETFXRE$0.058iShares ESG Aware Canadian Aggregate Bond Index ETFXSAB$0.051iShares Core Canadian Short Term Bond Index ETFXSB$0.069iShares Conservative Short Term Strategic Fixed Income ETFXSC$0.054iShares Conservative Strategic Fixed Income ETFXSE$0.053iShares Core Canadian Short Term Corporate Bond Index ETFXSH$0.063iShares ESG Advanced 1-5 Year Canadian Corporate Bond Index ETFXSHG$0.124iShares 1-5 Year U.S. IG Corporate Bond Index ETFXSHU$0.166iShares 1-5 Year U.S. IG Corporate Bond Index ETF(1)XSHU.U$0.116iShares Short Term Strategic Fixed Income ETFXSI$0.058iShares Core Canadian 1-10 Year Bond Index ETFXSMB$0.105iShares ESG Aware Canadian Short Term Bond Index ETFXSTB$0.047iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)XSTH$0.000iShares 0-5 Year TIPS Bond Index ETFXSTP$0.000iShares 0-5 Year TIPS Bond Index ETF(1)XSTP.U$0.000iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged)XTLH$0.114iShares 20+ Year U.S. Treasury Bond Index ETFXTLT$0.117iShares 20+ Year U.S. Treasury Bond Index ETF(1)XTLT.U$0.082iShares Diversified Monthly Income ETFXTR$0.040iShares S&P/TSX Capped Utilities Index ETFXUT$0.107 (1) Distribution per unit amounts are in U.S. dollars for XAGG.U, XCBU.U, XDG.U, XDU.U, XFLI.U, XSHU.U, XSTP.U, and XTLT.U.
Estimated October Cash Distributions for the iShares Premium Money Market ETF
The October cash distributions per unit for the iShares Premium Money Market ETF are estimated to be as follows:
Fund NameFund TickerEstimated Cash Distribution Per UnitiShares Premium Money Market ETFCMR$0.107
BlackRock Canada expects to issue a press release on or about October 26, 2026, which will provide the final amounts for the iShares Premium Money Market ETF.
Further information on the iShares ETFs can be found at http://www.blackrock.com/ca.
About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate
About iShares ETFs
iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty-five years of experience, a global line-up of more than 1,800 exchange traded funds (ETFs) and $6.4 trillion in assets under management as of September 30, 2026, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.
iShares® ETFs are managed by BlackRock Canada.
Commissions, trailing commissions, management fees and expenses all may be associated with investing in iShares ETFs. Please read the relevant prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.
Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”). Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). TSX is a registered trademark of TSX Inc. (“TSX”). All of the foregoing trademarks have been licensed to S&P Dow Jones Indices LLC and sublicensed for certain purposes to BlackRock Fund Advisors (“BFA”), which in turn has sub-licensed these marks to its affiliate, BlackRock Asset Management Canada Limited (“BlackRock Canada”), on behalf of the applicable fund(s). The index is a product of S&P Dow Jones Indices LLC, and has been licensed for use by BFA and by extension, BlackRock Canada and the applicable fund(s). The funds are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, any of their respective affiliates (collectively known as “S&P Dow Jones Indices”) or TSX, or any of their respective affiliates. Neither S&P Dow Jones Indices nor TSX make any representations regarding the advisability of investing in such funds. MSCI is a trademark of MSCI, Inc. (“MSCI”). The ETF is permitted to use the MSCI mark pursuant to a license agreement between MSCI and BlackRock Institutional Trust Company, N.A., relating to, among other things, the license granted to BlackRock Institutional Trust Company, N.A. to use the Index. BlackRock Institutional Trust Company, N.A. has sublicensed the use of this trademark to BlackRock. The ETF is not sponsored, endorsed, sold or promoted by MSCI and MSCI makes no representation, condition or warranty regarding the advisability of investing in the ETF.
Tokenizovaný dluhopisový produkt USDY od společnosti Ondo Finance s aktivy ve výši 2,33 miliardy USD překonal BUIDL od BlackRocku, držitelé ONDO však nemají nárok na jeho podkladová aktiva ani příjmy.
Ondo's tokenized Treasury product just dethroned BlackRock's BUIDL in size, yet the ONDO token keeps sliding deeper into the red. The relationship between Ondo's growing business and its token's value may not be what investors assume.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Ondo Finance’s tokenized Treasury product, the Ondo US Dollar Yield token (USDY), has surpassed BUIDL from BlackRock (NYSE:BLK | BLK Price Prediction) in size. Despite this achievement, the Ondo (CRYPTO:ONDO) token fell 9% during the week ending October 17, 2026. USDY currently holds about $2.33 billion, slightly more than the $2.2 billion held by BlackRock’s tokenized fund.
ONDO is trading at around 44 cents, down 3% in one day. Its weekly drop is considerably steeper than the 1.7% decline in Bitcoin (CRYPTO:BTC) and the 3.4% dip in Ethereum (CRYPTO:ETH). ONDO is now 79.5% below its all-time high of $2.14, reached on December 15, 2024. While the USDY product continues to grow, the ONDO token’s value keeps falling. Does this increase in USDY suggest that ONDO is undervalued?
USDY Pays Yield to Its Holders, While ONDO Offers Only Governance
USDY is a yield-bearing token backed by short-term US Treasuries and bank deposits, as Ondo states on its product page. Legally, USDY represents debt from a separate entity, which should protect its reserves from Ondo’s creditors if Ondo Finance faces financial difficulties. Notably, USDY is sold under Regulation S, which means only non-US buyers can purchase it.
In contrast, ONDO serves as a governance token. Holders of ONDO tokens have the right to vote on proposals for the Ondo DAO, the community organization overseeing parts of the platform. While buyers can create and redeem USDY using dollars or stablecoins, ONDO has no role in that process. The $2.33 billion in USDY belongs to its holders.
Ondo generates revenue from the difference between two yields: one yield paid to USDY holders and another earned by the portfolio backing USDY. However, Ondo Finance is a private company that does not disclose how much of this yield gap contributes to its revenue.
The only connection between Ondo’s business and the ONDO token is its governance function. In June, a community member proposed a temperature check on the Flux Finance governance forum about using part of Ondo’s revenue to buy back and eliminate ONDO tokens. The post clarified that this was only a temperature check, not a binding on-chain proposal.
Ondo’s US Expansion Relies on USD and Stablecoins, Not ONDO
Ondo also operates OUSG, a tokenized Treasury fund designed for qualified investors, along with Ondo Global Markets. The BVI unit of Ondo issues tokenized notes that track US stocks and ETFs for non-US investors, with broker Alpaca holding the underlying shares. In a letter sent to the SEC on April 13, Ondo sought no-action relief, indicating that it aims to record these positions on Ethereum’s main network, with BitGo safeguarding the tokens.
A significant regulatory advancement for Ondo was acquiring Oasis Pro, which gave it an SEC-registered broker-dealer, an alternative trading system for matching buyers and sellers, and a transfer agent to track ownership of each security. On July 23, Oasis Pro Markets received FINRA approval to offer tokenized stocks and funds to US investors.
However, Ondo’s announcement of this approval said trades could settle in fiat currencies or “supported stablecoins” and did not mention ONDO. Thus, Ondo’s regulated operations in the US could continue to grow without creating demand for ONDO.
BlackRock Continues to Earn Fees While USDY Leads BUIDL
Claiming that Ondo is a direct rival to BlackRock may be overstating the competition. In March 2024, Ondo transferred its OUSG reserves into BlackRock’s BUIDL fund, making it a BUIDL client. Additionally, USDY’s portfolio includes an Ondo-tokenized version of the iShares 0-1 Year Treasury Bond ETF (NASDAQ:SHV), which is managed by BlackRock. So, even as USDY grows past BUIDL, BlackRock still earns fees as Ondo grows.
Moreover, the two products serve different buyers. BlackRock developed BUIDL in partnership with Securitize for large institutions, while USDY appeals to non-US individuals and organizations, as well as to crypto lending and trading applications that accept it as collateral. Currently, USDY’s lead over BUIDL is quite narrow, at roughly $130 million to $160 million depending on the count, meaning a single large deposit into BUIDL could change their rankings.
ONDO’s Market Cap Excludes 5 Billion Tokens Yet to Be Released
Currently, ONDO’s market cap is about $2.13 billion, less than USDY’s. Its fully diluted valuation, which factors in all 10 billion tokens that will ever exist, is about $4.38 billion. This makes ONDO appear more affordable than USDY. However, this comparison mistakenly treats customer deposits as if they belong to token holders.
The supply also affects the price. Of the 10 billion ONDO token maximum, about 4.87 billion are currently in circulation, meaning only 49% of the total supply is available. Ondo still has 5.13 billion tokens to release, which could further affect market dynamics.
Is ONDO Undervalued Now That Ondo’s Tokenized Treasury Leads BUIDL?
No. USDY’s growth doesn’t make ONDO undervalued because ONDO holders have no claim on USDY’s reserves, no ownership stake in Ondo Finance, and no claim on the company’s fees. Holding ONDO for the tokenization theme buys a vote on Ondo’s direction, but no share of its cash flow, and 5.13 billion tokens still have to unlock.
We’d change our view once a binding fee-switch proposal passes an on-chain vote and Ondo starts using its revenue to buy back ONDO. Until then, USDY could keep growing past BUIDL while ONDO lags Bitcoin, as it did the week ending October 17.
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Contact [email protected] for any questions or corrections.
iShares Bitcoin Trust společnosti BlackRock zaznamenal v týdnu končícím 16. října 2026 odliv 165,4 mil. USD, což představovalo většinu z celkových 228,4 mil. USD stažených z bitcoinových ETF.
BlackRock's Bitcoin ETF just shed hundreds of millions in a single week after a massive price rally, and whether that signals a Wall Street retreat or something far less alarming depends on a number you probably haven't seen yet.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
BlackRock‘s (NYSE: BLK | BLK Price Prediction) iShares Bitcoin Trust (NASDAQ: IBIT) saw a significant outflow of $165.4 million for the week ending October 16, 2026, accounting for most of the $228.4 million in Bitcoin ETF outflows that week. These ETFs hold Bitcoin and trade like stocks, so a net outflow means investors withdrew more money than they invested.
This selling occurred after a strong period for Bitcoin. As of October 17, Bitcoin (CRYPTO: BTC) trades around $81,141, down 1.7% over the past week but up 6.8% over the last month. Since August 18, Bitcoin has risen 25.4% to about $64,681.
So, is Wall Street genuinely retreating from Bitcoin, or is that week’s outflow being exaggerated?
IBIT Accounted for 72% of $228 Million in Bitcoin ETF Outflows
IBIT’s outflow accounted for about 72% of the week’s total withdrawals from Bitcoin ETFs. When a major fund like IBIT drives most of the outflow, a few large investors adjusting their positions can significantly affect the total.
Other funds also posted losses, including the Fidelity Wise Origin Bitcoin Fund (CBOE: FBTC), which lost $60.2 million; the Grayscale Bitcoin Mini Trust (NYSEARCA: BTC), which fell $7.6 million; and the Invesco Galaxy Bitcoin ETF, which lost $4.1 million. However, not all news was negative; the Morgan Stanley Bitcoin Trust took in $6.7 million, and the Bitwise Bitcoin ETF added $2.2 million, showing that some new investments are still flowing into Bitcoin ETFs during a downturn.
The trend continued into the week’s final session, when U.S. spot Bitcoin ETFs lost $82.4 million on October 16, with IBIT accounting for $71.8 million of that total.
A $228 Million Outflow Is Small Next to $104 Billion in Bitcoin ETFs
Despite the $228.4 million outflow, U.S. spot Bitcoin ETFs held $104.3 billion in total net assets on October 16, according to SoSoValue. This means the week’s withdrawals totaled roughly one-fifth of one percent of that total, with IBIT’s share alone at about one-sixth of one percent.
BlackRock’s recent performance also tells a positive story. The firm reported $79.6 billion in assets on its digital-assets platform in its third-quarter results, including IBIT.
Notably, on a single strong day, investors put substantially more money into these funds than they pulled out over the entire week. On September 21, for example, Bitcoin ETFs attracted roughly $999 million, making that week’s outflow only about 23% of one day’s inflow.
One Heavy Selling Day Did Most of the Damage to Bitcoin ETFs
The investor activity varied significantly throughout the week. Bitcoin ETFs brought in $175.6 million on October 13 but lost $261.5 million the next day. A small inflow of $5.1 million came on October 15 before the final outflow on October 16.
The significant outflow on October 14 alone surpassed the week’s total net withdrawal, suggesting a single, heavy selling session did most of the damage. Positive inflows on other days helped recover some of the losses.
Bitcoin’s price, however, seemed resilient against these sell-offs. A 1.7% drop over the week feels relatively mild given the substantial outflows, although on a longer timeline, Bitcoin is down 6.8% this year and 23.4% in the past year.
Do $228 Million in Bitcoin ETF Outflows Indicate Wall Street Is Pulling Back?
The current flow data does not strongly indicate that Wall Street is retreating from Bitcoin. A $228.4 million outflow against a backdrop of $104.3 billion in assets appears more like investors taking profits after a significant 25.4% price increase rather than a long-term pullback. Furthermore, BlackRock’s iShares platform recorded $135 billion in net inflows in the third quarter, and institutions looking to reduce risk would likely show up in these numbers first.
A real retreat would be noticeable in the data; for instance, if U.S. spot Bitcoin ETFs recorded a weekly net outflow exceeding $999 million, matching the inflow seen on September 21, and if IBIT faced a second consecutive week of losses, it could indicate a more significant retreat. Until then, the October sell-offs appear to reflect a momentary pause by investors, who still hold a substantial $104.3 billion in these funds.
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ARS Wealth Advisors Group LLC boosted its holdings in BlackRock (NYSE:BLK – Free Report) by 115.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,166 shares of the asset manager’s stock after acquiring an additional 2,764 shares during the period. ARS Wealth Advisors Group LLC’s holdings in BlackRock were worth $5,467,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in the business. RMG Wealth Management LLC acquired a new position in shares of BlackRock in the first quarter valued at $25,000. Addison Advisors LLC acquired a new stake in shares of BlackRock during the 2nd quarter worth about $25,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of BlackRock during the 2nd quarter worth about $25,000. Meeder Asset Management Inc. bought a new stake in shares of BlackRock during the 2nd quarter worth about $30,000. Finally, Wilkerson Advisory Group LLC boosted its holdings in shares of BlackRock by 100.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 34 shares of the asset manager’s stock worth $33,000 after buying an additional 17 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.
Analysts Set New Price Targets BLK has been the topic of several research analyst reports. Zacks Research cut shares of BlackRock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Truist Financial set a $1,310.00 price objective on BlackRock in a report on Thursday. Wells Fargo & Company boosted their price objective on BlackRock from $1,230.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday. UBS Group upped their target price on BlackRock from $1,277.00 to $1,300.00 and gave the company a “buy” rating in a research report on Thursday. Finally, TD Cowen increased their target price on BlackRock from $1,190.00 to $1,212.00 and gave the stock a “hold” rating in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,312.06.
View Our Latest Report on BlackRock BlackRock Stock Up 1.1% NYSE BLK opened at $1,133.07 on Friday. The business has a fifty day moving average price of $1,106.23 and a two-hundred day moving average price of $1,062.85. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,187.17. The stock has a market capitalization of $175.48 billion, a PE ratio of 20.18, a PEG ratio of 1.23 and a beta of 1.41.
BlackRock (NYSE:BLK – Get Free Report) last issued its quarterly earnings results on Wednesday, October 14th. The asset manager reported $15.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.32 by $1.61. BlackRock had a return on equity of 16.08% and a net margin of 24.22%. The company had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.42 billion. During the same quarter last year, the company posted $8.43 EPS. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. Equities analysts expect that BlackRock will post 56.28 earnings per share for the current fiscal year.
BlackRock Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were issued a dividend of $5.73 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $22.92 annualized dividend and a dividend yield of 2.0%. BlackRock’s payout ratio is 52.11%.
Key BlackRock News Here are the key news stories impacting BlackRock this week:
Positive Sentiment: Strong Q3 results support the rally. BlackRock reported adjusted earnings of $15.93 per share, exceeding the $14.32 consensus estimate, while revenue of $7.75 billion also topped expectations and increased 19.1% year over year. Improved operating income and margins helped ease concerns about profitability. BlackRock Stock Jumps as Q3 Earnings Power Margin Recovery Positive Sentiment: Record inflows point to continued organic growth. BlackRock attracted approximately $205 billion in net new client assets during the quarter, lifting assets under management to roughly $15.5 trillion. Broad ETF demand, fixed income, private markets and technology fees are diversifying the company’s revenue base. How Record Inflows at BlackRock Have Changed Its Investment Story Positive Sentiment: Analysts raised their expectations. JPMorgan increased its price target to $1,449 and maintained an Overweight rating, while Keefe, Bruyette & Woods raised its target to $1,310 with an Outperform rating. Bank of America also reiterated a Buy rating and lifted its target to $1,313, citing strong earnings and ETF inflows. Analysts Boost Forecasts on BlackRock Positive Sentiment: AI infrastructure could create new fee opportunities. Management highlighted financing for data centers and compute infrastructure, along with growth in higher-fee products, as potential longer-term earnings drivers. CEO Larry Fink’s support for continued data-center construction reinforces BlackRock’s positioning in this investment theme. BlackRock Sees Large Opportunity in Developing Compute Market Neutral Sentiment: BlackRock disclosed portfolio changes involving stakes in Qiagen, Suzano, Caledonia Mining and Fagron. These transactions demonstrate ongoing investment activity but are not expected to materially affect BLK’s earnings. Negative Sentiment: Ethereum ETFs experienced another day of net redemptions, led by BlackRock’s ETHA. Persistent crypto-fund outflows could pressure short-term fee revenue, although the impact is limited relative to BlackRock’s broader platform. Ethereum ETFs See Outflows Negative Sentiment: BlackRock faces tougher competition in low-cost Nasdaq-100 ETFs from State Street and other providers, while early inflows remain limited and trading volumes trail the established QQQ product. QQQ vs. Cheaper Nasdaq-100 ETFs BlackRock Company Profile (Free Report)
BlackRock, Inc is a global investment management and financial technology company serving individual investors, institutions, governments and financial professionals. The company provides investment management, risk management and advisory services across a broad range of asset classes, including equities, fixed income, multi-asset strategies, alternatives and cash management.
BlackRock offers investment products through mutual funds, exchange-traded funds and other vehicles. Its iShares brand is one of the company’s principal platforms for exchange-traded funds, providing access to domestic and international markets, industry sectors, bonds, commodities and specialized investment strategies.
The company also provides technology and analytical solutions through its Aladdin platform, which is used by asset managers, institutional investors and other financial organizations for portfolio management, risk analysis, trading and operational support.
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On its third quarter of 2026 earnings call, held on Oct. 14, 2026, BlackRock (BLK +1.21%) announced quarterly net inflows of $205 billion. This capital influx pushes assets under management, the total market value of investments the firm manages for clients, to $15.5 trillion. Expanding beyond traditional index funds into private credit and infrastructure creates durable recurring fees across changing market environments. Three takeaways from the call highlight how this strategy powers long-term growth.
1. Private Markets Expand Into Artificial Intelligence InfrastructureManagement is positioning the firm at the intersection of private credit and technology infrastructure by financing massive data center builds. Integrating Global Infrastructure Partners (GIP), an infrastructure investment manager, and HPS Investment Partners, a private credit firm, gives the company full capability across corporate debt and equity structures.
We partnered with Meta on the financing of its planned $14 billion data center in Texas, bringing together infrastructure investments from GIP, private financing capabilities from HPS.
-- Laurence D. Fink, Chairman and Chief Executive Officer2. Organic Base Fee Growth Accelerates Across Asset ClassesOrganic base fee growth, which measures recurring fee revenue earned from client net inflows excluding market moves, reached 11% in the quarter. Scaling higher-fee categories like private markets and technology services keeps revenue growing even when underlying equity markets fluctuate.
Third quarter organic base fee growth was 11%. That's nine consecutive quarters at or above our 5% long-term target, and it's also the fifth consecutive quarter at or above 8%.
-- Martin S. Small, Chief Financial Officer3. Active Exchange-Traded Funds Drive Record InflowsInvestors are increasingly using exchange-traded funds, or pooled investment funds traded on public exchanges, for active management rather than simple market tracking. Expanding active offerings into exchange-traded fund structures lets the firm gather higher-margin fees while consolidating market share from traditional mutual funds.
The ETF wrapper is also evolving how investors access actively managed strategies, and iShares is leading the industry with $60 billion of active inflows in 2026, including a record $22 billion of inflows this quarter.
-- Laurence D. Fink, Chairman and Chief Executive OfficerLooking AheadCapital flows into private infrastructure and specialized fixed income are accelerating, and management isn't hiding its satisfaction about the momentum. Deep relationships with technology companies and institutional investors give the platform a distinct edge in structuring complex financing deals.
Management is watching the buildout of artificial intelligence compute financing, expanding Aladdin, the firm's investment and risk management technology platform, and maintaining pricing discipline across customized wealth portfolios.
More clients are turning to BlackRock as a destination for capital and for a partner for their growth.
-- Laurence D. Fink, Chairman and Chief Executive OfficerAs traditional banking channels face capital constraints, institutional clients are turning to private markets and technology-driven portfolio management. The firm's ability to unify public markets, private credit, and enterprise software positions it to capture long-term market share.
I am confident in the opportunities and growth ahead for BlackRock, for our clients and importantly, for our shareholders.
-- Laurence D. Fink, Chairman and Chief Executive Officer
Assenagon Asset Management ve třetím čtvrtletí zvýšila svůj podíl akcií BlackRock o 42,8 % nákupem 74 473 akcií, čímž její držba vzrostla na 248 506 akcií.
Assenagon Asset Management S.A. increased its position in shares of BlackRock (NYSE:BLK – Free Report) by 42.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 248,506 shares of the asset manager’s stock after buying an additional 74,473 shares during the quarter. Assenagon Asset Management S.A. owned about 0.16% of BlackRock worth $244,107,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. RDA Financial Network purchased a new position in BlackRock during the third quarter worth about $8,702,000. Summit Financial Wealth Advisors LLC acquired a new stake in shares of BlackRock during the third quarter valued at about $283,000. State of Alaska Department of Revenue raised its stake in shares of BlackRock by 3,044.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 444,827 shares of the asset manager’s stock valued at $470,756,000 after acquiring an additional 430,681 shares during the period. Mainsail Asset Management LLC raised its stake in shares of BlackRock by 19.5% in the 3rd quarter. Mainsail Asset Management LLC now owns 312 shares of the asset manager’s stock valued at $337,000 after acquiring an additional 51 shares during the period. Finally, Nvwm LLC raised its stake in shares of BlackRock by 230.0% in the 3rd quarter. Nvwm LLC now owns 264 shares of the asset manager’s stock valued at $279,000 after acquiring an additional 184 shares during the period. Hedge funds and other institutional investors own 80.69% of the company’s stock.
BlackRock News Summary Here are the key news stories impacting BlackRock this week:
Positive Sentiment: Strong Q3 beat: BlackRock reported adjusted EPS of $15.93, above the $14.32 consensus, while revenue rose 19.1% year over year to $7.75 billion, ahead of the $7.42 billion estimate. BlackRock Q3 earnings report Positive Sentiment: Record inflows and AUM: The firm attracted approximately $205 billion in quarterly net inflows, helping assets under management reach about $15.5 trillion. Strong demand for iShares ETFs, fixed-income products and private-market strategies supports recurring fee growth. BlackRock Q3 profit rises on inflows Positive Sentiment: Analysts raised targets: JPMorgan lifted its price target to $1,449 with an overweight rating, while Keefe, Bruyette & Woods raised its target to $1,310 and maintained an outperform rating. Bank of America also reiterated a buy rating and raised its target to $1,313. Analysts raise BlackRock forecasts Positive Sentiment: Growth initiatives: Management highlighted AI infrastructure financing, technology revenue, margin expansion and fundraising in private markets as potential drivers of future growth, including a developing opportunity in the compute market. BlackRock earnings call on AI financing Neutral Sentiment: Crypto exposure remains mixed: BlackRock’s crypto ETF assets reportedly increased sharply during the quarter, but bitcoin and ether ETFs subsequently recorded roughly $391 million in combined one-day outflows, creating near-term sentiment risk. Bitcoin and Ether ETF flows Negative Sentiment: Macro and execution risks: CEO Larry Fink warned that halting data-center construction could damage growth and trigger a recession. BlackRock is also reducing U.S. stock exposure in favor of Treasuries, while UBS expects the firm to exit several 2030 targets early—potentially signaling that some long-term goals may be difficult to achieve. Larry Fink data-center warning Analyst Ratings Changes Several equities analysts have recently commented on BLK shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $1,258.00 price objective on shares of BlackRock in a report on Thursday, July 16th. BNP Paribas Exane lifted their price objective on BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. boosted their price target on shares of BlackRock from $1,435.00 to $1,449.00 and gave the stock an “overweight” rating in a research note on Thursday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,389.00 price objective on shares of BlackRock in a research report on Thursday, July 16th. Finally, Morgan Stanley lowered their target price on BlackRock from $1,479.00 to $1,468.00 and set an “overweight” rating for the company in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,312.06. Check Out Our Latest Analysis on BlackRock
BlackRock Stock Performance NYSE BLK opened at $1,123.32 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,209.89. The company has a market capitalization of $173.97 billion, a PE ratio of 25.54, a P/E/G ratio of 1.21 and a beta of 1.41. The company has a fifty day moving average of $1,106.32 and a two-hundred day moving average of $1,062.35.
BlackRock (NYSE:BLK – Get Free Report) last issued its quarterly earnings data on Wednesday, October 14th. The asset manager reported $15.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.32 by $1.61. BlackRock had a return on equity of 16.08% and a net margin of 24.22%. The company had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.42 billion. During the same quarter last year, the company posted $8.43 earnings per share. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. As a group, analysts expect that BlackRock will post 55.70 earnings per share for the current year.
BlackRock Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were issued a $5.73 dividend. This represents a $22.92 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, September 8th. BlackRock’s dividend payout ratio is presently 52.11%.
About BlackRock (Free Report)
BlackRock, Inc is a global investment management and financial technology company serving individual investors, institutions, governments and financial professionals. The company provides investment management, risk management and advisory services across a broad range of asset classes, including equities, fixed income, multi-asset strategies, alternatives and cash management.
BlackRock offers investment products through mutual funds, exchange-traded funds and other vehicles. Its iShares brand is one of the company’s principal platforms for exchange-traded funds, providing access to domestic and international markets, industry sectors, bonds, commodities and specialized investment strategies.
The company also provides technology and analytical solutions through its Aladdin platform, which is used by asset managers, institutional investors and other financial organizations for portfolio management, risk analysis, trading and operational support.
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BlackRock CEO Larry Fink warned that a halt to data center construction could trigger an economic slowdown.
"If we have a moratorium of some sort in this country, we will be in a recession," Fink told CNBC Wednesday, after BlackRock reported better-than-expected third-quarter earnings early Wednesday. BlackRock advanced about 1% in late morning trading.
"So much of our economy is based on the buildout of this capex," Fink added, referring to the massive investments made to develop artificial intelligence infrastructure.
Fink's warning comes as strong, local opposition to data center construction has emerged as a key issue in the Nov. 3 midterm elections, as communities struggle with rising utility costs, water use, environmental damage and questions over investment transparency.
While Fink acknowledged fears about the data center buildout, he also noted "most of it is on misinformation."
The stakes are high. Wall Street analysts estimate total AI capital expenditures could climb above $1 trillion in 2027 and total in excess of $5 trillion by 2030.
"Data centers are not the problem. They're creating more new jobs than ever before," the BlackRock CEO explained. The scale of investment has created demand for construction workers, physical digital infrastructure, AI compute hardware and energy infrastructure to secure grid power, he said.
BlackRock ve třetím čtvrtletí přilákal 205 mld. USD nového kapitálu, čímž překonal očekávání ve výši 171,9 mld. USD; upravený zisk na akcii vzrostl o 38 % na 15,93 USD.
Výsledková sezona je už v plném proudu, přičemž dnes přišel na řadu největší světový správce aktiv BlackRock. A podobně jako včera hlavní americké banky překonal v ziskovosti a tržbách za třetí čtvrtletí očekávání Wall Street.
Upravený zisk na akcii vzrostl ve třetím kvartálu oproti loňsku o 38 procent na 15,93 dolaru, což bylo výrazně nad odhadem analytiků ve výši 14,12 dolaru. Nad očekávání dopadly také tržby, jež stouply meziročně o 19 procent na 7,75 mld. USD při konsenzu 7,52 mld. USD.
Společnost také překvapila tím, že přilákala nový kapitál v objemu 205 miliard dolarů, zatímco trh čekal „jen“ 171,9 mld. USD. Celkový objem spravovaných aktiv pak dosáhl rekordních 15,49 bilionu dolarů, a ačkoliv se jedná meziročně o 15procentní růst, tak očekávání zde byla ještě trochu výše (15,67 bil. USD).
Do burzovně obchodovaných fondů (ETF) evidoval BlackRock ve třetím čtvrtletí čistý příliv 135 miliard dolarů, dalších 66 mld. USD do aktivně spravovaných fondů.
„Poptávka po kapitálu v globální ekonomice roste a BlackRock se stále více stává centrem, prostřednictvím kterého je tento kapitál alokován a spravován,“ uvedl generální ředitel Larry Fink.
Fondy peněžního trhu a hotovostní produkty zaznamenaly čistý příliv 31 mld. USD. Dlouhodobé investiční fondy přilákaly 175 mld. USD, což bylo více než analytiky očekávaných 159 mld. USD.
Společnost v červenci 2025 dokončila akvizici specialisty na alternativní úvěry HPS Investment Partners za 12 miliard dolarů. Šlo o jeden z kroků významné expanze investičního giganta, který před rokem zahájil rozsáhlou transformaci, v jejímž rámci se snaží dohnat lídry na trhu soukromých aktiv, která generují vyšší poplatky. Nejnovější čtvrtletní výsledky jsou tak první, které srovnávací údaje z předchozího roku obsahující výkonnost HPS už zahrnují.
BlackRock se snaží vymanit z kategorie tradičních správců aktiv tím, že zdůrazňuje svůj růst v oblasti soukromých trhů, řízení rizik a technologických analytických nástrojů, které prodává finančním institucím, píše agentura Bloomberg. Přesto investoři dosud zůstávali vůči akciím společnosti relativně zdrženliví - od začátku roku akcie oslabily téměř o dvě procenta, v reakci na výsledky v premarketu ale vykazují růst přibližně o 3,5 procenta.
BlackRock snížil výhled pro americké akcie na neutrální kvůli volatilitě spojené s AI. U krátkodobých amerických státních dluhopisů přešel na nadváženou pozici.
The BlackRock Investment Institute said it had downgraded its view on US stocks to neutral, citing volatility around AI, and upgraded Treasuries, preferring short-term notes.
The move by the research arm of the world's biggest asset manager is a notable signal of caution on US equities and a vote of confidence in Treasuries as a safe haven.
Here are the details:
BlackRock Investment Institute closed a "long-held US equity overweight" view, downgrading to "neutral" "to manage potential volatility around the AI buildout", said Jean Boivin, head of the BlackRock Investment Institute (BII), Rick Reider, BlackRock CIO of fixed income and Wei Li, BlackRock global chief strategist in a note dated October 12.
BII is unwinding a "US Treasury underweight" view held for most of the last six years, with the researchers turning "overweight" at the short end, where they said rate hike expectations were overdone.
BII is turning neutral on longer-dated Treasuries and less negative on Japanese government debt, saying the risk-reward calculation for investing has improved.
Key Takeaways BlackRock is set to report Q3 earnings on Oct. 14, with EPS expected to rise 21.6% y/y.BLK's AUM is expected to jump 16.4% y/y, driven by market appreciation and healthy inflows.BlackRock's revenues are expected to grow 14.5% y/y despite rising costs and fee pressure. BlackRock (BLK - Free Report) is slated to report third-quarter 2026 results on Oct. 14, before the opening bell. Its quarterly revenues and earnings are expected to have improved year over year.
BLK’s second-quarter 2026 adjusted earnings surpassed the Zacks Consensus Estimate. Results benefited from a rise in revenues. The assets under management (AUM) balance witnessed growth to record levels, driven mainly by net inflows and AUM additions from the HPS and ElmTree transactions. However, higher expenses created a headwind.
BlackRock has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 7.3%.
Before we take a look at what our quantitative model predicts for the to-be-reported quarter, let us check the factors that are likely to have impacted BlackRock’s performance.
Key Factors & Q3 Estimates for BLKAUM: BlackRock’s AUM is expected to have benefited from equity market appreciation during the third quarter, supported by continued investor interest in artificial intelligence (AI)-related companies and relatively resilient global equity markets. However, intermittent market volatility and uncertainties surrounding interest rates and geopolitical developments may have moderated gains in certain asset classes.
The company’s industry-leading iShares exchange-traded fund (ETF) franchise is likely to have continued attracting healthy inflows, supported by sustained investor demand for low-cost, diversified investment products. Continued demand for fixed-income ETFs, active investment strategies and cash-management solutions is also expected to have supported organic AUM growth.
Additionally, BlackRock’s expanding private-markets platform may have contributed to asset growth, although the timing of institutional allocations and fundraising activity could have influenced quarterly flows.
Nevertheless, fluctuations in foreign-exchange rates, market volatility and institutional portfolio rebalancing may have affected overall AUM growth to some extent.
The Zacks Consensus Estimate for BLK’s total AUM for the third quarter is pegged at $15.67 trillion, indicating a year-over-year jump of 16.4%.
Revenue Components: BlackRock is expected to have recorded growth in its investment advisory, administration fees and securities-lending revenues on decent inflows and latest offerings. The consensus estimate for the metric is $6.02 billion, implying a 19.2% year-over-year rise.
The consensus estimate for distribution fees of $415 million indicates a year-over-year rise of 16.9%. The consensus estimate for technology services revenues is pegged at $583 million, implying a 13.2% rally.
The Zacks Consensus Estimate for advisory and other revenues is pegged at $85 million, which indicates a year-over-year rise of 10.4%.
However, the Zacks Consensus Estimate for investment advisory performance fees is pegged at $412 million, suggesting a 20.2% year-over-year decline.
Expenses: BlackRock’s expenses have been elevated over the past few years. Overall costs are expected to have increased in the third quarter, given that the company has been continuing its restructuring initiatives to modify the size and shape of its workforce and improve operating efficiency. Also, its inorganic expansion efforts are likely to have increased expenses.
What Our Model Unveils for BlackRockAccording to our quantitative model, the chances of BLK beating the Zacks Consensus Estimate for earnings this time are low. This is because it does not have the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better.
You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for BlackRock is -0.45%.
Zacks Rank: The company currently carries a Zacks Rank #3.
The Zacks Consensus Estimate for BLK’s third-quarter earnings of $14.04 per share has been revised lower over the past seven days. The estimate indicates a 21.6% increase from the year-ago quarter’s reported number.
The consensus estimate for quarterly sales is pegged at $7.45 billion, which suggests a year-over-year rise of 14.5%.
Finance Stocks Worth a LookHere are a couple of finance stocks, which, per our model, have the right combination of elements to post an earnings beat in their upcoming releases:
State Street (STT - Free Report) is scheduled to announce third-quarter 2026 results on Oct. 14. The company has a Zacks Rank #3 and an Earnings ESP of +0.58% at present.
Quarterly earnings estimates for State Street have been revised upward to $3.64 over the past week.
The Earnings ESP for Prosperity Bancshares, Inc. (PB - Free Report) is +0.22% and it carries a Zacks Rank #3 at present. The company is slated to report third-quarter 2026 results on Oct. 28. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Over the past seven days, the Zacks Consensus Estimate for PB’s quarterly earnings has been revised lower to $1.63 per share.
Key Takeaways BlackRock's record AUM and strategic acquisitions are expanding growth opportunities across key markets.BLK expects strong earnings growth as demand rises for private markets, ETFs and technology solutions.Rising expenses and a premium valuation could weigh on profitability and limit near-term upside. BlackRock, Inc. (BLK - Free Report) shares have risen 6.8% over the past six months, marginally outperforming the industry’s 6.3% growth. In the same period, the S&P 500 has gained 15.1%.
BLK has fared better than its peer, KKR & Co. Inc. (KKR - Free Report) , but trailed Franklin Templeton, Inc. (BEN - Free Report) during the same time period. Over the past six months, shares of KKR & Co. have declined 3.4%, while Franklin Templeton jumped 29.7%.
6-Month Price Performance
Image Source: Zacks Investment Research
Does BLK stock have more upside left despite recent price strength? Let us find out by looking at its fundamentals and growth prospects.
Key Factors Supporting BlackRockStrategic Acquisitions Expand Growth Opportunities: BlackRock continues to strengthen its competitive position through strategic acquisitions that broaden its capabilities across private markets, technology and investment solutions. The acquisitions of Global Infrastructure Partners (GIP), HPS Investment Partners, Preqin, ElmTree Funds and SpiderRock have expanded the company’s presence in infrastructure, private credit, alternative assets, data analytics and customized wealth solutions while complementing the Aladdin technology ecosystem. Management noted that the integration of GIP, HPS and Preqin is progressing ahead of plan, supporting the company’s 2030 growth strategy. The acquired businesses are already contributing to fundraising, higher-margin revenue streams, technology adoption and cross-selling opportunities across BlackRock’s global client base.
Record AUM And Diversification Support Revenue Growth: BlackRock’s broad product mix and consistently rising assets under management (AUM) provide a solid foundation for sustained top-line growth. AUM increased at a 10.1% compound annual growth rate (CAGR) from 2020 through 2025, supported by market appreciation, client inflows and strategic acquisitions. This momentum continued in 2026, with AUM reaching a record $15.3 trillion as of June 30, 2026.
AUM Mix as of June 30, 2026
Image Source: BlackRock, Inc.
Demand remains strong across iShares ETFs, active strategies, private markets, retirement solutions and technology services. The integration of HPS, GIP and Preqin with Aladdin and eFront is further expanding BlackRock’s private-markets ecosystem and cross-selling potential. Total GAAP revenues increased at an 8.4% CAGR over the five years ended 2025, with the uptrend continuing in the first half of 2026.
Sales Estimates
Image Source: Zacks Investment Research
Capital Returns Strengthen Shareholder Value: BlackRock’s commitment to returning capital to shareholders adds to its investment appeal. The company has a long track record of dividend growth, with its latest increase announced in January 2026. Its board authorized an additional 7 million shares under the existing repurchase program. Management raised its 2026 quarterly buyback target to at least $550 million and expects to return more than $5.7 billion to shareholders through dividends and buybacks, up 16% from 2025.
BlackRock’s Share Repurchases
Image Source: BlackRock, Inc.
Record AUM, resilient organic base fee growth, increasing demand for private markets, ETFs and technology solutions and continued margin expansion should support long-term shareholder value creation.
What Could Weigh on BlackRock’s PerformanceBlackRock faces rising expenses while its expanding global footprint exposes it to a range of external risks. Total expenses increased at a 10.3% CAGR over the five years ended 2025, driven by higher employee compensation, general and administrative (G&A) costs and acquisition-related expenses. The pressure continued in the first half of 2026. Although management expects 2026 G&A expenses, excluding HPS and Preqin, to increase at a mid-single-digit rate, continued investments in private markets, technology, artificial intelligence and business expansion could keep the expense base elevated and limit operating leverage if revenue growth moderates.
BlackRock’s Total Expenses Trend
Image Source: Zacks Investment Research
At the same time, nearly 40% of AUM is managed for clients domiciled outside the United States, increasing sensitivity to foreign exchange movements, regulatory changes, geopolitical uncertainty and regional economic slowdowns. Adverse global conditions or currency volatility could weigh on asset values, client activity and net inflows, creating additional pressure on BlackRock’s revenue growth and profitability.
BLK’s Earnings & Valuation AnalysisAnalysts are bullish on BlackRock’s prospects. The Zacks Consensus Estimate for earnings is $55.73 for 2026 and $64.41 for 2027, up from $48.09 in 2025, suggesting continued growth. Record AUM, resilient organic base fee growth, increasing demand for private markets, ETFs and technology solutions, and continued margin expansion are expected to support sustained earnings growth.
Earnings Estimates
Image Source: Zacks Investment Research
In terms of its valuation, BlackRock stock is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 17.06X, compared with the industry average of 13.28X. This indicates that BLK is currently trading at a premium to its industry.
Price-to-Earnings F12M
Image Source: Zacks Investment Research
BlackRock trades at a premium compared with both Franklin Templeton and KKR & Co. At present, Franklin Templeton and KKR & Co. trade at a forward 12-month P/E of 10.11X and 13.47X, respectively.
Parting Thoughts on BlackRockBlackRock appears well positioned for long-term growth, supported by record AUM, strategic buyouts, diversified product offerings and strong demand for private markets, ETFs and technology solutions. The integration of GIP, HPS Investment Partners and Preqin is expanding its private-markets capabilities, cross-selling opportunities and higher-margin revenue streams, while continued organic base fee growth and capital returns should support shareholder value.
Although rising expenses, international exposure and sensitivity to foreign exchange, regulatory and geopolitical risks could weigh on profitability, BlackRock’s scale, diversified platform and expanding AUM provide a solid foundation for earnings growth. Also, its premium valuation limits near-term upside.
Currently, BLK stock carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
BlackRock během čtyř burzovních dnů do 6. října zvýšil své kryptoměnové portfolio o 291,7 milionu USD: IBIT nakoupil BTC v hodnotě 545,57 milionu USD, zatímco ETHA prodal ETH v hodnotě 253,87 milionu USD.
Even though the cryptocurrency market saw choppy consolidation during the first week of October 2026, BlackRock Inc.’s (NYSE: BLK) crypto portfolio added more than $291 million.
BlackRock’s crypto portfolio surged by $291.7 million during the past four exchange-trading days through October 6, according to data Finbold analyzed from SoSoValue on October 7.
BlackRock’s iShares Bitcoin Trust (IBIT) purchased Bitcoin (BTC) worth $545.57 million between October 1 and 6. As such, IBIT increased its net assets to $9.62 billion.
BlackRock’s IBIT daily cash flow. Source: SoSoValue BlackRock’s iShares Ethereum Trust ETF (ETHA) divested Ethereum (ETH) valued at $253.87 million over the past four exchange-trading days. On October 6, ETHA’s net assets dropped by approximately $201.89 million, its largest single-day decline since January 21.
BlackRock’s IBIT daily cash flow. Source: SoSoValue As such, BlackRock’s ETHA held 3,656,389.78 Ethereum, currently worth over $9.8 billion, as per its official website.
Bitcoin and Ethereum price action amid BlackRock’s transfers As this fund manager accumulated over 4,000 Bitcoin during the past four days, BTC price climbed roughly 1.13%, trading at about $83,960 at the time of writing. Consequently, Bitcoin had a market capitalization of about $1.7 trillion.
BTC price performance for the past 7 days. Source: Finbold On the other hand, Ethereum’s price had fallen by over 3% at the time of reporting, retesting $2,597. This altcoin has a market cap of $314.7 billion.
Ethereum price performance for the past 7 days. Source: Finbold During the past 24 hours, Ethereum’s trading volume surged by over 70% to $18.2 billion as per metrics from CoinMarketCap.
As a result, BlackRock’s Bitcoin and Ethereum transfers over the past four exchange-trading days influenced their price performance over the last seven days.
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BlackRock za poslední čtyři týdny oslabil, ale trh čeká, zda mu výsledky 14. října pomohou k obratu. Analytici odhadují výnosy 7,55 miliardy USD a EPS 14,25 USD.
BlackRock's stock has slumped over the past four weeks, mirroring the performance of other private credit players such as Blue Owl, Apollo Global, and Blackstone. The shares peaked at $1,180 in August and have since fallen by nearly 10% from that high. Despite the pullback, the company's strong fundamentals could support a rebound.
BlackRock has grown into the biggest asset manager in the world with over $15.3 trillion in assets under management. Its growth has accelerated in the past few years since crossing the $10 trillion milestone in 2021.
Part of this growth was because of its large acquisitions, including Global Infrastructure Partners (GIP), HPS, and ElmTree Funds. Its HPS buyout made it a big player in the private credit industry, where it has over $197 billion in assets.
The buyout, however, happened as investors were souring on the private credit industry as interest rates soared. For example, investors in a fund with $23 billion in assets pulled about 11.5% in the third quarter. On the positive side, there are signs that the redemption trend is easing.
The last earnings report showed that its revenue growth was accelerating. It added over $868 billion in net inflows in the previous 12 months. Its first half of the year had over $321 billion in inflows, driven by ETFs, private markets, and fixed income.
This growth pushed its revenue and profits higher. Total revenue rose by 31% to $7.05 billion, while its operating income soared by 42% to $2.4 billion. These numbers mean that BlackRock is still a growth company despite being in the business for years.
The next important catalyst for BlackRock's stock price will be its upcoming earnings, which will come out on October 14th.
Analysts believe the results will show that its growth continued in the third quarter. In this case, the revenue is expected to come in at $7.55 billion, up by 16% from a year earlier.
The earnings-per-share is also expected to jump from $11.55 to $14.25. Historically, BlackRock has always done better than expected, meaning that its revenue will likely be better than expected.
BlackRock has also become relatively undervalued, with the forward price-to-earnings ratio moving to 18.8, lower than the S&P 500 average of 19. These reasons explain why analysts are largely bullish on the company, with the average estimate being $1,304, up by 22% from the current level.
BLK stock chart | Source: TradingView
The daily chart shows that BLK stock formed a double-top pattern at $1,180 and a neckline at $1,133. This pattern often leads to a bearish reversal, which explains why it slumped to $1,017.
The stock has held steady above the 200-day Exponential Moving Average (EMA) and is along the 38.2% Fibonacci Retracement level. It has formed a falling wedge pattern, which is made up of two falling and converging trendlines.
Therefore, the stock will likely have a bullish breakout, potentially to the key resistance level of $1,150.
BlackRock podal žádost u SEC o přidání ETF podílů k pěti aktivním podílovým fondům s téměř 55 miliardami USD v majetku. Zahrnují strategie s high-yield dluhopisy, dividendovými akciemi a municipálními dluhopisy.
BlackRock, Inc. (BLK) wants to give investors a new way to own five of its active mutual funds: as ETFs.
Key Takeaways:
Five BlackRock active mutual funds holding nearly $55 billion in combined assets could soon gain ETF share classes.
High-yield bonds, dividend-paying stocks and municipal debt make up the strategies covered in the filing.
iShares, the ETF arm behind the effort, ranks as the third-largest active ETF issuer globally.
In a Tuesday press release, the asset manager said it filed with the Securities and Exchange Commission to add ETF share classes to the funds. Together, the five strategies held nearly $55 billion in assets as of Aug. 31.
BlackRock said the move comes as ETFs have become a preferred vehicle for investors. Each proposed ETF share class would trade on an exchange but invest in the same portfolio as the mutual fund. Existing shareholders would not have to move their investments.
Mutual funds price once a day after markets close, while ETFs trade throughout the day like stocks. ETFs also tend to distribute fewer taxable capital gains to shareholders.
See more: Northern Trust to Convert $33 Billion in Mutual Funds to ETFs
“Investors increasingly want to access investments through the vehicle that best fits their needs and preferences,” said Elise Terry, co-head of the Americas for global product solutions and head of Americas iShares at BlackRock.
iShares, BlackRock’s ETF business, has more than 20 years of experience running ETFs, according to the release. It is also the third-largest active ETF issuer globally, with nearly $190 billion in assets as of Aug. 31.
What’s Inside the Five BlackRock Funds
Factsheets for each fund’s institutional shares, as of June 30, show what the proposed ETF share classes would hold. At $27.4 billion, the BlackRock High Yield Portfolio (BHYIX) is the largest of the five. It invests mainly in high-yield bonds, which pay more interest because their issuers carry lower credit ratings.
BHYIX carried a 30-day SEC yield of 6.19%, a standard measure of recent income after expenses, per the factsheet. Its largest position was an ETF: the iShares Broad USD High Yield Corporate Bond ETF (USHY), at 3.58%.
On the stock side, the BlackRock Equity Dividend Fund (MADVX) has $20.3 billion in assets, according to its factsheet. It targets high-quality, mostly U.S. companies that pay dividends and could raise them over time.
Information technology led the portfolio at 16.32%, followed by health care at 15.62% and financials at 15.15%, per the factsheet.
Municipal bonds, which states and cities issue to fund local projects, make up the rest of the lineup. Their interest is generally free from federal income tax.
The BlackRock Strategic Municipal Opportunities Fund (MAMTX) invests nationwide, with $3.4 billion spread across 561 holdings, per its factsheet.
Two others focus on a single state. The BlackRock California Municipal Opportunities Fund (MACMX) held 87.25% of its $2.5 billion portfolio in California bonds, per its factsheet.
The BlackRock New York Municipal Opportunities Fund (MANKX) goes further, keeping 93.92% of its portfolio in New York bonds. At $1.1 billion, it is also the smallest of the five, according to its factsheet.
Four of the five funds launched between 1985 and 1987, according to their factsheets. That was years before the first U.S.-listed ETF, the SPDR S&P 500 ETF Trust (SPY), began trading in January 1993.
For more news, information, and analysis, visit the Fixed Income Content Hub.
BlackRock během pěti obchodních dnů nakoupil Bitcoin a Ethereum za 1,5104 miliardy USD přes své spotové krypto ETF. IBIT držel Bitcoin za 67,25 miliardy USD.
Although the crypto market capitalization surged by more than $260 billion between September 17, 2026, and September 24, BlackRock Inc. (NYSE: BLK) has accelerated its cryptocurrency acquisition, with over $1.5 billion during the same period.
Over the past five stock-trading days, BlackRock’s three cryptocurrency spot exchange-traded funds (ETFs) – including iShares Bitcoin Trust (IBIT), iShares Ethereum Trust ETF (ETHA), and iShares Staked Ethereum Trust ETF (ETHB) – purchased Ethereum (ETH) and Bitcoin (BTC) worth $1.5104 billion, according to data from SoSoValue.
BlackRock’s IBIT recorded a net cash inflow of $1.190 billion over the past seven days. As such, IBIT held Bitcoin worth $67.25 billion at the time of writing.
BlackRock’s IBIT daily cash flows. Source: SoSoValue The firm’s ETHA has registered a net purchase of $320.45 million since last Thursday. As a result, BlackRock’s ETHA has $9.74 billion in net assets at the time of reporting.
BlackRock’s ETHA daily cash flows. Source: SoSoValue Meanwhile, ETHB attracted $15.64 million in net cash inflows over the past seven days, thereby $1.15 billion in net assets.
BlackRock’s ETHB daily cash flows. Source: SoSoValue At the time of publication, BlackRock’s cryptocurrency ETF held assets amounting to $78.14 billion.
BlackRock leads institutions in purchasing Bitcoin and Ethereum This firm has led other spot Bitcoin and Ethereum ETF issuers in cryptocurrency accumulation over the past few days. During this period, U.S. spot BTC ETFs saw a net cash inflow of $2.653 billion, increasing their total assets to $108.66 billion.
Spot BTC ETF daily cash flows. Source: SoSoValue Meanwhile, the U.S. spot ETH ETFs recorded a net cash inflow of $680.72 million since last Thursday. These funds have since raised their net assets to $17.5 billion.
Spot ETH ETF daily cash flows. Source: SoSoValue Consequently, BlackRock led other spot crypto ETF issuers in accumulating Bitcoin and Ethereum over the past five days.
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Konsorcium kolem BlackRock a IFM vede exkluzivní jednání o koupi asijského datacentrového portfolia Stack Infrastructure až za 25 miliard USD. Dohoda zatím není jistá.
A consortium backed by BlackRock (BLK.N) and IFM Investors is in exclusive talks to buy Stack Infrastructure's Asia Pacific data center portfolio for up to $25 billion, Bloomberg News reported on Thursday, citing people familiar with the matter.
Global investors have been pouring money into Asia's booming data center sector, driven by rising demand for cloud computing, AI and digital services.
The investor group, which includes the BlackRock-backed Artificial Intelligence Infrastructure Partnership (AIP) and IFM, is preparing to conduct due diligence on the assets and hopes to reach an agreement soon with Stack's owner, Blue Owl Capital (OWL.N), the report said.
Bloomberg reported in May that Stack was considering its options, including a sale of its Asia operations in a deal valued at more than $30 billion, and in June that IFM and AIP were among potential bidders.
Denver-based Stack operates data centers across key Asia-Pacific markets including Tokyo, Osaka, Sydney and Melbourne, according to its website.
Deliberations are ongoing, and talks could be prolonged or fail to result in a deal, the report added.
Reuters could not immediately verify the report. BlackRock, IFM Investors, Stack Infrastructure and Artificial Intelligence Infrastructure Partnership did not immediately respond to a request for comment.
AIP, launched in late 2024 with plans to initially invest more than $30 billion in AI-related projects, is among the world's largest investment vehicles focused on data centers and energy facilities needed to power AI applications. Nvidia, xAI, Microsoft, and investment firm MGX are also investors in the partnership.
BlackRock Inc. (NYSE: BLK) has bought cryptocurrency – via its spot exchange-traded funds (ETFs): iShares Bitcoin Trust (IBIT), iShares Ethereum Trust ETF (ETHA), and iShares Staked Ethereum Trust ETF (ETHB) – valued at $843.78 million over the past 20 days.
BlackRock’s IBIT has net-purchased Bitcoin (BTC) worth $434.11 million between August 20, 2026, and September 16, according to data from SoSoValue, which Finbold analyzed on September 17. During this period, IBIT saw five days of cash inflows and eight days of outflows.
IBIT daily cash flow for the past 20 days. Source: SoSoValue As such, BlackRock held 782,623.424 BTC, valued at $59.28 billion at the time of writing, according to its official updates.
Over the past three weeks, BlackRock’s ETHA net-loaded Ethereum (ETH) has been valued at $222.92 million. As a result, ETHA has 3,527,868.675 ETH, roughly $8.46 billion at the time of reporting, as per the latest post.
ETHA daily cash flow for the past 20 days. Source: SoSoValue Over the past 20 days, BlackRock’s ETHB has net-accumulated $186.7 million. Consequently, this spot ETF increased its assets to 336,809.15 ETH, valued at $1.02 billion at the time of publication.
ETHB daily cash flow for the past 20 days. Source: SoSoValue Cumulatively, BlackRock’s Ethereum ETF holds 3,864,677.825 ETH.
Bitcoin and Ethereum price performance amid BlackRock’s purchases Both Bitcoin and Ethereum prices have been trapped in a choppy consolidation over the past 20 days, despite BlackRock’s shopping spree. Nonetheless, Bitcoin price has risen 18.89% during the last 30 days, trading at $76,260 at press time.
BTC/USD 30-day chart. Source: Finbold Meanwhile, Ethereum price has gained 28.20% during this period, trading at $2,430 on Thursday.
ETH/USD 30-day chart. Source: Finbold If BlackRock continues to net purchase, the recently established uptrend could gain momentum.
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California State Teachers Retirement System ve 2. čtvrtletí navýšil podíl ve společnosti BlackRock o 96 671,4 % a držel 213 813 443 akcií v hodnotě 205,6 mld. USD. BlackRock zároveň vykázal za čtvrtletí EPS 13,91 USD a tržby 7,08 mld. USD, obojí nad odhady.
California State Teachers Retirement System grew its position in shares of BlackRock (NYSE:BLK – Free Report) by 96,671.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 213,813,443 shares of the asset manager’s stock after purchasing an additional 213,592,496 shares during the quarter. California State Teachers Retirement System owned approximately 138.06% of BlackRock worth $205,594,454,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Evolution Wealth Management Inc. purchased a new stake in BlackRock in the fourth quarter worth approximately $26,000. RMG Wealth Management LLC purchased a new position in shares of BlackRock during the first quarter worth approximately $25,000. Addison Advisors LLC purchased a new position in shares of BlackRock during the second quarter worth approximately $25,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of BlackRock in the 2nd quarter worth approximately $25,000. Finally, Birchbrook Inc. purchased a new stake in shares of BlackRock in the 4th quarter valued at $31,000. 80.69% of the stock is owned by hedge funds and other institutional investors.
BlackRock News Roundup Here are the key news stories impacting BlackRock this week:
Positive Sentiment: BlackRock’s iShares Bitcoin Trust (IBIT) attracted approximately $454 million in a single day, accounting for most of the $731 million flowing into U.S. spot Bitcoin ETFs. Continued institutional demand could increase BlackRock’s digital-asset assets under management and fee revenue. Bitcoin Spot ETFs See Huge Inflows as BlackRock Takes Lead Positive Sentiment: An updated valuation model raised BlackRock’s estimated fair value to $1,320.81 per share from $1,314.44, reinforcing the view that the company’s earnings beat, inflows and margins support additional upside. BlackRock Stock Gets Fair Value Bump Positive Sentiment: BlackRock is seeking to allocate roughly 5% to 20% of target-date funds to private assets, potentially opening a large distribution channel for private equity and private credit products. BlackRock Wants Private Assets in Target-Date Funds Positive Sentiment: BlackRock’s support for corporate reincorporation in Texas and its broader tokenization expansion through Securitize could strengthen its positioning in business-friendly and digital-finance markets. BlackRock Casts a Vote of Confidence in Texas Wall Street Analyst Weigh In BLK has been the topic of several recent research reports. BMO Capital Markets increased their target price on shares of BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Evercore reissued an “outperform” rating and issued a $1,260.00 price target on shares of BlackRock in a research note on Monday, August 10th. Keefe, Bruyette & Woods lowered shares of BlackRock from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 7th. UBS Group raised their price objective on BlackRock from $1,270.00 to $1,320.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings downgraded BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,311.06. Get Our Latest Stock Analysis on BLK
BlackRock Stock Down 0.0% Shares of NYSE BLK opened at $1,121.85 on Monday. The firm’s fifty day moving average is $1,092.75 and its 200 day moving average is $1,049.23. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33. The company has a market cap of $173.74 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 1.24 and a beta of 1.41.
BlackRock (NYSE:BLK – Get Free Report) last announced its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, beating the consensus estimate of $12.69 by $1.22. The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The firm’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $12.05 EPS. On average, equities research analysts expect that BlackRock will post 55.86 earnings per share for the current year.
BlackRock Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be paid a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 8th. BlackRock’s dividend payout ratio is 54.78%.
About BlackRock (Free Report)
BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.
In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.
Further Reading Five stocks we like better than BlackRock AI Token Costs Are Changing the Hardware vs. Software Debate 3 ETFs That Could Move as Rate Expectations Shift 3 Stocks With September Catalysts Investors Shouldn’t Ignore Ollie’s Bargain Outlet Stock Falls on Weak Comps Despite Margin Gains Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock (NYSE:BLK – Free Report).
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Your employer's 401(k) plan could soon have a brand-new, never-before-offered kind of investment option -- funds that hold a healthy dose of privately owned (as opposed to publicly traded) businesses.
That's the important takeaway from an announcement by investment manager BlackRock (BLK +1.72%) around the middle of this year. As the stock market's risks rise and its rewards shrink -- and as it grows more difficult to navigate -- BlackRock wants to give ordinary investors access to potentially better returns.
Here's what you need to know.
The how and why Your retirement savings account's exposure to privately held businesses will still be relatively limited, for the record. Initially, only target-date mutual funds overseen by Great Gray Trust will hold stakes in these enterprises, and even then, only 5% to 20% of these funds' capital will be allocated to private investments. And investors will only be able to access this narrow selection of target-date funds if their 401(k) plan's sponsor and administrator agree that adding this option is in employees' best interest.
Image source: Getty Images.
It shouldn't be terribly difficult to sell this idea to sponsors and administrators, however. BlackRock (which manages the iShares family of exchange-traded funds) notes that, on average, privately owned ventures return about 50 more basis points annually than stocks. Over the course of 40 years, that would make 401(k) account balances about 15% bigger than they'd otherwise be using nothing but conventional stock-based funds.
Demand is growing Although this launch will be one of the first of its kind for 401(k) plans, access to private enterprises through publicly traded instruments is not unheard of. Business development companies like Main Street Capital (MAIN +0.35%) are a form of private equity and private credit, while Brookfield Asset Management's (BAM +1.25%) Brookfield Renewable Partners (BEP +0.23%) (BEPC +0.38%) offers its shareholders exposure to a basket of energy-related ventures that aren't accessible any other way. Hedge fund manager Bill Ackman is also planning a new venture fund that will offer ordinary, non-institutional investors access to companies that have not yet gone public, but eventually will.
Still, these options remain relatively rare.
That's clearly changing, though. Perhaps finally prompted by the recent initial public offering of Space Exploration Technologies -- you know it better as SpaceX -- which has made its earliest insiders considerably wealthier than its post-IPO investors, more people are clamoring for alternatives capable of delivering better returns. BlackRock's and Great Gray's offering will certainly bring that prospect to the table.
That said, it would also be naïve to ignore the fact that the stock market as a whole has become uncomfortably unbalanced. The S&P 500's 10 biggest companies collectively account for nearly 40% of its value, while nearly as much of the index's value is held by technology stocks. If only for the sake of better diversification, access to alternative investments (private or otherwise) have their obvious appeal.
Look for more of the same Only time will tell how quickly BlackRock's concept becomes a common option for 401(k) plans. Don't be surprised to see measurable interest, though. In this same vein, don't be surprised to see other outfits introduce similar private investment offerings now that BlackRock is pushing the boundaries of the premise.
James Brumley has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends BlackRock and Brookfield Asset Management. The Motley Fool recommends Brookfield Renewable and Brookfield Renewable Partners. The Motley Fool has a disclosure policy.
Bývalý manažer BlackRock Neal Dignum žaluje firmu o 12 milionů USD kvůli nevyplacenému carried interest. Spor může odhalit i její tajnou strukturu odměňování.
BlackRock is facing a new lawsuit alleging it stiffed a former worker out of $12.4 million – and the case could force the asset manager to reveal its secretive pay package structure, The Post has learned.
Neal Dignum, a former director in BlackRock’s Long Term Private Capital fund, is accusing BlackRock of failing to pay a single cent of the carried interest it promised him as part of his pay package, according to documents filed in New York State Supreme Court Monday.
During his time at the company, from November 2021 to February 2023, BlackRock deliberately never put pen to paper to create a promised compensation agreement with Dignum, his lawyers alleged.
BlackRock is facing a new lawsuit alleging it stiffed a former worker out of $12 million. AP “Mr. Dignum has for years now been deprived of the compensation BlackRock promised to pay him,” Lauren Zimmerman, partner at Benesch Friedlander Coplan & Aronoff LLP, told The Post in a statement.
“BlackRock decided it did not want to keep its end of the bargain it struck, even after aggressively courting my client for months. We look forward to fully and openly vindicating his rights in Court.”
BlackRock did not immediately respond to The Post’s request for comment.
The complaint in the case contains an offer letter and a term sheet from BlackRock that broke down the details of the carried interest the firm promised to pay him, “as a means of inducing him to accept the Firm’s offer,” according to a memorandum.
Carried interest is a share of an investment fund’s profits that is typically paid to hedge fund managers as a performance incentive.
It often makes up the bulk of their salary, accounting for at least 84% of managing partners’ total compensation on average, according to a 2021 survey by Heidrick & Struggles. Among partners at larger firms, that share can jump to well over 90%.
The complaint is currently sealed because Dignum fears BlackRock will file a retaliatory counterclaim against him, citing the firm’s “signature aggression,” since he signed a stringent NDA as part of his employment agreement, court filings alleged.
BlackRock, which is based in New York City, is the world’s largest asset manager with over $15.3 trillion in assets under management. AP BlackRock’s employee NDA is “extremely broad in scope,” his lawyers argued in the filing.
Dignum wants the details of his lawsuit to be made public, so he is requesting BlackRock be ordered to come to court if it wants anything permanently sealed or redacted, the memorandum said.
To keep the complaint permanently sealed from the public, BlackRock would need to argue that it contains “trade secrets, confidential business information, or proprietary information,” the filing said – and if it fails to do so, its compensation structure could be revealed in court.
BlackRock has been in possession of a draft of Dignum’s complaint for nearly three months and has yet to respond in any way, the filings alleged.
The sealed complaint also contains information about “the approximate growth of the LTPC fund during Mr. Dignum’s tenure,” the filing said. The fund began winding down in 2024, so the details should not be held from the public, it argued.
BlackRock, which is based in New York City, is the world’s largest asset manager with over $15.3 trillion in assets under management.
Beacon Pointe Advisors LLC ve 2. čtvrtletí nakoupila nový podíl v BlackRock: 13 227 akcií za zhruba 12,719 mil. USD. BlackRock zároveň oznámila čtvrtletní dividendu 5,73 USD na akcii.
Beacon Pointe Advisors LLC purchased a new stake in BlackRock (NYSE:BLK – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,227 shares of the asset manager’s stock, valued at approximately $12,719,000.
Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in BlackRock by 23.1% during the fourth quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock worth $1,615,000 after purchasing an additional 296 shares during the period. Bison Wealth LLC lifted its position in BlackRock by 1.6% in the fourth quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock valued at $1,078,000 after buying an additional 17 shares during the last quarter. Schnieders Capital Management LLC. purchased a new position in BlackRock during the second quarter worth about $259,000. Nebula Research & Development LLC acquired a new position in BlackRock during the 2nd quarter worth about $548,000. Finally, Osterweis Capital Management Inc. acquired a new position in BlackRock during the 2nd quarter worth about $98,000. 80.69% of the stock is owned by hedge funds and other institutional investors.
BlackRock Price Performance Shares of NYSE:BLK opened at $1,162.58 on Friday. The business’s fifty day moving average price is $1,079.72 and its two-hundred day moving average price is $1,047.58. The stock has a market cap of $180.05 billion, a PE ratio of 27.79, a price-to-earnings-growth ratio of 1.29 and a beta of 1.42. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.59 and a current ratio of 3.59. BlackRock has a one year low of $917.39 and a one year high of $1,219.94.
BlackRock (NYSE:BLK – Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, topping analysts’ consensus estimates of $12.69 by $1.22. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The business had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the previous year, the firm posted $12.05 earnings per share. The company’s quarterly revenue was up 30.6% compared to the same quarter last year. On average, analysts forecast that BlackRock will post 55.86 EPS for the current fiscal year. BlackRock Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be issued a $5.73 dividend. This represents a $22.92 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, September 8th. BlackRock’s dividend payout ratio is currently 54.78%.
Analyst Ratings Changes BLK has been the topic of a number of analyst reports. Bank of America raised their price objective on shares of BlackRock from $1,298.00 to $1,320.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Keefe, Bruyette & Woods lowered BlackRock from a “moderate buy” rating to a “hold” rating in a report on Friday, August 7th. Barclays raised their price target on BlackRock from $1,340.00 to $1,450.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. raised shares of BlackRock from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $1,165.00 to $1,364.00 in a report on Thursday, July 16th. Finally, UBS Group increased their price objective on BlackRock from $1,270.00 to $1,320.00 and gave the company a “buy” rating in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,311.06.
View Our Latest Analysis on BlackRock
Key BlackRock News Here are the key news stories impacting BlackRock this week:
Positive Sentiment: BlackRock’s cryptocurrency portfolio reportedly gained more than $15 billion in August, while the firm purchased more than $3.1 billion of Bitcoin and Ethereum-linked assets over eight days. Rising crypto prices and strong inflows into BlackRock’s iShares Bitcoin and Ethereum ETFs could increase fee revenue and reinforce its position in digital-asset investing. BlackRock cryptocurrency portfolio up by over $15 billion so far in August Positive Sentiment: A newer BlackRock ETF is reportedly up 19% this year, outperforming JPMorgan’s popular JEPQ while charging the same fee. Better-performing products may help BlackRock attract assets and expand recurring management fees. BlackRock ETF performance comparison Positive Sentiment: Adroit Trading Technologies announced integration with BlackRock’s Aladdin platform, expanding access to cross-asset execution tools for mutual clients. The agreement supports Aladdin’s reach and could modestly strengthen BlackRock’s technology-related revenue opportunity. Adroit Trading Technologies Aladdin integration Positive Sentiment: BlackRock executives continue to describe Bitcoin as a potential hedge against rising U.S. debt and deficits and say institutional demand is strengthening. This supports the firm’s broader strategy of positioning its ETFs and investment products around digital assets. Neutral Sentiment: BlackRock disclosed a significant stake in QIAGEN (QGEN) through a filing with the Dutch financial regulator. The investment may reflect portfolio-management activity, but it is not expected to have a material near-term effect on BLK earnings. BlackRock stake in QIAGEN Neutral Sentiment: BlackRock participated in Piramal Finance’s heavily oversubscribed Indian share offering, highlighting continued institutional demand for its investment-management capabilities but providing limited direct impact on BLK’s financial results. Neutral Sentiment: BlackRock’s view that the CLARITY Act is less critical for Bitcoin than for other cryptocurrencies suggests the company expects Bitcoin’s institutional adoption to continue even amid regulatory uncertainty. Negative Sentiment: Zacks Research downgraded BlackRock from “strong buy” to “hold,” potentially adding valuation pressure after the stock’s substantial advance and recent proximity to its 52-week high. Negative Sentiment: The Rosen Law Firm announced an investigation into potential securities claims involving BlackRock mutual funds and allegations of misleading business information. The announcement is not a formal finding of wrongdoing, but it creates legal and reputational overhang for investors. Rosen Law Firm BlackRock investigation BlackRock Company Profile (Free Report)
BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.
In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.
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Bank of New York Mellon Corp ve 2. čtvrtletí koupila nový podíl ve společnosti BlackRock za zhruba 796,9 mil. USD a držela 0,53 % firmy. BlackRock zároveň vykázala za čtvrtletí zisk na akcii (EPS) 13,91 USD a výnosy 7,08 mld. USD, obojí nad odhady.
Bank of New York Mellon Corp acquired a new stake in shares of BlackRock (NYSE:BLK – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 828,779 shares of the asset manager’s stock, valued at approximately $796,921,000. Bank of New York Mellon Corp owned 0.53% of BlackRock at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RMG Wealth Management LLC bought a new position in shares of BlackRock in the first quarter worth approximately $25,000. Evolution Wealth Management Inc. bought a new stake in shares of BlackRock during the 4th quarter valued at $26,000. Birchbrook Inc. bought a new stake in shares of BlackRock during the 4th quarter valued at $31,000. LFA Lugano Financial Advisors SA purchased a new position in shares of BlackRock during the 4th quarter valued at $32,000. Finally, Basepoint Wealth LLC purchased a new position in shares of BlackRock during the 4th quarter valued at $32,000. Institutional investors own 80.69% of the company’s stock.
BlackRock News Roundup Here are the key news stories impacting BlackRock this week:
Positive Sentiment: BlackRock’s iShares Bitcoin Trust led a surge in U.S. spot Bitcoin ETF demand, attracting $588.5 million over three days and $284.7 million on Wednesday alone. Sustained inflows could increase BlackRock’s fee-generating assets and support growth in its digital-assets franchise. Bitcoin ETFs Heat Up After Three Days of Heavy Buying Positive Sentiment: BlackRock’s updated research continued to support Bitcoin as a potential portfolio diversifier, citing a possible 1%–2% allocation. A favorable long-term stance may help preserve demand for the iShares Bitcoin Trust despite recent cryptocurrency volatility. BlackRock updates its Bitcoin outlook after historic selloff Positive Sentiment: BlackRock and Oaktree Capital reportedly seized debt-laden movie-servicer MBS through their credit investments. The transaction highlights the scale and potential deployment opportunities of BlackRock’s private-credit platform, although distressed assets carry execution risk. BlackRock, Oaktree Seize Debt-Laden Movie Servicer MBS Neutral Sentiment: BlackRock Canada announced August cash distributions for numerous iShares ETFs, with payments scheduled for August 31 to eligible unitholders. The announcement is routine but reinforces the breadth of BlackRock’s ETF platform and recurring investor engagement. BlackRock Canada Announces August Cash Distributions Neutral Sentiment: BlackRock executives warned that bond-market volatility is spilling into equities, particularly large artificial-intelligence stocks, while highlighting the value of active management. The comments provide market context but do not materially change BLK’s earnings outlook. BlackRock: Markets calm on top line, but volatility under the hood Negative Sentiment: Rosen Law Firm said it is investigating potential securities claims involving BlackRock mutual funds, alleging materially misleading business information. The announcement does not establish wrongdoing, but it adds headline and potential litigation risk for investors. BlackRock Investor News: Rosen Law Firm Investigation Negative Sentiment: BLK underperformed the broader market during the latest session, reflecting investor caution amid market volatility and the legal-investigation headlines. Why BlackRock Dipped More Than the Broader Market Wall Street Analysts Forecast Growth A number of brokerages have issued reports on BLK. Keefe, Bruyette & Woods lowered BlackRock from a “moderate buy” rating to a “hold” rating in a research note on Friday, August 7th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $1,389.00 price objective on shares of BlackRock in a research note on Thursday, July 16th. Evercore reiterated an “outperform” rating and set a $1,260.00 target price on shares of BlackRock in a research report on Monday, August 10th. BMO Capital Markets lifted their target price on BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Finally, UBS Group boosted their price target on BlackRock from $1,270.00 to $1,320.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $1,311.06. View Our Latest Research Report on BlackRock
BlackRock Trading Down 1.6% Shares of BLK stock opened at $1,139.89 on Friday. The company has a market cap of $176.53 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.31 and a beta of 1.42. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. The stock’s 50 day simple moving average is $1,065.22 and its two-hundred day simple moving average is $1,043.44. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,219.94.
BlackRock (NYSE:BLK – Get Free Report) last released its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, beating the consensus estimate of $12.69 by $1.22. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter in the previous year, the company posted $12.05 EPS. The company’s revenue for the quarter was up 30.6% compared to the same quarter last year. Research analysts predict that BlackRock will post 55.63 earnings per share for the current year.
BlackRock Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 8th. BlackRock’s payout ratio is presently 54.78%.
BlackRock Company Profile (Free Report)
BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.
In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.
Featured Articles Five stocks we like better than BlackRock 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock (NYSE:BLK – Free Report).
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In the latest close session, BlackRock (BLK - Free Report) was down 1.65% at $1,139.82. This move lagged the S&P 500's daily loss of 0.87%. Elsewhere, the Dow saw a downswing of 1.32%, while the tech-heavy Nasdaq depreciated by 1%.
Prior to today's trading, shares of the investment firm had gained 9.68% outpaced the Finance sector's gain of 1.32% and the S&P 500's gain of 3.48%.
Analysts and investors alike will be keeping a close eye on the performance of BlackRock in its upcoming earnings disclosure. The company is predicted to post an EPS of $14.24, indicating a 23.29% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $7.44 billion, reflecting a 14.35% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $55.63 per share and revenue of $28.56 billion, which would represent changes of +15.68% and +17.95%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for BlackRock. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, BlackRock possesses a Zacks Rank of #2 (Buy).
Investors should also note BlackRock's current valuation metrics, including its Forward P/E ratio of 20.83. This expresses a premium compared to the average Forward P/E of 12.47 of its industry.
Investors should also note that BLK has a PEG ratio of 1.31 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Financial - Investment Management industry stood at 1.18 at the close of the market yesterday.
The Financial - Investment Management industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 68, placing it within the top 28% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
BlackRock ve 2. čtvrtletí zvýšil výnosy o 31 % na 7 miliard USD a upravený provozní zisk o 42 % na 2,92 miliardy USD. Upravená provozní marže stoupla na 45,9 %, nejvýše za téměř pět let.
In the world of asset management, BlackRock (BLK +1.89%) stands out among the rest. BlackRock ushered in the era of passive investing and exchange-traded funds (ETFs) and has become a powerhouse in financial services, with a staggering $15.3 trillion in assets under management (AUM).
BlackRock continues to evolve and build on its strong foundation, offering a range of products for its diverse clientele. In the process, the company continues to grow its AUM and, more importantly, its profit margins in the competitive financial industry.
Here's what BlackRock's massive scale earns it and why it's well-positioned to continue building on its growth.
Image source: Getty Images.
BlackRock capitalizes on specialized investments to drive strong margin growth
While BlackRock's staggering $15.34 trillion AUM captures attention, the company is seeing strong revenue growth and operational leverage that outpace its impressive asset growth. In the second quarter, AUM increased by 22%, while revenue increased by 31% to $7 billion. Meanwhile, adjusted operating income grew 42% to $2.92 billion, while adjusted operating margin increased from 43.3% to 45.9% -- its highest in nearly five years.
This margin growth is more important because it shows the company isn't focused purely on increasing AUM but on providing in-demand financial products that deliver strong margins. CEO Larry Fink said in the company's release, "The scale and depth of our client relationships globally have never been greater."
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The company's mix has shifted over time as it prioritizes specialized, high-margin vehicles where BlackRock's expertise shines through. For example, private markets and alternative investments account for only 3% of BlackRock's total AUM but contribute 15% of its total base fees.
Broken down by investment styles, BlackRock's active investment strategies, which include equities, fixed income, and alternatives, represent 24% of AUM but generate 42% of its total fees. Over the past year, its institutional active assets have seen inflows of $106 billion, while institutional index assets, which earn significantly lower fees, have seen outflows of $104 billion.
BlackRock's technology platform provides an alternative source of revenue
In addition, technology is a stream of non-market-related revenue that helps serve "sticky" clients and provides recurring revenue. Unlike asset-based fees, which can decline during market downturns, technology revenue offers greater stability.
The company has taken steps in recent years, including integrating Preqin and eFront, allowing its Aladdin technology to incorporate private market data directly into its risk management ecosystem. Subscription revenue was $566 million, up 13% year over year, while annual contract values, which provide insight into future growth, grew by 15%.
BlackRock's massive scale and stellar margins make it a financial stock to own long-term
BlackRock has done an excellent job building its investment platform, and the recent quarter shows it's effectively monetizing its scale. The company has integrated high-margin alternative and active investments along with technology offerings into its platform, diversifying earnings and delivering stellar profit margins.
Following its strong quarter, BlackRock updated its share buyback target to $2 billion. This, coupled with its 2% dividend, shows a company that steadily rewards shareholders over time. For investors seeking exposure to the financial sector, BlackRock is a solid stock to buy today.
Nvidia spolu s Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs a KKR vytváří financovací platformy pro AI infrastrukturu, které mají mobilizovat více než 500 miliard USD soukromého kapitálu. Cílem je financovat datová centra, energii a další AI infrastrukturu mimo rozvahu Nvidie.
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) is partnering with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to build financing platforms aimed at mobilizing more than $500 billion in third-party capital for AI infrastructure.
The agreements, structured as memorandums of understanding, are designed to let outside investors fund the buildout of data centers, power and other AI infrastructure without adding directly to Nvidia's balance sheet.
Under the arrangements, the six financial institutions would help channel capital to independent platforms building AI infrastructure based on Nvidia hardware, rather than Nvidia financing the projects itself.
Shares of Nvidia were up around 1% on Tuesday.
Analysts at BofA called the move a positive first step, noting it shifts the funding burden onto the consortium rather than Nvidia's own balance sheet and marks a pivot away from vendor-financing arrangements.
“For $500 billion of capital to treat compute as an "investable asset class," residual value must hold - and that is exactly what NVDA supplies,” analysts wrote.
“Compute that is fungible and transferable across operators, with CUDA continuously extending useful life, keeps resell/rental rates high and depreciation curves benign. NVDA guarantees asset quality, not the debt - turning the bear's depreciation worry into the enabling feature.”
Wedbush analysts described the financing pool as another mechanism likely to reinforce Nvidia's position.
“We see this fund as another mechanism that likely supports NVDA's leadership and growth away from hyperscalers (with NVDA having characterized this demand as comprising around 50% of its revenue),” Wedbush wrote.
“As such, while we would appreciate incremental details around the exact structure of this new financing vehicle, at first glance we see the news as another positive driver for NVDA sales and earnings momentum.”
BlackRock rozšiřuje správu hotovosti o dva nové tokenizované fondy peněžního trhu: BSTBL a BRSRV. Mají propojit fondy peněžního trhu s blockchainovou infrastrukturou.
BlackRock says it is expanding its cash management strategy with two new tokenized money market products.
The new offerings are dubbed OnChain Shares of the BlackRock Select Treasury Based Liquidity Fund (BSTBL) and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), the investment management giant said in a Monday (Aug. 3) news release.
“Cash remains a foundational building block for investors, corporations, and financial institutions,” said Jon Steel, global head of product and platform for BlackRock’s cash management business. “U.S. money market funds have grown to more than $8.4 trillion in assets as investors continue to prioritize liquidity, capital preservation, and the potential for yield. As demand grows for high-quality reserve assets to support stablecoins and other tokenized financial products, these funds provide clients with additional choice in how they access and use money market fund investment solutions across traditional and digital markets.”
According to the release, the products are designed to combine BlackRock’s money market capabilities with blockchain-based infrastructure while maintaining the liquidity and stability investors expect money market funds to provide.
BlackRock introduced its first tokenized fund issued on a public blockchain, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), in the spring of 2024.
A report on the launch by CoinDesk includes comments BlackRock Chief Financial Officer Martin Small made during a recent earnings call about the company’s ambitions to become the industry’s go-to stablecoin reserve manager.
“We already manage $60 billion of reserves for Circle, representing about a quarter of the $300 billion stablecoin market,” he said. “We see lots of growth ahead in stablecoin and we want to be the reserve manager of choice.”
In other tokenization news, a report last week by the Bank for International Settlements (BIS) noted that real-value testing (RVT) of tokenization of wholesale cross-border payments showed an average time from payment initiation to settlement of about 80 seconds.
The test was conducted Project Agorá, a public-private collaboration exploring tokenization of wholesale cross-border payments, based on a concept initially proposed by BIS.
“RVT marked an important milestone for Project Agorá, demonstrating the feasibility of settling real-value transactions on a multicurrency programmable and shared platform using tokenized reserves and tokenized deposits,” BIS said in the report.
In a report in May, the BIS said Project Agorá created a prototype that showed tokenized commercial bank deposits could be combined with “the trust and safety” of tokenized central bank reserves with a shared platform.
BlackRock ETF IALT přitahuje silné přílivy peněz, přestože je na trhu jen asi sedm měsíců. Alternativní ETF letos získaly téměř 30 miliard USD čistých aktiv.
The iShares Systematic Alternatives Active ETF (NASDAQ:IALT) is BlackRock’s attempt to shove a hedge fund into a ticker symbol, and the reception has been enthusiastic. IALT launched in December 2025 with a mandate to deliver absolute returns using equity market neutral, managed futures, and diversified bond strategies. Money has arrived in bulk before anyone can credibly say whether the machine works.
The Problem IALT Says It Solves The pitch rests on a real portfolio problem. Market concentration in a handful of mega-caps remains extreme, and the traditional inverse correlation between stocks and bonds has weakened, so the 60/40 has partly stopped doing the one job it was hired for. J.P. Morgan’s 2026 outlook puts it flatly, arguing that the traditional stock/bond framework of “60/40” should be reformed to include alternative assets.
IALT is BlackRock’s attempt to be that alternative sleeve in a single ticker. It is actively managed by Jeffrey Rosenberg, a Senior Portfolio Manager at BlackRock Systematic, and uses quantitative models to trade equities, fixed income, commodities, and currencies across developed and emerging markets. The stated goal is a return stream that behaves differently from stocks and bonds, especially when the two move together.
The macro backdrop cooperates with the marketing. The 10-year minus 2-year Treasury spread sits at 0.36%, in the 6th percentile of the past 12 months. Meanwhile, the 10-year Treasury yield has ripped to 4.71%, near its year-to-date high. A flat curve with rising long yields is the exact environment where bond diversification tends to disappoint.
Decoding a Very Strange-Looking Portfolio Pull up IALT on Morningstar, and you will see something that looks like a mistake. Thousands of positions. A majority of the portfolio flagged as cash. A top-10 holdings figure that can display as negative. That is the fingerprint of a long/short book viewed from the outside.
A useful comparison is AGF U.S. Market Neutral Anti-Beta Fund (NYSEARCA:BTAL), which discloses hundreds of paired longs and shorts. Shorts show up as negative dollar values, cash collateralizes the shorts, and net exposure ends up near zero. IALT’s disclosures follow the same logic. When Morningstar shows a negative top-10, that is short exposure netting against longs, which is what a market-neutral strategy is supposed to look like.
Is It Actually Working? Too Early to Say Here is the part where a portfolio-fit article usually compares three-year returns against a benchmark. That cannot be done for IALT. The fund is roughly seven months old. Any performance number pulled today is noise.
What we do have is flow data, and flows have been loud. Envestnet Portfolio Solutions opened a $140.9 million position as of its June 30, 2026 13F. Ninety investors added IALT shares, and six major firms increased their stakes significantly. Industry-wide, alternative ETFs pulled in nearly $30 billion of net new assets in 2026 year-to-date.
Inflows are evidence a strategy sells, not that it works. BlackRock knows this. VettaFi’s Todd Rosenbluth flagged the friction point most reviews land on, which is the 99 basis point expense ratio, meaningful money for something that has not yet earned its keep.
The Tradeoffs Fee drag. Ninety-nine basis points compounds against you every year the strategy fails to deliver differentiated returns. A simple aggregate bond fund costs a fraction of that. No track record. Absolute return strategies are judged over full cycles, not seven months. The VIX at 19 means the fund has not yet been tested by real stress. Complexity risk. You cannot easily explain why the fund is up or down in a given month, which makes it hard to hold through inevitable disappointment. Who Should Actually Own This IALT fits investors who already believe the 60/40 is broken, who can tolerate a fund whose behavior they cannot fully explain, and who are sizing it as a 5% to 10% diversifier rather than a core holding. For anyone treating it as a bond substitute or an equity substitute, wait. Come back in three years with real return data. Until then, the billions rushing in are a story about BlackRock’s distribution engine, not a verdict on the strategy.
Contact [email protected] for any questions or corrections.
Meta a BlackRock oznámily společný projekt výstavby datového centra v El Pasu v Texasu za zhruba 14 miliard USD. BlackRock bude mít 80% podíl, Meta 20 %.
A 3D-printed Meta logo and word "AI" are seen in this illustration created on July 20, 2026. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
CompaniesJuly 28 (Reuters) - Meta Platforms (META.O), opens new tab and the world's largest asset manager BlackRock (BLK.N), opens new tab on Tuesday announced a venture to develop and operate a data center campus in El Paso, Texas, a project that would cost about $14 billion in development.
The race to build out AI infrastructure has prompted tech giants to turn to debt sales worth tens of billions of dollars or seek external capital from fund managers such as BlackRock due to an unprecedented scale of investment.
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Meta said BlackRock-managed funds will take an 80% ownership stake in the venture, with Meta retaining the remaining 20%. A portion of BlackRock's investment will be financed through $12.5 billion in debt. Meta will also receive a $1 billion distribution to align ownership.
Meta will contribute land and in-progress construction assets worth about $2.3 billion, while BlackRock will make a cash contribution of about $4.9 billion, the company said.
The Facebook-parent earlier said it was building an over $10 billion data center project in El Paso, near the Texas-New Mexico border, among 28 data centers it has in either operation or under construction in the U.S.
The data center campus, already under construction, is designed to provide 1 gigawatt of compute capacity, essential for Meta's AI technologies and supporting its core business. Operations are expected to commence in 2028.
Meta has said it plans to invest $600 billion to build data centers by 2028, with an aim to fast-track work on personal superintelligence, which could help spin up new cash flows from the Meta AI app, image-to-video ad tools and smart glasses.
The social media giant is building several gigawatt-scale data centers across the U.S., including one in rural Louisiana, a project Meta expected to expand to 5 gigawatts of compute capacity, with investment increasing to more than $50 billion.
Shares of Meta had fallen about 10% so far this year, as investors are scrutinizing costs of AI expansion. The company is scheduled to report second-quarter results on July 29.
Morgan Stanley & Co and J.P. Morgan Securities served as financial advisors to Meta in connection with this transaction.
Reporting by Jaspreet Singh in Bengaluru; Editing by Devika Syamnath
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Alesco Advisors LLC koupila v 1. čtvrtletí nový podíl ve společnosti BlackRock: 948 akcií za zhruba 912 000 USD. Podíl drží i další institucionální investoři.
Alesco Advisors LLC An ESL Co acquired a new stake in BlackRock (NYSE:BLK – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 948 shares of the asset manager’s stock, valued at approximately $912,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BLK. Legal & General Group Plc raised its stake in shares of BlackRock by 0.8% in the fourth quarter. Legal & General Group Plc now owns 920,578 shares of the asset manager’s stock worth $985,331,000 after purchasing an additional 7,457 shares during the last quarter. TCV Trust & Wealth Management Inc. purchased a new stake in shares of BlackRock during the fourth quarter valued at $20,279,000. Texas Yale Capital Corp. boosted its holdings in shares of BlackRock by 32.2% during the 4th quarter. Texas Yale Capital Corp. now owns 5,764 shares of the asset manager’s stock valued at $6,169,000 after acquiring an additional 1,405 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of BlackRock by 94.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 26,828 shares of the asset manager’s stock worth $28,720,000 after acquiring an additional 13,040 shares during the period. Finally, Capital Research Global Investors raised its holdings in shares of BlackRock by 0.3% during the fourth quarter. Capital Research Global Investors now owns 3,838,937 shares of the asset manager’s stock valued at $4,108,968,000 after purchasing an additional 12,019 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.
Analyst Ratings Changes A number of equities analysts have recently issued reports on the company. Evercore restated an “outperform” rating and issued a $1,145.00 price target on shares of BlackRock in a research note on Friday, July 10th. BMO Capital Markets increased their target price on BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Jefferies Financial Group reduced their target price on shares of BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $1,258.00 price objective on shares of BlackRock in a research note on Thursday, July 16th. Finally, TD Cowen dropped their price target on shares of BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,304.29.
View Our Latest Analysis on BlackRock
Key Headlines Impacting BlackRock Here are the key news stories impacting BlackRock this week:
Positive Sentiment: BlackRock-led infrastructure vehicles completed the acquisition of Aligned Data Centers and are committing an additional $5 billion in growth capital, reinforcing BLK’s exposure to the AI buildout and alternative-asset fee opportunities. AIP, MGX and BlackRock’s GIP Close Acquisition of Aligned Data Centers Positive Sentiment: BlackRock Canada announced monthly July cash distributions across a wide slate of iShares ETFs, underscoring the strength and recurring income appeal of its ETF franchise. BlackRock Canada Announces July Cash Distributions for the iShares ETFs Positive Sentiment: Investor interest in BlackRock’s Ethereum products remains strong, with reports of fresh inflows into ETHA and a new, similar ether fund that adds another monetizable product in digital assets. Forget ETHA. iShares’ Other Ether Fund Is Nearly Identical, Except It Pays You Neutral Sentiment: CEO Larry Fink’s comments that AI growth is constrained by electricity, plus New York’s data-center moratorium, keep attention on power bottlenecks for the AI infrastructure theme BlackRock is investing behind. Larry Fink Says AI Needs More Electricity. Google Is Trying To Need Less Of It. Neutral Sentiment: BlackRock’s ETF and asset-management announcements, including distribution updates and product coverage, are broadly supportive but not likely to move the stock on their own. BlackRock® Canada Announces July Cash Distributions for the iShares® ETFs Negative Sentiment: Some recent headlines note BlackRock reducing a few holdings and broader financial-sector weakness, which may add mild pressure, but these appear less important than the positive infrastructure and ETF news. Major Shareholder Announcement BlackRock Trading Down 1.6% Shares of NYSE BLK opened at $1,037.31 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 4.09. The business’s 50 day moving average is $1,032.09 and its two-hundred day moving average is $1,042.37. The stock has a market capitalization of $160.77 billion, a P/E ratio of 24.79, a PEG ratio of 1.19 and a beta of 1.43. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94.
BlackRock (NYSE:BLK – Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, topping the consensus estimate of $12.69 by $1.22. The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $6.73 billion. BlackRock had a return on equity of 15.01% and a net margin of 24.09%.The company’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same period in the prior year, the business posted $12.05 earnings per share. As a group, research analysts expect that BlackRock will post 55.63 EPS for the current year.
BlackRock Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Friday, June 5th were given a $5.73 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.2%. BlackRock’s payout ratio is presently 54.78%.
Insider Buying and Selling at BlackRock In other news, CEO Laurence Fink sold 33,900 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total transaction of $35,613,645.00. Following the sale, the chief executive officer owned 230,516 shares in the company, valued at approximately $242,168,583.80. The trade was a 12.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Robert Kapito sold 8,739 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the completion of the transaction, the president directly owned 210,186 shares in the company, valued at approximately $222,082,527.60. The trade was a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.92% of the company’s stock.
BlackRock Company Profile (Free Report)
BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.
In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.
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BlackRock oznámil rekordní výsledky za 2. čtvrtletí: tržby vzrostly o 31 % na 7,1 miliardy USD a čisté přílivy dosáhly 192 miliard USD. Aktiva ve správě stoupla na rekordních 15,3 bilionu USD.
BlackRock (NYSE:BLK) executives said the asset manager delivered record second-quarter results and its strongest first half on record, driven by broad-based client inflows, higher markets, acquisitions and continued demand for ETFs, private markets and technology offerings.
Chief Financial Officer Martin S. Small said BlackRock generated second-quarter revenue of $7.1 billion, up 31% from a year earlier, while adjusted operating income rose 39% to $2.9 billion. Adjusted earnings per share were $13.91, up 15% year over year. Small said all three measures reached quarterly records.
The firm reported $192 billion of total net inflows in the quarter, contributing to $868 billion of net inflows over the last 12 months. Small said those flows represented 8% organic base fee growth in the second quarter and 10% organic base fee growth over the past year.
Chairman and Chief Executive Officer Laurence D. Fink said BlackRock’s assets under management reached a record $15.3 trillion after increasing by more than $1 trillion so far in 2026. “Clients are turning to BlackRock for insight and opportunities, as evident in our results this quarter,” Fink said.
Margins Expand as Revenue Hits Record Small said BlackRock’s adjusted operating margin was 45.9% in the quarter, up 260 basis points from a year ago and the highest level in nearly five years. Excluding performance fees and related compensation, he said the adjusted operating margin would have been 46.5%, also up 260 basis points year over year.
Base fee and securities lending revenue was $5.7 billion, up 29% year over year, reflecting market gains, organic base fee growth and approximately $230 million in base fees from HPS. Performance fees rose to $305 million, including $115 million from HPS, and technology services and subscription revenue increased 13%. Annual contract value, or ACV, rose 15% from a year earlier.
Expenses increased 25% year over year. Small attributed the rise to higher compensation tied to operating income and performance fees, higher headcount from HPS, increased distribution and servicing costs, direct fund expenses and general and administrative expenses related to the acquisition.
BlackRock also raised its planned share repurchase pace. Small said the company repurchased $450 million of shares in the second quarter and now expects to repurchase at least $550 million per quarter going forward, subject to market and other conditions. Fink said BlackRock expects to return more than $5.7 billion to shareholders this year through dividends and buybacks, a 16% increase over 2025.
ETF Inflows Lead the Quarter BlackRock’s iShares ETF platform generated $178 billion of net inflows in the quarter, led by $85 billion in core equity ETFs and $61 billion in index bond ETFs. Small said active ETFs added $20 billion, while “precision” ETFs, including international and sector equity products, added $15 billion.
Fink said iShares now has more than $6 trillion in assets under management globally and is benefiting from increased adoption and category innovation. He said iShares has raised $80 billion year to date in Europe, bringing European AUM to $1.5 trillion. In Asia Pacific, locally domiciled iShares crossed $100 billion in assets during the quarter.
Fink also highlighted growth in active ETFs, saying BlackRock has gathered more than $70 billion in active ETF net inflows over the past year and is leading the industry in active flows in 2026. “In just the last three years, we’ve gone from the seventh largest active ETF manager to the third largest,” Fink said.
Retail net inflows were $19 billion, led by active fixed income, Aperio and liquid alternative funds. Institutional active net inflows totaled $44 billion, driven by private markets, fixed income, systematic strategies, outsourced chief investment officer offerings and target date products. Institutional index strategies saw $41 billion of net outflows, concentrated in low-fee index equities.
Private Markets and Acquisitions Gain Traction Executives said BlackRock’s acquisitions of Global Infrastructure Partners, HPS and Preqin are performing ahead of plan and supporting the company’s 2030 ambitions. Fink said the combined platform is helping accelerate opportunities across public and private markets, particularly in infrastructure, private credit and technology.
Small said private markets saw an aggregate $15 billion of net inflows in the second quarter. He said that included $6 billion from private credit deployment, $5 billion from a mix of infrastructure fundraising and deployment, and $3 billion from partial funding of a private equity solutions outsourcing mandate with a client in Latin America.
Fink said BlackRock has closed about $10 billion in high-grade and infrastructure debt mandates for insurance companies so far in 2026. He said insurers globally are increasingly seeking private markets exposure to earn higher yields, and that collaboration between HPS and GIP is building a pipeline of joint opportunities, particularly in digital infrastructure.
Fink also pointed to the expected close of Aligned Data Centers in the coming weeks, describing it as “the largest data center infrastructure transaction ever announced.” He said the transaction brought together AIP, GIP and MGX.
Technology, Tokenization and Customization Remain Priorities BlackRock executives emphasized technology as a key growth driver. Small said Aladdin, eFront and Preqin are benefiting from client demand for integrated technology, data and analytics across public and private markets. He said regulatory and market developments are increasing the need for private markets transparency and benchmarking.
Fink said creating a seamless analytical platform across public and private markets is “one of the key priorities for BlackRock over the coming year.” He said the company is not yet fully there, but sees strong demand from retail and institutional clients for tools that help them understand risk across entire portfolios.
On digital assets and tokenization, Small said BlackRock has about $110 billion in AUM connected to digital assets and aims, as part of its 2030 plan, to make digital assets a $500 million revenue business. He said the company is working to tokenize long-term investment products, including Treasury funds, iShares ETFs and potentially private markets over time.
Small said BlackRock has filed two registration statements with the SEC for tokenized money market funds. He also said the firm manages $60 billion of reserves for Circle, representing about a quarter of the $300 billion stablecoin market, and wants to be the stablecoin reserve manager of choice.
Executives Point to Structural Growth Themes Fink said he remains optimistic about global markets, citing broadening returns outside the U.S., higher corporate margins and earnings momentum supported by new technology. He said BlackRock benefits directly from capital market expansion because of its scale and client relationships around the world.
The company also highlighted growth in retirement and personalized wealth solutions. Fink said LifePath Paycheck has grown to $30 billion in AUM as plan sponsors focus on retirement income. He said Aperio’s AUM is approaching $200 billion, up more than fourfold since BlackRock acquired the business five years ago, while SpiderRock AUM has nearly tripled to $13 billion since its acquisition two years ago.
Small said Aperio generated $7 billion of net inflows in the second quarter, split roughly evenly between long-only and long-short strategies. He said 2026 Aperio flows of about $20 billion have already surpassed 2025’s record flows of $15 billion.
Fink closed the call by saying BlackRock’s first-half performance represented “the strongest start to a year in our history” and that investments in the platform are showing up in results. “I believe the best of BlackRock is still ahead,” he said.
About BlackRock (NYSE:BLK) BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.
In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.
Bank of America zvýšila cílovou cenu pro BlackRock na 1 320 USD a ponechala doporučení Buy. Zmínila silný růst v private markets, tokenizaci i Aladdin.
BlackRock Analyst Raises Price ForecastBank of America analyst Craig Siegenthaler reiterated a Buy rating on BlackRock and increased his price forecast to $1,320 from $1,298, implying roughly 21% upside from the stock’s July 15 closing price. The analyst also raised earnings estimates for 2026 through 2028, citing higher management and performance fees.
Direct Indexing Business Gains MomentumThe firm said BlackRock’s tax-managed investing platform, Aperio, generated $7 billion of net inflows during the second quarter, bringing year-to-date inflows to $20 billion, already exceeding the record $15 billion recorded in all of 2025.
Assets under management in the business have increased fourfold over the past five years, reinforcing what the analyst described as a durable secular growth opportunity.
Private Markets Continue Strong ExpansionBank of America also highlighted BlackRock’s expanding private markets franchise. The business attracted a record $15 billion of inflows during the quarter, supported by private credit deployment, infrastructure fundraising and a large private equity outsourcing mandate.
Tokenization Emerges as Long-Term Growth DriverThe report identified tokenization as another long-term catalyst. BlackRock manages approximately $60 billion of Circle reserve assets and has filed to launch two tokenized money market funds.
The analyst believes tokenized funds, exchange-traded funds and eventually private market products could create a new digital distribution channel by enabling on-chain subscriptions and redemptions through digital wallets, expanding access beyond traditional brokerage platforms.
Aladdin Positioned to Withstand AI CompetitionBank of America also said it remains unconcerned about artificial intelligence disrupting BlackRock’s Aladdin technology platform, arguing its entrenched workflow and system-of-record role create significant competitive advantages.
The analyst added that proposed U.S. retirement regulations could further increase demand for Aladdin and Preqin’s private markets data and analytics capabilities.
Margin Expansion and Long-Term Earnings OutlookLooking ahead, the firm expects BlackRock’s adjusted operating margin to exit 2026 near 46%, supported by continued growth in private markets and technology businesses.
It forecasts mid-double-digit earnings growth over time as the company gains market share across exchange-traded funds, fixed income, alternatives and technology solutions.
Bank of America reiterated its Buy rating on BlackRock, citing the company’s strong positioning across multiple secular growth businesses and its unmatched global distribution network.
The stock carries a Buy rating with an average price forecast of $1336.40. Recent analyst moves include:
UBS: Buy (Raises Target to $1320.00) (July 16) Evercore ISI Group: Outperform (Raises Target to $1245.00) (July 16) Morgan Stanley: Overweight (Raises Target to $1488.00) (July 16) BlackRock Price ActionBLK Price Action: BlackRock shares were down 0.40% at $1089.02 at the time of publication on Thursday, according to Benzinga Pro data.
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Největší správce aktiv na světě BlackRock zveřejnil výsledky hospodaření za druhé čtvrtletí roku 2026. Objem spravovaných aktiv (AUM) překonal průměrný odhad analytiků a dosáhl rekordní hodnoty. Nad odhady byly rovněž výnosy i čistý příliv aktiv.
Výsledky společnosti BlackRock (BLK) za 2Q 2026 2Q 2026 Konsensus 2Q 2026 2Q 2025 Výnosy (mld. USD) 7,08 6,82 5,42 Čistý zisk (mld. USD) 1,91 -- 1,59 Očištěný zisk na akcii (EPS, USD/akcie) 13,91 12,66 12,05 Výsledky za 2Q Objem spravovaných aktiv (AUM) dosáhl rekordních 15,34 bil. USD, meziročně vzrostl o 22 % a překonal odhad 15,19 bil. USD.
Čistý příliv aktiv, zdroj: Blackrock
Čisté přílivy aktiv dosáhly 191,70 mld. USD, výrazně nad odhadem 175,92 mld. USD a nad loňskými 67,74 mld. USD. Z toho dlouhodobé přílivy činily 199,13 mld. USD. Institucionální klienti přinesli čisté přílivy 2,34 mld. USD, retailoví klienti 18,86 mld. USD. Podle typu produktu směřovalo do akciových strategií 71,60 mld. USD a do dluhopisových strategií 92,10 mld. USD.
Výnosy meziročně vzrostly o 31 % na 7,08 mld. USD, nad odhadem 6,82 mld. USD. Základní poplatky a výnosy z půjčování cenných papírů dosáhly 5,73 mld. USD (+29 % meziročně), nad odhadem 5,6 mld. USD. Výkonnostní poplatky (performance fees) činily 305 mil. USD oproti loňským 94 mil. USD, nad odhadem 276,4 mil. USD. Výnosy z technologických služeb dosáhly 566 mil. USD (+13 % meziročně), nad odhadem 551,7 mil. USD.
Celkové náklady vzrostly o 25 % meziročně na 4,62 mld. USD, nad odhadem 4,49 mld. USD.
Provozní marže dosáhla 34,7 % oproti loňským 31,9 %, pod odhadem 35,5 %. Očištěná provozní marže činila 45,9 % oproti loňským 43,3 %, nad odhadem 44,7 %.
Komentář CEO Laurence Fink, předseda představenstva a generální ředitel BlackRocku, uvedl: „Fundamenty trhu jsou silné a dobře podpořené, s vyššími maržemi a momentem v ziskovosti, které katalyzují nové technologie. Rozsah a hloubka našich klientských vztahů globálně nikdy nebyly větší. Klienti se obracejí na BlackRock kvůli poznatkům a příležitostem. To pohání rekordní finanční výkonnost, přílivy 868 mld. USD za posledních dvanáct měsíců a 10% růst organických základních poplatků. Přílivy za prvních šest měsíců roku 2026 více než zdvojnásobily meziroční hodnotu, což posunulo AUM na rekordních 15,3 bil. USD.“
„Ve druhém čtvrtletí nám klienti svěřili 192 mld. USD čistých přílivů, což generovalo 8% organický růst základních poplatků – výrazně nad naším cílem. iShares překročily 6 bil. USD v AUM, což je zhruba dvojnásobek za tři roky. Naše čtvrtletní upravená provozní marže dosáhla 45,9 % – nejvyšší za téměř pět let. Čtvrtletní provozní zisk vzrostl přibližně o 40 % meziročně. A naše přesvědčení o dalším růstu BlackRocku nás vedlo ke zvýšení plánované úrovně zpětných odkupů akcií v roce 2026 na 2 mld. USD,“ dodal Fink.
Návrat kapitálu akcionářům Společnost v aktuálním kvartále odkoupila vlastní akcie v hodnotě 450 mil. USD. Zároveň oznámila zvýšení plánovaných čtvrtletních zpětných odkupů na 550 mil. USD.
Akcie BlackRock Akcie BlackRock (BLK) v předburzovní fázi obchodování rostou o 1,91 % na 1 045,00 USD.
Akcie Blackrock Inc (BLK) před výsledky uzavřely na 1025,44 USD Ukazatel Ukazatel Kapitalizace (mld. USD) 167,7 P/E 23,0 Vývoj za letošní rok (%) -4,2 Očekávané P/E 18,9 52týdenní minimum (USD) 917,4 Prům. cílová cena (USD) 1269 52týdenní maximum (USD) 1219,94 Dividendový výnos (%) 2,1 Zdroj: BlackRock, Bloomberg
BlackRock BLK is set to report its second-quarter earnings before the opening bell on Wednesday, July 15, with Wall Street expecting the world's largest asset manager to deliver another quarter of revenue and earnings growth.
Analysts expect BlackRock to report earnings per share of $12.65, up 5.0% from a year earlier, on revenue of $6.74 billion, representing 24.4% year-over-year growth.
Another consensus estimate projects EPS of $12.57 on revenue of $6.72 billion, also pointing to strong annual growth.
The asset manager enters the earnings report with a solid track record, having exceeded consensus EPS estimates in each of the past four quarters while beating revenue expectations in three of those periods.
Investors will be looking for signs that BlackRock can sustain its momentum amid evolving market conditions and changing industry dynamics.
Sentiment heading into BlackRock's earnings report has improved in recent months.
Over the past three months, analysts have issued seven upward revisions and three downward revisions to EPS estimates.
Revenue forecasts have also strengthened, with four upward revisions compared with one downward revision.
Wall Street remains broadly optimistic about the stock.
Analysts maintain a Buy consensus with an average price target of $1,259, implying roughly 22% upside from the current share price of $1,029.85.
Of the 17 analysts covering the company, 14 recommend buying the stock, while three maintain Hold ratings and none recommend selling.
Several brokerages have also raised their price targets ahead of the earnings release.
Barclays increased its target to $1,340, while Morgan Stanley raised its target to $1,430.
Earnings estimates have climbed 0.75% over the past 60 days, while revenue estimates have increased 1.74%, reflecting growing confidence ahead of the quarterly report.
Client flows and AUM remain key focusInvestors will closely monitor BlackRock's assets under management, net inflows into iShares exchange-traded funds and active strategies, fee revenue, and the performance of its technology and private markets businesses.
During the first quarter, BlackRock reported $136 billion in long-term net inflows.
Although this was below the $150 billion Visible Alpha consensus estimate, it included a record $132 billion in net inflows into iShares exchange-traded products, alongside $3 billion in active equity inflows and $9 billion in private markets inflows led by private credit and infrastructure.
The company also exceeded Wall Street's expectations in the first quarter, supported by 8% year-over-year organic fee growth and adjusted operating margin expansion of more than 100 basis points.
Investors will also assess the early performance of BlackRock's recently launched iShares Nasdaq 100 ETF, along with trends in fee rates and demand across its investment products.
Beyond traditional asset management, analysts will be watching the contribution from BlackRock's Aladdin technology platform and its alternatives business.
In a research note, Morgan Stanley said it believes BlackRock is "best-positioned within the asset management barbell given its leading iShares ETF platform, multi-asset and alternatives businesses, combined with a growing technology/Aladdin offering that should drive ~18% EPS CAGR (2025-28e) via ~5% average long-term organic growth."
Morgan Stanley also said its base-case outlook expects "+5.6% and +5.2% net inflows in 2026 and 2027, respectively, led by Alternatives and Fixed Income."
The earnings report is expected to provide further insight into whether BlackRock's scale, diversified business model, and technology offerings continue to offset broader industry pressure from lower management fees and rising operating costs.
Investors will also look for management commentary on client demand, market conditions, and capital deployment as they assess the firm's outlook for the second half of the year.
Wall Street analysts expect BlackRock (BLK - Free Report) to post quarterly earnings of $12.63 per share in its upcoming report, which indicates a year-over-year increase of 4.8%. Revenues are expected to be $6.75 billion, up 24.5% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 2.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some BlackRock metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Revenue- Technology services revenue' of $552.81 million. The estimate indicates a change of +10.8% from the prior-year quarter.
Analysts expect 'Revenue- Investment advisory, administration fees and securities lending revenue- Equity subtotal' to come in at $2.47 billion. The estimate indicates a change of +29.4% from the prior-year quarter.
Analysts forecast 'Revenue- Total investment advisory, administration fees and securities lending revenue' to reach $5.59 billion. The estimate indicates a change of +25.6% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenue- Distribution fees' will likely reach $392.74 million. The estimate suggests a change of +22.7% year over year.
The average prediction of analysts places 'Revenue- Investment advisory, administration fees and securities lending revenue- Long-Term' at $5.25 billion. The estimate points to a change of +26.5% from the year-ago quarter.
It is projected by analysts that the 'Revenue- Investment advisory, administration fees and securities lending revenue- Fixed income- ETFs' will reach $447.55 million. The estimate indicates a year-over-year change of +22.3%.
According to the collective judgment of analysts, 'Revenue- Investment advisory, administration fees and securities lending revenue- Equity- ETFs' should come in at $1.86 billion. The estimate points to a change of +32.7% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenue- Investment advisory performance fees' should arrive at $259.04 million. The estimate indicates a year-over-year change of +175.6%.
Analysts predict that the 'Net inflows' will reach $115.96 billion. The estimate compares to the year-ago value of $67.74 billion.
Analysts' assessment points toward 'Assets under management - Cash management' reaching $1082.05 billion. The estimate is in contrast to the year-ago figure of $969.70 billion.
The consensus estimate for 'Total Assets Under Management' stands at $14837.35 billion. Compared to the current estimate, the company reported $12527.59 billion in the same quarter of the previous year.
The consensus among analysts is that 'Net inflows - Product Type - Cash management' will reach $13.45 billion. The estimate compares to the year-ago value of $21.95 billion.
View all Key Company Metrics for BlackRock here>>>
Shares of BlackRock have experienced a change of +0.3% in the past month compared to the +2.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), BLK is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
BlackRock uzavřel poslední seanci na 1 019,68 USD, což znamenalo denní růst o 2,96 % a lepší výkon než S&P 500. Investoři sledují výsledky, které firma zveřejní 15. července 2026.
BlackRock (BLK - Free Report) ended the recent trading session at $1,019.68, demonstrating a +2.96% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.81%. Elsewhere, the Dow gained 0.27%, while the tech-heavy Nasdaq added 1.3%.
Shares of the investment firm witnessed a loss of 2.01% over the previous month, trailing the performance of the Finance sector with its gain of 4.07%, and the S&P 500's gain of 1.13%.
The investment community will be paying close attention to the earnings performance of BlackRock in its upcoming release. The company is slated to reveal its earnings on July 15, 2026. The company's upcoming EPS is projected at $12.54, signifying a 4.07% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $6.75 billion, indicating a 24.51% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $53.46 per share and revenue of $28.08 billion. These totals would mark changes of +11.17% and +15.97%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for BlackRock. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.92% upward. Right now, BlackRock possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that BlackRock has a Forward P/E ratio of 18.53 right now. This denotes a premium relative to the industry average Forward P/E of 11.41.
We can also see that BLK currently has a PEG ratio of 1.27. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Financial - Investment Management stocks are, on average, holding a PEG ratio of 1.03 based on yesterday's closing prices.
The Financial - Investment Management industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 181, finds itself in the bottom 27% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
UBS před výsledky BlackRocku říká, že je vhodné akcie držet díky atraktivní valuaci a kombinaci růstu a obrany. Čeká silnou poptávku po ETF a organický růst základních poplatků kolem 7,8 %.
BlackRock Inc (NYSE:BLK) reports second-quarter results before the bell on July 15, and UBS is telling clients this is a good time to be holding the stock.
The bank's case: an attractive valuation paired with a rare combination of growth and defensiveness.
UBS expects strong ETF demand to more than make up for weaker cash and institutional flows this quarter, with organic base fee growth landing around 7.8%. That would put BlackRock at the high end of its own "6-7% or higher" guidance.
The bank's EPS estimate comes in a bit below consensus, but it sees operating income and other key metrics, including long-term flows, fee rate, and management fees, all coming in ahead of the Street.
Behind the numbers, UBS raised its operating income estimate on higher management fees and leaner G&A spending, though that's partly offset by softer performance fees tied to a seasonally quieter first half. Aladdin and Preqin related tech and risk management fees are expected to climb 12% year over year.
Management fees are pegged at $5.6 billion, ahead of the Street's $5.5 billion, on the back of a higher average fee rate and AUM. UBS is modeling average AUM of $14.5 trillion, above consensus of $14.3 trillion.
Flows are where things get interesting. UBS is calling for $110 billion in iShares equity inflows, which would be one of the strongest quarters ever for the segment and a step up from $88.1 billion last quarter. Fixed income ETFs look even stronger on a relative basis, with an estimated $66 billion in inflows marking a record quarter.
On the back of all this, UBS bumped up its 2026 and 2027 EPS estimates to $53.87 and $60.48. The price target holds steady at $1,270, but the bank trimmed its multiple slightly to 21x from 21.5x, citing growing uncertainty around private assets and how tokenization and perpetual futures could reshape the competitive landscape down the road.
On the earnings call, UBS will focus on six things: whether base fee growth holds up, progress toward BlackRock's 50%+ margin target, competitive positioning of the new iShares Nasdaq-100 ETF, durability of ETF and tech contract value growth, private credit trends, and capital return plans, with buybacks guided at $450 million or more per quarter for the rest of the year.
The company logo and trading information for BlackRock is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 30, 2017. REUTERS/Brendan McDermid Purchase Licensing Rights, opens new tab
CompaniesJuly 7 (Reuters) - BlackRock (BLK.N), opens new tab said on Tuesday it would launch an exchange-traded fund tracking the technology-heavy Nasdaq-100 index (.NDX), opens new tab, as it seeks to tap surging investor demand for exposure to the AI-driven stock market rally.
The iShares Nasdaq 100 ETF, offered by the world's largest asset manager, will track the flagship U.S. index and start trading under the ticker on Thursday, just months after the Nasdaq (NDAQ.O), opens new tab revised its criteria to accelerate the inclusion of newly listed companies such as SpaceX (SPCX.O), opens new tab.
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BlackRock's ETF will compete with asset manager Invesco's Nasdaq-100 franchise, which has long dominated the market for investors seeking access to large-cap growth and tech-heavy stocks through its QQQ Trust Series 1 (QQQ.O), opens new tab and Nasdaq 100 (QQQM.O), opens new tab ETFs. Last month, bank State Street (STT.N), opens new tab also launched a Nasdaq 100 ETF (QNDX.O), opens new tab.
"IQQ enhances our ability to offer investors access to the Nasdaq-100 with iShares ETFs — providing complementary strategies that allow them to align their portfolios with their objectives," said U.S. head of iShares at BlackRock Elise Terry.
Strong investor demand for large-caps and technology-focused stocks helped the Nasdaq 100 (.NDX), opens new tab log its best quarter since April 2020 in the three months ended June. The index tracks the top 100 non-financial companies listed on the Nasdaq stock exchange.
The iShares Nasdaq 100 ETF will start trading with an initial net asset value (NAV) of $24 per share. In comparison, the NAVs of Invesco's funds are $722.45 and $297.45, respectively.
BlackRock currently has over $41 billion in assets under management through its other Nasdaq 100 strategies such as the iShares Nasdaq Top 30 Stocks ETF (QTOP.O), opens new tab and the iShares Nasdaq Premium Income Active ETF (BALQ.O), opens new tab.
Reporting by Johann M Cherian in Bengaluru and Lewis Krauskopf in New York; Editing by Diti Pujara
Our Standards: The Thomson Reuters Trust Principles., opens new tab
BlackRock, Inc. (NYSE:BLK) will release its second quarter earnings report before the opening bell on Wednesday, July 15.
Analysts expect the New York-based company to report quarterly earnings of $12.55 per share, up from $12.05 per share in the year-ago period. The consensus estimate for BlackRock’s quarterly revenue is $6.63 billion. It reported $5.42 billion last year, according to Benzinga Pro.
On May 20, BlackRock declared a quarterly dividend of $5.73 on common stock.
BlackRock shares rose 1.6% to close at $995.73 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying BLK stock? Here’s what analysts think:
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BlackRock spustí iShares Bitcoin Premium Income ETF, který má sledovat bitcoin a zároveň vyplácet výnos pomocí opční strategie. Roční výnos má činit 12,5 %.
Bitcoin (BTC 0.04%) is taking it on the chin. The dominant cryptocurrency currently trades 51% off its all-time record (as of July 2).
This bear market hasn't stopped BlackRock (BLK +1.57%) from continuing to expand its related product suite. With the January 2024 launch of the iShares Bitcoin Trust, the massive asset manager already has a stake in Bitcoin's success. Even with record net outflows in June, this exchange-traded fund (ETF) currently has $44 billion in total assets.
BlackRock isn't done. It just launched the iShares Bitcoin Premium Income ETF (BITA +2.19%) on June 9. Is this new investment vehicle a buy?
Image source: Getty Images.
Generating income from a no-yield asset The iShares Bitcoin Premium Income ETF "seeks to track the performance of bitcoin while generating premium income through an actively managed options strategy," according to its website. The ETF, which comes with an expense ratio of 0.65%, uses a covered call strategy. The portfolio's holdings consist of Bitcoin and the iShares Bitcoin Trust.
This ETF is different from BlackRock's previous Bitcoin offering. The iShares Bitcoin Trust owns the underlying cryptocurrency and a tiny amount of cash. Its sole purpose is to track the digital asset's price movements.
The iShares Bitcoin Premium Income ETF provides access to Bitcoin in a unique way. It caps exposure to Bitcoin's upside, since the options strategy forces the ETF to sell its positions if the crypto's price rises above a certain threshold. If its price is surging higher, these investors won't capture the entire gain.
However, the ETF provides better downside protection. If Bitcoin is volatile but continues to trade sideways, there's a nice income stream. Based on the ETF's upcoming July 8 distribution of $0.52 per share, the annual yield amounts to 12.5%.
Bitcoin doesn't produce income. The iShares Bitcoin Premium Income ETF is structured to provide investors with a way to earn a yield. Some market participants will find this extremely valuable.
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Built for a specific investor BlackRock offers 487 different ETFs to its client base. The investment firm has a front-row seat at the assets, themes, and exposures that the investment community desires. It can leverage its vast resources to create and distribute these products.
Therefore, I suspect there will be demand for the iShares Bitcoin Premium Income ETF, even though its asset base of $43 million is tiny right now. Bitcoin is in a bear market. Disappointed by the lack of any gains, investors are starved for yield. Leave it to a colossal Wall Street entity to engineer a product that can generate fee revenue, while targeting investors who are interested in a unique approach to Bitcoin.
Only buy this ETF if you expect the cryptocurrency's price to grow at a slow pace in the future. If you're extremely bearish, then stay away.
Bitcoin bulls, on the other hand, won't find this ETF attractive for their portfolios. To them, buying the digital asset outright and holding it in cold storage is still the best course of action.
Neil Patel has positions in iShares Bitcoin Trust. The Motley Fool has positions in and recommends Bitcoin, BlackRock, and iShares Bitcoin Trust. The Motley Fool has a disclosure policy.
BlackRock přesouvá růst na privátní trhy, kde jsou vyšší poplatky než u ETF. Organický čistý růst poplatků meziročně vzrostl o 8 % a byl sedmý kvartál po sobě nad 5 %.
BlackRock (BLK +1.57%) is one of the largest sponsors of exchange-traded funds (ETFs). ETFs make up around 40% of its business. There's just one problem with that: ETFs generally have low expense ratios. ETFs are a reliable business, but other businesses are more profitable. One such business is private markets, where BlackRock is currently focusing its growth efforts. Here's what you need to know.
BlackRock has a solid foundation To be fair, given the size of BlackRock's ETF business, it generates significant revenue from these generally low-cost products. Economies of scale are hugely important in the finance industry. The company's ETF operation is a solid foundation for its other businesses. And, notably, it can even complement them. That's actually an important fact to consider as BlackRock looks to expand its private markets operation.
Image source: Getty Images.
Private market investments are, basically, investments in non-public businesses. These investments take many forms, including debt, real estate, infrastructure assets, and private company investments. Investors hope that returns from private market investments will be higher than those available from public markets. For BlackRock, a manager of private-market investments, the appeal of the space lies in the higher fees it can generate from managing these investments.
Notably, BlackRock's organic net fee growth rose 8% year over year, marking the seventh consecutive quarter above 5%. The 8% figure is also the highest for the first quarter in five years. A big part of the story has been the company's push over the past several years to build out its private markets business.
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BlackRock is ready for the next big opportunity At this point, BlackRock is something of a one-stop shop, allowing customers to meet a plethora of investment needs with just one relationship. However, there's an important aspect to this story that could allow the company to really hit the accelerator. At this point, private market investments aren't generally available in retirement accounts, like a 401(k).
There are efforts underway to change that, which would open up a whole new playing field for BlackRock. It already has a place at the table, however, so it will just be expanding on existing relationships. That will likely even include increasingly adding private-market investments to ETF products. If you own BlackRock or are considering buying it, you will want to keep a close eye on the growth of its private markets business. It could even be more important to the company's earnings than the sheer size of the assets it manages, given the higher fees private market investments generate.
Ministerstvo financí USA zvolilo pro Trump Accounts dvě ETF od BlackRock a jako alternativu Vanguard Total Stock Market ETF. Program pro dětské spořicí účty má začít 4. července.
The company logo and trading information for BlackRock is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 30, 2017. REUTERS/Brendan McDermid Purchase Licensing Rights, opens new tab
CompaniesJuly 1 (Reuters) - The U.S. Treasury has selected two BlackRock (BLK.N), opens new tab exchange-traded funds for Trump Accounts and named Vanguard as an alternate fund partner for the government's new child savings program, which is set to launch on July 4.
BlackRock's iShares Core S&P 500 ETF (IVV) and iShares Core S&P Total U.S. Stock Market ETF (ITOT) were chosen, both carrying expense ratios of 0.03%. Vanguard Total Stock Market ETF (VTI) was named an alternate investment option.
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"By giving younger Americans the opportunity to start investing earlier, Trump Accounts can help millions build long-term financial security," said BlackRock Chairman and CEO Larry Fink.
Under the scheme, the U.S. Treasury will deposit $1,000 as seed money into an investment account for each child with a valid Social Security number born between 2025 and 2028.
Many investment firms and corporations, including BlackRock, said they would match the U.S. government's $1,000 contribution for their employees.
Reporting by Pragyan Kalita in Bengaluru; Editing by Maju Samuel
Our Standards: The Thomson Reuters Trust Principles., opens new tab
BlackRock (BLK - Free Report) closed at $971.92 in the latest trading session, marking a -1.09% move from the prior day. This change lagged the S&P 500's daily loss of 0.01%. On the other hand, the Dow registered a gain of 0.14%, and the technology-centric Nasdaq decreased by 0.46%.
Prior to today's trading, shares of the investment firm had lost 8.2% lagged the Finance sector's gain of 2.29% and the S&P 500's loss of 1.4%.
Market participants will be closely following the financial results of BlackRock in its upcoming release. The company is predicted to post an EPS of $12.43, indicating a 3.15% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $6.67 billion, up 23.03% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $52.8 per share and revenue of $27.65 billion, indicating changes of +9.79% and +14.19%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for BlackRock. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, BlackRock is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, BlackRock is holding a Forward P/E ratio of 18.61. Its industry sports an average Forward P/E of 11.34, so one might conclude that BlackRock is trading at a premium comparatively.
One should further note that BLK currently holds a PEG ratio of 1.28. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Financial - Investment Management was holding an average PEG ratio of 0.99 at yesterday's closing price.
The Financial - Investment Management industry is part of the Finance sector. With its current Zacks Industry Rank of 200, this industry ranks in the bottom 19% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
