New York, New York--(Newsfile Corp. - July 24, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of investors in BlackRock, Inc. mutual funds, resulting from allegations that BlackRock may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased BlackRock mutual funds you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/cases/blackrock-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
WHAT IS THIS ABOUT: Rosen Law Firm is investigating potential civil securities claims.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
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Attorney Advertising. Prior results do not guarantee a similar outcome.
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(Kitco News) - Gold's inability to hold gains above $4,100 an ounce continues to highlight near-term downside risks. However, an expert at the world’s largest asset manager continues to recommend investors maintain some exposure to the precious metal.
In his latest note on gold, Russ Koesterich, Portfolio Manager for BlackRock Global Allocation Strategy, said that although gold has fallen out of favor among investors who are now focused on strong earnings and cash flow, the long-term case for holding the precious metal remains intact.
Koesterich noted that after a strong start to the year, gold prices have fallen about 25% from their all-time high in January and are down about 7% for the year. He explained that gold’s historic rally at the start of the year reshaped its role in investors' portfolios. Because of its strong momentum, gold became less of a safe-haven asset.
“Rather than providing downside protection, gold added risk to a portfolio,” he said.
However, he added that the eventual shift in momentum only partly explains the sharp, months-long correction.
He pointed out that the primary driver behind gold’s decline has been renewed strength in the U.S. dollar.
“Despite increasing chatter of a ‘debasement trade,’ the dollar has rallied sharply since the January lows, with the Dollar Index (DXY) up more than 6%. Concerns over a global energy shock, a resilient U.S. stock market and a dramatic reversal in expected Federal Reserve policy have all led to a stronger dollar,” he said. “As the dollar has risen, so have long-term interest rates, especially real or inflation-adjusted rates. Real 10-year yields, derived from the TIPS market, have gone from around 1.65% in early March to 2.20% today. This shift in the rate regime has been another obstacle for gold.”
He added that another important headwind is the fact that gold “is not an AI stock.”
“Even within the stock market, performance has increasingly been driven by an increasingly small set of AI companies experiencing outsized earnings growth. As an asset with no earnings, investors are treating gold the same way they’re treating slow-growth, stable companies, by basically ignoring it,” he said.
Despite these headwinds, Koesterich said the precious metal still plays an important role in diversified portfolios.
“The structural reasons to hold gold remain intact. Debt and deficits remain at historic levels, debasement remains a long-term risk and while gold did not work in March, geopolitics have not become any more stable. All of which still argues for maintaining a modest gold position in portfolios,” he said.
Gold is looking to end the week with modest gains as it continues to consolidate near critical support levels. Spot gold last traded at $4,074.70 an ounce, up 1.45% from last Friday’s close.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
U.S. spot Bitcoin (CRYPTO:BTC) ETFs have recorded nearly $1 billion in inflows over seven straight sessions, marking their strongest stretch in 11 weeks. Investors have added $499.05 million this week, and the funds now hold about 6% of all the Bitcoin in existence.
BlackRock’s IBIT leads the inflow streak, taking in $319.16 million of this week’s total and topping every session. Could this finally be the start of a long-awaited recovery for Bitcoin ETFs after the funds saw nearly $7 billion in outflows across May and June?
Bitcoin ETFs Just Logged Seven Straight Days of Inflows
Investors pulled out $424.66 million from Bitcoin ETFs on July 13, and that was the last outflow day, which also marked the heaviest single-day withdrawal of the month so far. Since then, money has come back in every session. The last time U.S. spot Bitcoin ETFs managed seven straight days of inflows was early October 2025, when Bitcoin traded near its all-time high around $126,000.
The buying has swung wildly from day to day. Investors added $181.08 million on July 14, then slowed to $107.80 million on July 15 and $79.15 million on July 16, before putting in $132.30 million on July 17.
They bought the most on July 20 and July 21, at $226.92 million and $203.14 million, as Bitcoin climbed above $66,000 on reports that President Trump had agreed to the ethics rules holding up the CLARITY Act. Investors added just $68.99 million on July 22, which is the weakest session of the streak.
Why BlackRock Leads Bitcoin ETF Inflows
BlackRock’s iShares Bitcoin Trust has pulled in $60.81 billion since it launched, while every spot Bitcoin ETF put together has taken in $51.85 billion. Grayscale’s GBTC is what drags the total funds down, having lost $27.42 billion since it converted into an ETF, with another $38.30 million leaving on July 22. Grayscale charges 1.50% a year against IBIT’s 0.25%, and that difference compounds into serious money for anyone holding for years.
In Bitcoin terms, IBIT now holds 3.70% of every coin that exists, while the other twelve spot ETFs hold 2.38% between them. In terms of trading activity, the same exists, with $871.32 million of the $1.11 billion that changed hands across all thirteen funds on July 22 going through IBIT alone.
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Fidelity’s FBTC charges nothing at all, yet it holds $11.38 billion against IBIT’s $48.86 billion. A free fund losing more than four to one to a fund charging 0.25% says price is not what decides this. BlackRock wins on distribution, because its products are already on the platforms that pension managers, endowments and financial advisers use every day, so buying IBIT means clicking a button they have clicked a thousand times before.
IBIT also led every session this week, recording $116.48 million on July 20, $163.90 million on July 21 and $38.78 million on July 22, which amounts to $319.16 million of the $499.05 million that came in. Over the previous week it pulled in $204 million while the total ETF funds kept just $75.67 million, because investors were pulling $181 million out of Fidelity’s FBTC at the same time.
Has the Bitcoin ETF Outflow Stopped? Investors have added $699.22 million to Bitcoin ETFs so far in July, making it the first month of net inflows since April. But a total of $4.51 billion was pulled out of these funds in June alone, so July has recovered only about 15% of the damage from last month.
Across 2026 as a whole, these funds are still down $4.76 billion in net outflows, and the buying is slowing rather than picking up. The ETFs recorded $226.92 million inflows on July 20 but only $68.99 million by July 22, which is the smallest daily total of the current streak.
So the outflows have slowed, but calling them over after seven days would be premature. Undoing what investors took out in May and June would take months of steady buying, and most of the money coming in right now is going through a single fund.
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NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of investors in BlackRock, Inc. (NYSE: BLK) mutual funds, resulting from allegations that BlackRock may have issued materially misleading business information to the investing public.
Key Takeaways BlackRock topped $15T AUM as iShares ETFs drove rapid growth across active and bond products. Active, bond and core ETFs are fueling adoption, while low fees remain a key competitive edge. Despite Vanguard's lead in U.S. ETF assets, iShares remains a global ETF giant with about 1,600 funds. BlackRock (BLK - Free Report) has crossed the $15 trillion AUM milestone, fueled in large part by the rapid growth of its Exchange-Traded Fund (ETF) business. ETFs now represent more than 40% of the firm's assets, compared with 25% a decade ago, as quoted on ETF Central.
BlackRock, through its iShares brand, continues to lead the global ETF market. Its current expansion is driven by strong adoption of active ETFs, fixed-income products, and portfolio adjustments to accommodate the explosive growth of mega-cap AI and tech stocks. Investors can now access about 1,600 iShares ETFs globally -- up 50% since 2019.
Inside the Success BlackRock noted that ETFs are increasingly preferred by digital wealth investors because they provide access to both active and index investing. The company aims to shift people's mindset from saving to investing.
Today, 43 million people worldwide use iShares ETFs, and the company aims to more than double that figure to 100 million by the end of the decade.
The company expects the digital wealth market to grow into a $17 trillion industry by 2030, with ETFs playing a major role in driving this growth.
Inside the Variations of ETFsBlackRock highlighted the following categories as key ETF areas.
Core ETFs provide a cost-effective way to build long-term portfolios.
Bond ETFs offer exposure to bond markets more capably.
Active ETFs aim to generate enhanced income or downside protection through options-based strategies.
Factor ETFs have the potential to outperform market-cap benchmarks.
Precision ETFs provide access to a wide range of countries, sectors and commodities.
Investors can use iShares ETFs for growth, income, diversification, systematic investing, megatrends and thematic exposure, alternative investments, as well as sustainable and transition investing.
Any Changes in the Asset Class’s Categorization? BlackRock predicts global bond ETF assets under management (AUM) will reach $6 trillion by the end of 2030, up from $2.6 trillion in 2024, as quoted on its website. The ongoing modernization of the bond market is expected to drive this growth.
What About Fees? BlackRock has periodically cut expense ratios on its core and flagship ETFs to remain competitive against rivals like Vanguard and Charles Schwab. Earlier fee reductions brought the expense ratio of the iShares Core S&P 500 ETF (IVV - Free Report) down to 0.03%, matching the Vanguard 500 Index Fund ETF (VOO - Free Report) expense ratio, while the iShares Core U.S. Aggregate Bond ETF (AGG - Free Report) expense ratio was also reduced to 0.03%.
Bottom Line While BlackRock's success is commendable, Vanguard has overtaken BlackRock to become the largest U.S. ETF issuer, ending BlackRock's roughly 20-year reign at the top. This underscores the importance of low fees in the ETF marketplace.
A mid-June article from The Daily Upside indicated that Vanguard manages around $4.39 trillion across 116 U.S.-listed funds, according to Bloomberg data, surpassing the $4.36 trillion managed by BlackRock, as quoted on Yahoo Finance.
Nevertheless, BlackRock's achievement highlights the remarkable growth of the ETF industry. Some of the most popular U.S.-based iShares ETFs include IVV, iShares Core MSCI EAFE ETF (IEFA - Free Report) , iShares Core MSCI Emerging Markets ETF (IEMG - Free Report) , AGG and iShares Russell 1000 Growth ETF (IWF - Free Report) .
NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE:BLK) today announced that its Board of Directors has declared a quarterly cash dividend of $5.73 per share of common stock, payable September 22, 2026 to shareholders of record at the close of business on September 8, 2026. 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 ser.
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.
Further Reading Five stocks we like better than BlackRock Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible
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Acumen Wealth Advisors LLC raised its stake in shares of BlackRock (NYSE:BLK – Free Report) by 919.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,101 shares of the asset manager’s stock after purchasing an additional 993 shares during the quarter. Acumen Wealth Advisors LLC’s holdings in BlackRock were worth $1,059,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Magellan Asset Management Ltd grew its holdings in BlackRock by 16.9% during the 1st quarter. Magellan Asset Management Ltd now owns 76 shares of the asset manager’s stock worth $73,000 after acquiring an additional 11 shares during the last quarter. Temasek Holdings Private Ltd increased its holdings in BlackRock by 4.7% during the 1st quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager’s stock worth $5,126,387,000 after purchasing an additional 237,667 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab bought a new position in shares of BlackRock during the first quarter worth about $12,469,000. Bellwether Advisors LLC grew its holdings in shares of BlackRock by 7.6% in the 1st quarter. Bellwether Advisors LLC now owns 242 shares of the asset manager’s stock valued at $233,000 after acquiring an additional 17 shares in the last quarter. Finally, ABN Amro Investment Solutions grew its stake in shares of BlackRock by 489.4% in the first quarter. ABN Amro Investment Solutions now owns 53,026 shares of the asset manager’s stock valued at $50,996,000 after buying an additional 44,030 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.
BlackRock Price Performance BLK opened at $1,037.31 on Wednesday. The company has a market capitalization of $160.77 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 1.19 and a beta of 1.43. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $1,032.09 and a 200-day moving average price of $1,042.37. BlackRock has a twelve month low of $917.39 and a twelve month high of $1,219.94.
BlackRock (NYSE:BLK – Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.69 by $1.22. BlackRock had a return on equity of 15.01% and a net margin of 24.09%.The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same period in the previous year, the company posted $12.05 EPS. The firm’s revenue for the quarter was up 30.6% compared to the same quarter last year. Equities analysts expect that BlackRock will post 55.63 EPS for the current year.
BlackRock Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 5th were paid a $5.73 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $22.92 annualized dividend and a yield of 2.2%. BlackRock’s payout ratio is currently 54.78%.
Wall Street Analyst Weigh In A number of analysts have recently issued reports on BLK shares. BNP Paribas Exane raised their target price on shares of BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. BMO Capital Markets upped their target price on BlackRock from $1,250.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Jefferies Financial Group decreased their price target on BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,258.00 price target on shares of BlackRock in a research report on Thursday, July 16th. Finally, Weiss Ratings raised shares of BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,304.29.
Check Out Our Latest Analysis on BLK
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 Insider Activity In other BlackRock 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 value of $35,613,645.00. Following the completion of the transaction, the chief executive officer owned 230,516 shares of the company’s stock, valued at approximately $242,168,583.80. The trade was a 12.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Robert Kapito sold 8,739 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was 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 owned 210,186 shares in the company, valued at approximately $222,082,527.60. This trade represents 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 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 Stories Five stocks we like better than BlackRock Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible 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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DALLAS & NEW YORK & ABU DHABI--(BUSINESS WIRE)--The Artificial Intelligence Infrastructure Partnership (“AIP”), MGX, and BlackRock's Global Infrastructure Partners (“GIP”) (collectively, the “Consortium”), today successfully completed their previously announced acquisition of 100% of the equity in Aligned Data Centers (“Aligned” or the “Company”) from private infrastructure funds managed by Macquarie Asset Management and its co-invest partners. The transaction, which represents Aligned's enterp.
Google’s reported next-generation AI chip, however, suggests there may be another way to attack the problem.
Google’s AI Bet Isn’t Just About Faster ChipsAccording to a CNBC report citing The Information, Google is developing an AI chip known internally as Frozen v2, designed to permanently embed parts of its Gemini AI model directly into the silicon.
Unlike conventional AI accelerators that rely primarily on software to run increasingly large models, Frozen v2 aims to integrate portions of the model into the hardware itself, improving inference efficiency while reducing the computing resources required to perform AI tasks.
The objective isn’t simply to make AI faster. It’s to make AI more efficient.
That distinction matters as hyperscalers race to build ever-larger AI infrastructure.
The AI Race May Become A Power RaceChina is currently building roughly 100 gigawatts of nuclear capacity and nearly 100 gigawatts of solar generation, investments Fink says are laying the foundation for the country’s AI ambitions. If electricity becomes the industry’s primary bottleneck, simply deploying more GPUs may no longer be enough.
That’s where Google’s reported chip strategy becomes particularly interesting.
Instead of solving the problem by generating more power, Google appears to be exploring how to accomplish more AI work with each watt of electricity consumed. If Frozen v2 delivers meaningful improvements in performance per watt, it could complement—not replace—the industry’s massive investments in data centers and power infrastructure.
Alphabet’s earnings will almost certainly focus on AI spending and cloud demand. But investors may want to listen for something else: whether the company is talking as much about AI efficiency as it is about AI scale.
If Fink is correct, the next contest in AI won’t simply be over who builds the biggest models—it will be over who can power them most efficiently.
Photo: Photo Agency/Shutterstock
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BlackRock (BLK), a global investment management firm expanding further into private markets, is preparing a debt sale of more than $12 billion to help finance a
New coalition aims to help address America's growing skilled labor shortage and create pathways to high-quality careers across the country
, /PRNewswire/ -- Four leading American companies – BlackRock, Carhartt, Ford Motor Company, and Google – have come together to launch the Alliance for America's Skilled Trades, a new initiative focused on expanding access to skilled trades training and helping meet the nation's growing workforce needs. The founding members of the Alliance have already independently committed to supporting skilled workforce training initiatives in 30 states across the U.S.
Credit: Adam Schultz for Ford Motor Company The United States is experiencing a surging demand for skilled workers across industries critical to the country's future, creating a milestone moment for the American people. An estimated 2.1 million skilled trades positions could go unfilled by 2030, including for electrical workers, technicians, and builders. These open roles are vital to supporting critical industries – including infrastructure, energy, and manufacturing – and they offer workers the chance to benefit from the higher wages and greater economic mobility that skilled jobs provide.1
The skilled trades are not only crucial to a thriving, modern economy, they can be pathways to greater economic mobility, stable employment, and long-term financial security for millions of Americans and their families. Workers in infrastructure-related skilled trades earn above-average wages in the U.S. and often have access to employment benefits like retirement savings and health care – without requiring the cost of a four-year college degree.2
Through the Alliance, the companies aim to multiply their impact in three key areas:
Build the skilled trades pipeline by broadening access and increasing exposure to the trades for more Americans. By raising awareness and providing clear, accessible pathways into the trades, more people can transition into fields that offer greater stability, higher wages, and create long-term opportunities in their careers and economic impact for their communities. Scale evidence-based workforce development approaches such as investing in apprenticeships and pre-apprenticeships programs that create opportunities to earn and learn on the job. These programs are vital options that can enable more American workers to gain critical new skills and economic mobility. The Alliance will also partner with Burning Glass and Jobs for the Future on a report to help measure gaps, track progress, and share best practices. Expand the partnership to like-minded industry, labor, education, and nonprofit organizations to reach more workers and communities across the country. This builds on the existing work we're already doing alongside labor unions, trade associations, and professional organizations across the construction and electrical sectors – institutions that have spent decades building the expertise, local relationships, and pipelines that turn standard jobs into lifelong careers. Bayo Ogunlesi, Chairman and Chief Executive Officer of Global Infrastructure Partners, a part of BlackRock, said, "Investment in America's infrastructure will help shape the country's long-term economic trajectory, but its success ultimately depends on the skilled workforce that brings these projects to life. Expanding that talent pipeline requires long-term commitment and partnership across sectors. BlackRock and GIP are proud to launch the Alliance for America's Skilled Trades to support the workers who will build, operate, and maintain the infrastructure that underpins America's future competitiveness."
Linda Hubbard, President and Chief Executive Officer of Carhartt, added, "For more than 137 years, Carhartt has proudly served the skilled men and women who build, repair, and keep America running. Through the Alliance for America's Skilled Trades, we're honored to work alongside like-minded organizations to raise awareness of the trades and open more pathways to meaningful careers that strengthen families, communities, and our economy."
Jim Farley, President and Chief Executive Officer of Ford, said, "At Ford, we recognize the skilled trades workforce shortage is a national crisis but also a generational opportunity. Skilled trades are at the heart of what we call the Essential Economy, the 95 million Americans who build, move, and fix the things our country depends on every day. You see it across our own business, from the tens of thousands skilled tradespeople and technicians in our plants and dealerships to the millions of workers who rely on Ford Pro vehicles to do the jobs that keep our country running. These vital trades and industries form the backbone of the American economy, and their future is America's future. Ford's work is inseparable from America's, and we are honored to join these great companies who are also committed to securing our nation's future."
Ruth Porat, President and Chief Investment Officer of Alphabet and Google, said: "Building the physical infrastructure for America's future requires significantly increasing the pipeline of skilled tradespeople across the country – a challenge that can only be addressed with collective action. Google is proud to help launch the Alliance for America's Skilled Trades, expanding on our years of investment to both strengthen pathways to enduring opportunities in high-demand careers and increase economic opportunity for communities across the country – powered by collaboration across industry, civil society, and government."
Two and a half centuries ago, America's founders launched a great national experiment. That experiment succeeded beyond what anyone could have imagined—thanks in large part to the skilled workers who actually built the nation. Along the way, they turned hard work into lasting opportunity. By working together, the Alliance for America's Skilled Trades aims to make that dream a reality for a new generation.
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 Carhartt
Established in 1889, Carhartt is a global premium workwear brand with a rich heritage of developing durable products for workers on and off the job. Headquartered in Dearborn, Michigan, with approximately 3,000 employees worldwide, Carhartt is family-owned and managed by the descendants of the company's founder, Hamilton Carhartt. For more information, visit www.carhartt.com.
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams. The company's Ford+ plan for growth and value creation combines existing strengths, new capabilities, and always-on relationships with customers to enrich experiences for customers and deepen their loyalty. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services, including BlueCruise (ADAS) and security. The company offers freedom of choice through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough electric vehicles ("EVs") along with embedded software that defines always-on digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Ford employs about 169,000 people worldwide. More information about the company and its products and services is available at fromtheroad.ford.com.
About Google
Google's mission is to organize the world's information and make it universally accessible and useful. Through products and platforms like Search, Maps, Gmail, Android, Google Play, Google Cloud, Chrome and YouTube, Google plays a meaningful role in the daily lives of billions of people and has become one of the most widely-known companies in the world. Google is a subsidiary of Alphabet Inc.
TORONTO, July 21, 2026 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the July 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 July 28, 2026 will receive cash distributions payable in respect of that iShares ETF on July 31, 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$0.052
iShares 1-5 Year Laddered Corporate Bond Index ETFCBO$0.054iShares S&P/TSX Canadian Dividend Aristocrats Index ETFCDZ$0.114iShares Equal Weight Banc & Lifeco ETFCEW$0.066iShares 1-5 Year Laddered Government Bond Index ETFCLF$0.035iShares 1-10 Year Laddered Government Bond Index ETFCLG$0.039iShares S&P/TSX Canadian Preferred Share Index ETFCPD$0.059iShares US Dividend Growers Index ETF (CAD-Hedged)CUD$0.096iShares Convertible Bond Index ETFCVD$0.076iShares Global Monthly Dividend Index ETF (CAD-Hedged)CYH$0.076iShares Canadian Financial Monthly Income ETFFIE$0.040iShares U.S. Aggregate Bond Index ETFXAGG$0.119iShares U.S. Aggregate Bond Index ETF(1)XAGG.U$0.085iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)XAGH$0.120iShares Core Canadian Universe Bond Index ETFXBB$0.081iShares Core Canadian Corporate Bond Index ETFXCB$0.070iShares ESG Advanced Canadian Corporate Bond Index ETFXCBG$0.127iShares U.S. IG Corporate Bond Index ETFXCBU$0.124iShares U.S. IG Corporate Bond Index ETF(1)XCBU.U$0.088iShares Core MSCI Global Quality Dividend Index ETFXDG$0.075iShares Core MSCI Global Quality Dividend Index ETF(1)XDG.U$0.053iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)XDGH$0.059iShares Core MSCI Canadian Quality Dividend Index ETFXDIV$0.120iShares Core MSCI US Quality Dividend Index ETFXDU$0.150iShares Core MSCI US Quality Dividend Index ETF(1)XDU.U$0.107iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)XDUH$0.055iShares Canadian Select Dividend Index ETFXDV$0.124iShares J.P. Morgan USD Emerging Markets Bond Index ETF (CAD-Hedged)XEB$0.059iShares S&P/TSX Composite High Dividend Index ETFXEI$0.114iShares Core Canadian 15+ Year Federal Bond Index ETFXFLB$0.116iShares Flexible Monthly Income ETFXFLI$0.189iShares Flexible Monthly Income ETF(1)XFLI.U$0.134iShares Flexible Monthly Income ETF (CAD-Hedged)XFLX$0.174iShares S&P/TSX Capped Financials Index ETFXFN$0.153iShares Floating Rate Index ETFXFR$0.045iShares Core Canadian Government Bond Index ETFXGB$0.051iShares Global Government Bond Index ETF (CAD-Hedged)XGGB$0.043iShares Canadian HYBrid Corporate Bond Index ETFXHB$0.076iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)XHD$0.074iShares U.S. High Dividend Equity Index ETFXHU$0.072iShares U.S. High Yield Bond Index ETF (CAD-Hedged)XHY$0.082iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged)XIG$0.073iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged)XIGS$0.128iShares 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$0.057iShares ESG Aware Canadian Aggregate Bond Index ETFXSAB$0.050iShares Core Canadian Short Term Bond Index ETFXSB$0.068iShares Conservative Short Term Strategic Fixed Income ETFXSC$0.052iShares 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$0.154iShares 1-5 Year U.S. IG Corporate Bond Index ETF(1)XSHU.U$0.109iShares Short Term Strategic Fixed Income ETFXSI$0.057iShares Core Canadian 1-10 Year Bond Index ETFXSMB$0.103iShares ESG Aware Canadian Short Term Bond Index ETFXSTB$0.046iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)XSTH$0.346iShares 0-5 Year TIPS Bond Index ETFXSTP$0.404iShares 0-5 Year TIPS Bond Index ETF(1)XSTP.U$0.287iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged)XTLH$0.122iShares 20+ Year U.S. Treasury Bond Index ETFXTLT$0.135iShares 20+ Year U.S. Treasury Bond Index ETF(1)XTLT.U$0.096iShares Diversified Monthly Income ETFXTR$0.040iShares S&P/TSX Capped Utilities Index ETFXUT$0.091 (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 July Cash Distributions for the iShares Premium Money Market ETF
The July 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$0.105
BlackRock Canada expects to issue a press release on or about July 27, 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 years of experience, a global line-up of more than 1,700 exchange traded funds (ETFs) and approximately $6.2 trillion in assets under management as of June 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.
Assetmark Inc. lifted its holdings in BlackRock (NYSE:BLK – Free Report) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,769 shares of the asset manager’s stock after purchasing an additional 569 shares during the quarter. Assetmark Inc.’s holdings in BlackRock were worth $26,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Shum Financial Group Inc. increased its holdings in BlackRock by 0.4% in the 4th quarter. Shum Financial Group Inc. now owns 2,183 shares of the asset manager’s stock worth $2,336,000 after buying an additional 9 shares in the last quarter. First Bancorp Inc ME lifted its stake in BlackRock by 2.9% during the 4th quarter. First Bancorp Inc ME now owns 321 shares of the asset manager’s stock valued at $344,000 after acquiring an additional 9 shares during the period. Rather & Kittrell Inc. boosted its holdings in shares of BlackRock by 2.1% during the 4th quarter. Rather & Kittrell Inc. now owns 430 shares of the asset manager’s stock valued at $461,000 after acquiring an additional 9 shares during the last quarter. Oakworth Capital Inc. boosted its holdings in shares of BlackRock by 1.2% during the 4th quarter. Oakworth Capital Inc. now owns 755 shares of the asset manager’s stock valued at $808,000 after acquiring an additional 9 shares during the last quarter. Finally, Mechanics Financial Corp grew its stake in shares of BlackRock by 0.5% in the fourth quarter. Mechanics Financial Corp now owns 1,900 shares of the asset manager’s stock worth $2,034,000 after acquiring an additional 10 shares during the period. 80.69% of the stock is owned by institutional investors.
Insiders Place Their Bets In related news, President Robert Kapito sold 8,739 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the transaction, the president directly owned 210,186 shares of the company’s stock, valued at approximately $222,082,527.60. This trade represents a 3.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Laurence Fink sold 33,900 shares of BlackRock stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $1,050.55, for a total value of $35,613,645.00. Following the transaction, the chief executive officer owned 230,516 shares in the company, valued at $242,168,583.80. This trade represents a 12.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.92% of the company’s stock.
BlackRock Price Performance Shares of NYSE:BLK opened at $1,072.30 on Friday. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $166.20 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 1.27 and a beta of 1.43. The firm’s 50 day moving average price is $1,033.74 and its 200-day moving average price is $1,043.13. BlackRock has a twelve month low of $917.39 and a twelve month high of $1,219.94.
BlackRock (NYSE:BLK – Get Free Report) last announced its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.69 by $1.22. BlackRock had a net margin of 24.09% and a return on equity of 15.01%. The company had revenue of $7.08 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same period in the previous year, the business posted $12.05 earnings per share. The firm’s quarterly revenue was up 30.6% compared to the same quarter last year. Equities research analysts expect that BlackRock will post 55.24 EPS for the current year.
BlackRock Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Friday, June 5th were paid a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, June 5th. BlackRock’s dividend payout ratio (DPR) is currently 57.53%.
Wall Street Analyst Weigh In Several research analysts have recently weighed in on the stock. TD Cowen decreased their price objective on shares of BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a report on Thursday, April 9th. BMO Capital Markets lifted their target price on shares of BlackRock from $1,250.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. upgraded shares of BlackRock from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $1,165.00 to $1,364.00 in a research note on Thursday. Barclays increased their price target on BlackRock from $1,340.00 to $1,450.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,304.29.
Check Out Our Latest Stock Report on BLK
Trending Headlines about BlackRock Here are the key news stories impacting BlackRock this week:
Positive Sentiment: BlackRock reported record second-quarter results, with revenue and earnings beating Wall Street estimates and client assets reaching a new high, highlighting strong operating momentum. Blackrock CEO Says Client Demand Has ‘Never Been Greater’ as Assets Reach Record $15.3 Trillion Positive Sentiment: BMO Capital Markets raised its price target on BlackRock to $1,300 and kept an outperform view, while other firms also lifted targets after the earnings beat, signaling rising Street confidence. BlackRock price target raised by BMO Capital Markets Positive Sentiment: J.P. Morgan upgraded BlackRock to overweight/buy-equivalent and Bank of America reiterated a buy rating, citing growth opportunities in tokenization, private markets, direct indexing, and automation-led margin expansion. JP Morgan upgrades BlackRock to buy-equivalent after Q2 earnings Positive Sentiment: BlackRock’s iShares business surpassed $6 trillion in assets, and Bitcoin ETF inflows continued to support the firm’s fast-growing ETF platform, reinforcing a strong fee-based growth story. BlackRock iShares Surpasses $6 Trillion in Assets Neutral Sentiment: Several articles highlighted BlackRock’s expanding ownership stakes in other companies and broader market commentary, but these items are not likely to materially move BLK shares on their own. 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.
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NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of investors in BlackRock, Inc. mutual funds, resulting from allegations that BlackRock may have issued materially misleading business information to the investing public. So What: If you purchased BlackRock mutual funds you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. T.
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.
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Headquartered in New York, BlackRock (BLK - Free Report) is a Finance stock that has seen a price change of 1.56% so far this year. The investment firm is currently shelling out a dividend of $5.73 per share, with a dividend yield of 2.11%. This compares to the Financial - Investment Management industry's yield of 2.76% and the S&P 500's yield of 1.32%.
Looking at dividend growth, the company's current annualized dividend of $22.92 is up 10% from last year. Over the last 5 years, BlackRock has increased its dividend 5 times on a year-over-year basis for an average annual increase of 7.33%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. BlackRock's current payout ratio is 47%, meaning it paid out 47% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, BLK expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $54.72 per share, representing a year-over-year earnings growth rate of 13.79%.
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. However, not all companies offer a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, BLK is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
BlackRock (BLK - Free Report) ) and Goldman Sachs (GS - Free Report) ) delivered record Q2 results this week, maintaining the strong momentum that has fueled financial stocks.
Robust capital markets activity and healthy client inflows helped both companies comfortably exceed expectations and post quarterly records for revenue and adjusted EPS, respectively.
BlackRock continues to dominate the global asset management market with record assets under management (AUM), while Goldman Sachs benefited from a resurgence in investment banking and trading activity.
For investors deciding between the two financial leaders, the question becomes whether the stability of BlackRock or the cyclical growth potential of Goldman Sachs offers the better opportunity going forward.
Record AUM Fuels BlackRock’s Strong Q2 ResultsBlackRock produced another outstanding quarter, highlighted by its AUM surpassing $15 trillion for the first time in company history after attracting $192 billion of net client inflows during Q2.
Revenue climbed more than 30% year over year to $7.08 billion and comfortably exceeded Q2 estimates of $6.82 billion.
On the bottom line, BlackRock posted Q2 adjusted net income of $2.29 billion or $13.91 per share, which increased 15% from a year ago and topped EPS expectations of $12.67 by nearly 10%. Notably, the firm's operating margin expanded to roughly 46%, its highest level in nearly five years.
Perhaps more importantly, management remained highly optimistic about its long-term outlook, highlighting continued expansion across ETFs, private markets, and technology services.
BlackRock also increased its quarterly share repurchases to $550 million and raised its full-year share repurchase target to roughly $2 billion. Although BlackRock doesn’t offer specific financial guidance, the company reaffirmed expectations for continued double-digit earnings growth.
Image Source: Zacks Investment Research
Goldman Had The More Explosive Earnings ReportPivoting to Goldman Sachs, Q2 revenue surged 39% YoY to $20.33 billion and blasted estimates of $16.49 billion by 23%.
More impressive, Goldman reported Q2 adjusted net income of $6.63 billion, translating to EPS of $20.98, which nearly doubled from a year ago and crushed expectations of $14.47 per share by 45%.
Furthermore, Goldman highlighted that its annualized return on equity (ROE) reached an impressive 23.5%.
The biggest driver was Global Banking & Markets, where revenue soared 53% thanks to exceptionally strong investment banking activity, equity underwriting, debt underwriting, and trading results. It’s noteworthy that Goldman’s investment banking fees increased 55% as capital markets remained highly active.
Like BlackRock, Goldman doesn't provide traditional earnings guidance, although management struck an optimistic tone regarding client engagement, deal pipelines, and capital markets activity, suggesting favorable conditions may continue into the second half of the year.
Image Source: Zacks Investment Research
Performance & Valuation Comparison (P/E)While both stocks have rewarded long-term shareholders, Goldman Sachs has generated substantially stronger returns in recent years.
In the last three years, Goldman Sachs' stock has soared over 230%, impressively outperforming the benchmark S&P 500’s 75% return. On the other hand, BlackRock shares are up a very respectable 50% but have trailed the broader market.
Image Source: Zacks Investment Research
Despite an extensive rally, Goldman’s 19X forward earnings multiple still offers a slight discount to BlackRock’s 20X. Still, both stocks offer a pleasant discount to the benchmark’s 23X.
That said, BlackRock is roughly on par with its decade-long forward P/E median, while Goldman Sachs is noticeably above its 10-year average of 14X.
Image Source: Zacks Investment Research
BlackRock’s Dividend Levels the Playing FieldDespite Goldman’s more attractive stock performance and valuation, income investors may prefer BlackRock.
BlackRock has maintained the higher dividend yield throughout most of the last year, reflecting its shareholder-friendly capital allocation strategy and highly predictable cash flow generated from recurring management fees.
Goldman Sachs has steadily increased its dividend over time as well, but its stronger share price appreciation has compressed the yield. While Goldman’s 1.56% annual dividend yield still tops the S&P 500’s average, BlackRock’s sits at a more attractive 2.1%.
Image Source: Zacks Investment Research
Conclusion & Strategic Thoughts Choosing between these financial leaders largely depends on an investor's objectives.
For investors prioritizing dependable long-term compounding, recurring revenue, and a higher dividend yield, BlackRock remains one of the highest-quality financial companies in the market.
However, investors seeking stronger earnings momentum and a more attractive growth-to-valuation profile may find Goldman Sachs to be the more compelling opportunity following its outstanding Q2 results.
For now, Goldman Sachs' stock sports a Zacks Rank #2 (Buy) with BlackRock landing a Zacks Rank #3 (Hold).
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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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Considering buying BLK stock? Here’s what analysts think:
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BlackRock Inc. (NYSE:BLK) on Wednesday reported second-quarter results that beat Wall Street expectations.
Second-quarter revenue increased 31% year over year to $7.08 billion, topping the analyst consensus estimate of $6.70 billion. Adjusted earnings came in at $13.91 per share, ahead of the consensus estimate of $12.60.
Chief Executive Officer Laurence Fink said strong market conditions, improving profitability and advances in technology continued to drive growth.
BlackRock shares rose 0.8% to $1,102.59 in pre-market trading.
These analysts made changes to their price targets on BlackRock following earnings announcement.
Considering buying BLK stock? Here’s what analysts think:
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SummaryBlackRock, the world's largest asset manager, reported stellar results for the second quarter of 2026 yesterday.In this update, I'll analyze how BlackRock maintains an exceptional 40% operating margin while relentlessly lowering fees to starve out active management competitors.I'll explain a lesser-known revenue stream that grew 40% year-over-year and is increasingly contributing to offset the industry-wide decline in asset management fee rates.I'll also uncover an extreme tail risk hidden in the securities lending practices common to many ETFs, which could pose serious counterparty risks during a severe liquidity crisis.Finally, I'llshare why I am patiently holding onto my BLK stock position - despite a solidearnings report, which in and of itself would justify a buy rating. georgeclerk/iStock Unreleased via Getty Images
Introduction Passive investing giant BlackRock Inc. (BLK) reported its second-quarter 2026 earnings yesterday, sending shares up 7% for the day. Of course, with asset managers essentially representing a leveraged bet on the markets they are mainly exposed to, volatility is generally to
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of BLK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Disclaimer: The contents of this article, my previous articles, and my comments are for informational purposes only and may not be considered investment and/or tax advice. I am a private investor from Europe and share my investing journey here on Seeking Alpha. I am neither a licensed investment advisor nor a licensed tax advisor. Furthermore, I am not an expert on taxes and related laws—neither in relation to the U.S. nor other geographies/jurisdictions. It is not my intention to give financial and/or tax advice, and I am in no way qualified to do so. Although I do my best to make sure that what I write is accurate and well-researched, I cannot be held responsible and accept no liability whatsoever for any errors, omissions, or consequences resulting from the enclosed information. The writing reflects my personal opinion at the time of writing. If you intend to invest in the stocks or other investment vehicles mentioned in this article—or in any investment vehicle generally—please consult your licensed investment advisor. If uncertain about tax-related implications, please consult your licensed tax advisor.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of BLK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Asset management giant BlackRock (BLK +6.63%) reported second-quarter results on Wednesday, and the numbers came with a milestone: assets under management (AUM) of $15.3 trillion. No company has ever managed more, and none had crossed $15 trillion until now.
Investors cheered, sending shares 6.6% higher on the day.
Round numbers usually make better headlines than investment theses. But in BlackRock's case, the record arrived alongside accelerating client inflows, 31% revenue growth, and the company's highest adjusted operating margin in almost five years.
So what does the record actually mean for the stock? Here's a closer look.
Image source: Getty Images.
Where the $15 trillion came from The best way to judge an asset manager is by its net flows (the new money clients hand it, minus what they pull out), because a rising market can inflate AUM even when clients are leaving.
On that measure, BlackRock is accelerating. Clients added $192 billion of net new money in the second quarter, up from about $68 billion in the year-ago period and about $129 billion in the first quarter of this year.
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That brought first-half net inflows to a record $321 billion. For perspective, the company's AUM stood at $13.9 trillion just three months earlier, at the end of March.
The flows were broad-based, too. ETFs led the way with $178 billion of second-quarter net inflows, and BlackRock said its iShares ETF business crossed $6 trillion in AUM, roughly double its size three years ago. By asset class, fixed income took in the most money of all, at $92 billion. And another $53 billion flowed into the company's active strategies, including a record $7 billion into liquid alternatives.
"In the second quarter clients entrusted us with $192 billion of net inflows, generating 8% organic base fee growth," said BlackRock CEO Larry Fink in the company's second-quarter earnings release, calling that growth rate "well in excess of our target."
The financial results followed the flows. Second-quarter revenue rose 31% year over year to $7.1 billion, helped by market gains, organic growth, higher performance fees, and fees from the company's 2025 acquisition of private credit specialist HPS Investment Partners. Operating income climbed 42% year over year, or 39% on an adjusted basis. And BlackRock's adjusted operating margin expanded to 45.9% from 43.3% a year ago, the highest it has been in almost five years. Adjusted earnings per share rose 15% to $13.91.
One caveat is worth dwelling on, though. Most of the past year's increase in AUM came from rising markets, not new client money. Total AUM grew by roughly $2.8 trillion year over year, and net inflows accounted for $868 billion of that. Markets did most of the rest.
That caveat matters because BlackRock earns base fees as a percentage of the assets it manages -- $5.7 billion of base fees and securities lending revenue in the second quarter alone. A rising market lifts those fees with no extra effort from the company.
In a falling market, the same math runs in reverse -- AUM shrinks, and fees shrink with it. Anyone buying the stock after a big market run should keep that exposure in mind.
Still, the parts of the quarter BlackRock controls looked strong. Organic base fee growth of 8% came in above the company's own target. Technology services and subscription revenue, built around the company's Aladdin platform, grew 13% year over year, with annual contract value up 15%. And management now plans $2 billion of share repurchases in 2026, a signal of confidence in the growth ahead.
So, does the record quarter make the stock worth buying after Wednesday's pop?
At about $1,093 per share as of this writing, BlackRock trades at about 27 times earnings, and shares still sit about 10% below their 52-week high of $1,219.94. The stock also pays a dividend that yields about 2.1% at the current share price.
For a company growing adjusted earnings per share 15%, with organic growth running ahead of its own target, I think that valuation is reasonable. Not a bargain, but reasonable. And I'd be comfortable buying shares here. Of course, a stock built on AUM leans on the market itself -- a deep sell-off could drag fees, and likely the share price, down with it. Investors should size a position accordingly.
BlackRock delivered robust Q2 results with net inflows of $192B, driving AUM to a record $15.3T and accelerating organic asset growth. ETF business momentum remained strong. New product launches and inclusion in Trump accounts position BlackRock for continued inflow growth. Operating margin expanded to 45.9%, reflecting disciplined expense control and operating leverage, while share buybacks will increase to at least $550M per quarter.
SummaryBlackRock, Inc. demonstrated robust Q2 performance with record inflows, base fees, and double-digit revenue growth, reinforcing its ecosystem moat.BLK's diversification into private markets and tech services is accelerating, lowering its correlation with equity indexes and strengthening client relationships.Valuation is now more attractive: BLK trades at a 2026 P/E of 19x, cheaper than major peers and the S&P 500, with improving operating leverage.I am upgrading BLK to a Buy, citing solid growth, healthy financials, and a compelling risk/reward profile versus the broader market. georgeclerk/iStock Unreleased via Getty Images
I would say that in my last article on BlackRock, Inc. (BLK), I was kind of wrong (check it here). A good part of my thesis was, in fact, reinforced in this quarter; Q2 showed
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Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
BlackRock Inc (NYSE:BLK) reported second-quarter profit that topped Wall Street estimates on Wednesday, powered by record inflows and higher fees.
The world's largest asset manager posted adjusted earnings of $13.91 per share, beating the average analyst estimate of $12.57 and up 15% from a year earlier.
Revenue rose 31% to $7.08 billion, ahead of the $6.72 billion expected by analysts.
Assets under management climbed 22% to $15.34 trillion, as the firm pulled in $191.7 billion in total net inflows for the quarter.
ETFs led the gains with $177.9 billion in inflows, while active strategies added $53.3 billion. Fixed income drew $92.1 billion and equities brought in $71.6 billion. Alternatives added $22 billion, including $15.4 billion into private markets.
Cash management was the lone laggard, with $7.4 billion in outflows.
BlackRock's iShares ETF business ended the quarter with $6.25 trillion in assets.
Base fees and securities lending revenue rose 29% to $5.73 billion, while performance fees more than tripled to $305 million. The company said its recent acquisition of HPS Investment Partners contributed roughly $230 million to base fees in the quarter.
Organic base fee growth came in at 8% for the quarter and 10% over the trailing twelve months, with net inflows over that period totaling $868 billion. The first half of the year brought a record $321 billion in net inflows.
Adjusted net income rose 22% to $2.29 billion, while adjusted operating income climbed 39% to $2.92 billion. Adjusted operating margin expanded 260 basis points to 45.9%.
BlackRock said it repurchased $450 million of shares during the quarter and raised its planned quarterly buyback pace to $550 million, lifting its full-year 2026 repurchase target to $2 billion. The company also paid a dividend of $5.73 per share.
Shares of BlackRock were up 7.2% in early Wednesday trading in New York.
BlackRock Inc (NYSE:BLK) reported second-quarter profit that topped Wall Street estimates on Wednesday, powered by record inflows and higher fees.
The world's largest asset manager posted adjusted earnings of $13.91 per share, beating the average analyst estimate of $12.57 and up 15% from a year earlier.
Revenue rose 31% to $7.08 billion, ahead of the $6.72 billion expected by analysts.
Assets under management climbed 22% to $15.34 trillion, as the firm pulled in $191.7 billion in total net inflows for the quarter.
ETFs led the gains with $177.9 billion in inflows, while active strategies added $53.3 billion. Fixed income drew $92.1 billion and equities brought in $71.6 billion. Alternatives added $22 billion, including $15.4 billion into private markets.
Cash management was the lone laggard, with $7.4 billion in outflows.
BlackRock's iShares ETF business ended the quarter with $6.25 trillion in assets.
Base fees and securities lending revenue rose 29% to $5.73 billion, while performance fees more than tripled to $305 million. The company said its recent acquisition of HPS Investment Partners contributed roughly $230 million to base fees in the quarter.
Organic base fee growth came in at 8% for the quarter and 10% over the trailing twelve months, with net inflows over that period totaling $868 billion. The first half of the year brought a record $321 billion in net inflows.
Adjusted net income rose 22% to $2.29 billion, while adjusted operating income climbed 39% to $2.92 billion. Adjusted operating margin expanded 260 basis points to 45.9%.
BlackRock said it repurchased $450 million of shares during the quarter and raised its planned quarterly buyback pace to $550 million, lifting its full-year 2026 repurchase target to $2 billion. The company also paid a dividend of $5.73 per share.
Shares of BlackRock were up 7.2% in early Wednesday trading in New York.
BlackRock shares rallied after a bumper quarterly earnings report, and the investment firm became the first to manage more than $15 trillion in assets.
BlackRock Chairman and CEO Larry Fink joins 'Squawk on the Street' to discuss the company's quarterly earnings results, latest market trends, impact of AI and technological advancements, benefits of long-term investing, and more.
BlackRock (BLK - Free Report) reported $7.08 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 30.6%. EPS of $13.91 for the same period compares to $12.05 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $6.83 billion, representing a surprise of +3.75%. The company delivered an EPS surprise of +9.79%, with the consensus EPS estimate being $12.67.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how BlackRock performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net inflows: $191.70 billion compared to the $159.46 billion average estimate based on two analysts.Assets under management - Cash management: $1,068.85 billion versus the two-analyst average estimate of $1,072.05 billion.Total Assets Under Management: $15,344.62 billion versus the two-analyst average estimate of $15,073.21 billion.Net inflows - Product Type - Cash management: $-7.43 billion versus the two-analyst average estimate of $3.45 billion.Revenue- Advisory and other revenue: $92 million versus $78.76 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +64.3% change.Revenue- Investment advisory, administration fees and securities lending revenue- Equity subtotal: $2.62 billion versus $2.51 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +37.1% change.Revenue- Distribution fees: $395 million versus the two-analyst average estimate of $395.86 million. The reported number represents a year-over-year change of +23.4%.Revenue- Investment advisory, administration fees and securities lending revenue- Long-Term: $5.38 billion compared to the $5.29 billion average estimate based on two analysts. The reported number represents a change of +29.7% year over year.Revenue- Investment advisory, administration fees and securities lending revenue- Fixed income- ETFs: $443 million versus the two-analyst average estimate of $450.19 million. The reported number represents a year-over-year change of +21%.Revenue- Investment advisory, administration fees and securities lending revenue- Equity- ETFs: $1.99 billion versus $1.9 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +42% change.Revenue- Investment advisory, administration fees and securities lending revenue- Non-ETF index: $385 million compared to the $350.88 million average estimate based on two analysts.Revenue- Investment advisory, administration fees and securities lending revenue- Digital assets, commodities and multi-asset ETFs: $163 million versus the two-analyst average estimate of $160.36 million.View all Key Company Metrics for BlackRock here>>>
Shares of BlackRock have returned -2.6% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Key Takeaways BlackRock beat Q2 earnings and revenue estimates as adjusted EPS rose 15% y/y.BLK's AUM reached $15.34 trillion, up 22% y/y, aided by $199B in long-term net inflows.BlackRock's revenues rose 31%, while total expenses increased 25% y/y. BlackRock’s (BLK - Free Report) second-quarter 2026 adjusted earnings of $13.91 per share handily surpassed the Zacks Consensus Estimate of $12.72. The figure reflects a 15% rise from the year-ago quarter.
Shares of the company gained 4.4% in the pre-market trading on better-than-expected results, primarily driven by record AUM balance. However, a full day’s trading session will depict a clearer picture.
Results benefited from a rise in revenues. The assets under management (AUM) balance witnessed robust year-over-year growth, driven by net inflows. However, higher expenses created a headwind.
Net income attributable to BlackRock (on a GAAP basis) was $1.91 billion, up 20% from the prior-year quarter.
BLK’s Revenues Improve, Expenses RiseQuarterly revenues (on a GAAP basis) were $7.08 billion, outpacing the Zacks Consensus Estimate of $6.84 billion. Revenues increased 31% year over year. The rise was driven by an increase in all revenue components.
Total expenses amounted to $4.62 billion, up 25% year over year. The increase was due to a rise in all cost components, except for the change in fair value of contingent consideration. Also, the company did not record any restructuring charge in the reported quarter.
Non-operating income (on a GAAP basis) was $258 million, down 50% from the prior-year quarter.
BlackRock’s adjusted operating income was $2.92 billion, increasing 39% from the prior-year quarter.
BlackRock’s AUM Balance RisesAs of June 30, 2026, AUM was a record $15.34 trillion, reflecting a year-over-year rise of 22%. The company witnessed long-term net inflows of $199 billion in the reported quarter.
As of June 30, 2026, the average AUM of $14.85 trillion rose 24% year over year.
BLK’s Share RepurchasesBlackRock repurchased shares worth $450 million in the reported quarter.
Our View on BlackRockBLK’s continued efforts to diversify offerings and improve its revenue mix are expected to continue to support its financials despite the ongoing private credit headwinds. The acquisitions of Global Infrastructure Partners, Preqin ElmTree Funds and HPS Investment Partners are likely to enhance the company’s position as a global asset manager. However, elevated expenses pose a significant challenge for the company.
BlackRock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Dates & Expectations of BLK’s PeersBlackstone Inc. (BX - Free Report) is slated to report second-quarter 2026 results on July 23.
Over the past week, the Zacks Consensus Estimate for BX’s quarterly earnings has been unchanged at $1.33. The figure implies a rise of 9.9% from the prior-year quarter’s reported number.
Invesco (IVZ - Free Report) is scheduled to announce second-quarter 2026 numbers on July 28.
Over the past seven days, the Zacks Consensus Estimate for IVZ’s quarterly earnings has been revised higher to 66 cents. The figure implies a surge of 83.3% from the prior-year quarter’s actual.
BlackRock, Inc. (BLK) Q2 2026 Earnings Call July 15, 2026 7:30 AM EDT
Company Participants
Christopher Meade - General Counsel & Chief Legal Officer
Martin Small - Senior MD, CFO & Global Head of Corporate Strategy
Laurence Fink - Founder, CEO & Chairman
Conference Call Participants
Craig Siegenthaler - BofA Securities, Research Division
Michael Cyprys - Morgan Stanley, Research Division
Alexander Blostein - Goldman Sachs Group, Inc., Research Division
Michael Brown - UBS Investment Bank, Research Division
Patrick Davitt - Autonomous Research US LP
Benjamin Budish - Barclays Bank PLC, Research Division
Brian Bedell - Deutsche Bank AG, Research Division
Alexander Bond - Keefe, Bruyette, & Woods, Inc., Research Division
Presentation
Operator
Good morning. My name is Shelley, and I will be your conference facilitator today. At this time, I would like to welcome everyone to the BlackRock, Inc. Second Quarter 2026 Earnings Teleconference. Our host for today's call will be Chairman and Chief Executive Officer, Laurence D. Fink; Chief Financial Officer, Martin S. Small; President, Robert S. Kapito; and General Counsel, Christopher J. Meade. [Operator Instructions]
Thank you. And Mr. Meade, you may begin your conference.
Christopher Meade
General Counsel & Chief Legal Officer
Good morning, everyone. I'm Chris Meade, the General Counsel of BlackRock. Before we begin, I'd like to remind you that during the course of this call, we may make a number of forward-looking statements. We call your attention to the fact that BlackRock's actual results may, of course, differ from these statements. As you know, BlackRock has filed reports with the SEC, which lists some of the factors that may cause the results of BlackRock to differ materially from what we say today. BlackRock assumes no duty and does not undertake to update any forward-looking statements.
Index Dow Jones +0,37 % na 52704,91 b. S&P 500 +0,41 % na 7574,82 b. Nasdaq Composite +0,61 % na 26265,92 b.
Nejsledovanější americké indexy v úvodu středečního obchodování posilují. Výsledková sezóna pokračuje a po reportu se daří akciím správce aktiv BlackRock (+7,2 %). Naopak po výsledcích ztrácejí akcie zdravotnické společnosti Elevance Health (-8,6 %). Bez výrazných pohybů se obchodují akcie farmaceutické společnosti Johnson & Johnson (-0,1 %), investiční banky Morgan Stanley (+0,6 %) či výrobce litografických zařízení ASML (+0,2 %). Podrobnosti výsledkových reportů naleznete v jednotlivých zprávách.
V popředí růstu jsou akcie PayPal (+16 %), a to poté, co agentura Reuters informovala, že Stripe a Advent International chtějí údajně koupit tohoto zprostředkovatele plateb za více než 53 mld. USD (60,5 USD na akcii).
Nejvíce ztrácejí akcie společnosti Pentair (-12 %), která se zaměřuje na úpravu vody. Firma totiž snížila svůj celoroční výhled. Analytici poukázali na slabé výsledky divize bazénů jako na hlavní brzdu růstu a dodali, že není jasné, jak a kdy se toto podnikání v bezprostřední budoucnosti zotaví. Pentair v celém roce nově očekává očištěný zisk na akcii v rozmezí 4,60 až 4,80 USD, dříve společnost projektovala 5,30 až 5,40 USD. Trh odhadoval 5,33 USD.
Americká pojišťovna Progressive (-7,8 %), která se specializuje na pojištění vozidel, oslabuje po zveřejnění výsledků hospodaření za 2Q. Čisté předepsané pojistné vzrostlo meziročně o 5 % na 21,08 mld. USD, což je mírně pod odhady 21,29 mld. USD. Zisk na akcii dosáhl 5,67 USD.
Index S&P 500 +0,41 % na 7574,82 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Zbytná spotřeba +1,2 % Energie -0,5 % Komunikační služby +1,1 % Průmysl 0 % Reality +0,7 % Zdravotní péče +0 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna PayPal Holdings (PYPL) +16 % Pentair (PNR) -12 % Blackrock (BLK) +7,2 % Elevance Health (ELV) -8,6 % Ares Management Corp (ARES) +6,0 % Progressive Corp (PGR) -7,8 % Cintas Corp (CTAS) +5,8 % Corning (GLW) -6,0 % Vistra Corp (VST) +5,1 % Sandisk Corp (SNDK) -5,8 % Zdroj: Bloomberg
BlackRock (BLK - Free Report) came out with quarterly earnings of $13.91 per share, beating the Zacks Consensus Estimate of $12.67 per share. This compares to earnings of $12.05 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +9.79%. A quarter ago, it was expected that this investment firm would post earnings of $11.46 per share when it actually produced earnings of $12.53, delivering a surprise of +9.34%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
BlackRock, which belongs to the Zacks Financial - Investment Management industry, posted revenues of $7.08 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.75%. This compares to year-ago revenues of $5.42 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
BlackRock shares have lost about 4.2% since the beginning of the year versus the S&P 500's gain of 10.2%.
What's Next for BlackRock?While BlackRock has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for BlackRock was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $13.82 on $7.32 billion in revenues for the coming quarter and $54.16 on $28.22 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Management is currently in the top 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, PennantPark (PFLT - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 10.
This investment company is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of +8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
PennantPark's revenues are expected to be $67.55 million, up 6.4% from the year-ago quarter.
BlackRock BLK shares climbed in premarket trading on Wednesday after the world's largest asset manager reported second-quarter earnings, revenue and assets under management that exceeded Wall Street expectations.
The company reported adjusted net income of $2.3 billion for the quarter, up 22% from a year earlier, while assets under management (AUM) rose 22% year over year to a record $15.3 trillion, marking the first time the firm has crossed the $15 trillion milestone.
Adjusted earnings per share came in at $13.91, well above analysts' estimates of about $12.65.
Revenue increased 31% from the prior year to $7.1 billion, beating consensus expectations of roughly $6.7 billion.
BlackRock shares rose 5% in premarket trading following the results.
BlackRock delivered stronger-than-expected financial results across its key metrics, extending the momentum seen earlier this year.
Revenue growth was supported by growth across the firm's investment businesses and contributions from its private markets platform.
The company also reported adjusted net income of $2.3 billion, reflecting continued growth in profitability.
Chief Executive Officer Larry Fink said the firm's operating environment remains favorable.
“Market fundamentals are strong and well supported, with higher margins and earnings momentum catalyzed by new technology,” Fink said in a statement. “Flows in the first six months of 2026 more than doubled year-over-year.”
He added: “Our momentum is accelerating, and I’ve never been more optimistic about the growth ahead.”
Client inflows remained a major driver of BlackRock's growth during the quarter.
The firm attracted $192 billion of net client inflows during the second quarter, while total long-term net inflows reached $199 billion, exceeding the $170 billion average estimate compiled by Bloomberg.
BlackRock's exchange-traded fund business accounted for the majority of new client money, bringing in $178 billion of net inflows.
Actively managed investment strategies also attracted strong demand, with investors adding $53 billion on a net basis.
For the first half of 2026, BlackRock reported record net inflows of $321 billion.
The growth lifted total assets under management to $15.3 trillion, up from $13.9 trillion at the end of the first quarter and $12.5 trillion a year earlier.
BlackRock also continued expanding its higher-margin private markets and alternatives businesses.
The company reported 8% growth in organic base fees, marking the eighth consecutive quarter in which organic base fee growth exceeded 5%.
Performance fees increased by $211 million compared with the prior-year period, primarily due to stronger revenue from alternative investment products.
Alternative and liquid private assets generated $22 billion of inflows during the quarter, compared with $14.6 billion in the previous quarter.
Private markets accounted for $15.4 billion of those inflows.
BlackRock said revenue also benefited from fees associated with its acquisition of HPS Investment Partners, the private credit firm it agreed to acquire for $12 billion in 2025.
Reflecting confidence in its growth outlook, the company increased its planned share repurchases for 2026 to $2 billion.
Visa’s Open USD Push Puts Circle’s Stablecoin Moat Under PressureBlackRock 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.
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TPG Built a Record Year, Then Lost 40%—Is the Selloff Overdone? 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 3 of the Most Highly Anticipated IPOs of 2026Small 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: BLKBlackRock, 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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE: BLK) today released its financial results for the second quarter of 2026. The company's earnings release and supplemental materials are available via ir.blackrock.com/quarterlyresults. Teleconference and Webcast Details Chairman and Chief Executive Officer, Laurence D. Fink, President, Robert S. Kapito, and Chief Financial Officer, Martin S. Small, will host a teleconference call for investors and analysts at 7:30 a.m. ET. Members of the public.
HomeIndustriesShares rise as company says its will boost quarterly buybacks to $550 millionJuly 15, 2026, 7:13 a.m. ET
BlackRock’s shares jumped early Wednesday after strong inflows into exchange-traded funds and buoyant markets helped the world’s biggest asset manager beat Wall Street’s earnings expectations.
BlackRock Chairman and CEO Laurence Fink said market “fundamentals are strong and well supported, with higher margins and earnings momentum catalyzed by new technology,” as he announced that as assets under management rose above $15 trillion.
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.
Investors interested in Financial - Investment Management stocks are likely familiar with Affiliated Managers Group (AMG - Free Report) and BlackRock (BLK - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Affiliated Managers Group has a Zacks Rank of #2 (Buy), while BlackRock has a Zacks Rank of #3 (Hold) right now. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that AMG is likely seeing its earnings outlook improve to a greater extent. But this is just one factor that value investors are interested in.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
AMG currently has a forward P/E ratio of 10.17, while BLK has a forward P/E of 19.05. We also note that AMG has a PEG ratio of 0.58. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BLK currently has a PEG ratio of 1.24.
Another notable valuation metric for AMG is its P/B ratio of 2.4. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, BLK has a P/B of 2.82.
Based on these metrics and many more, AMG holds a Value grade of A, while BLK has a Value grade of D.
AMG stands above BLK thanks to its solid earnings outlook, and based on these valuation figures, we also feel that AMG is the superior value option right now.
Morgan Stanley will release its second quarter earnings report before the opening bell on Wednesday, July 15. Analysts expect the bank to report quarterly earnings of $2.81 per share, up from $2.13 per share in the year-ago period. The consensus estimate for Morgan Stanley’s quarterly revenue is $19.34 billion. It reported $16.79 billion last year, according to Benzinga Pro.
Jim Lebenthal, partner and chief market strategist at Cerity Partners, named BlackRock, Inc. (NYSE:BLK) as his final trade.
Lending support to his choice, Keefe, Bruyette & Woods analyst Alex Bond, on July 10, maintained BlackRock with an Outperform rating and raised the price target from $1,240 to $1,275, while Evercore ISI Group analyst Glenn Schorr maintained the stock with an Outperform rating and boosted the price target from $1,140 to $1,145.
Don’t forget to check out our premarket coverage here
Stephanie Link, chief investment strategist, head of investment solutions and equity portfolio manager at Hightower Advisors, recommended Capital One Financial Corporation (NYSE:COF).
Supporting her view, HSBC analyst Saul Martinez, on Monday, upgraded Capital One Financial from Hold to Buy and raised the price target from $226 to $229.
Joseph M. Terranova, senior managing director for Virtus Investment Partners, picked Valero Energy Corporation (NYSE:VLO).
Raymond James analyst Justin Jenkins, on Monday, maintained Valero Energy with a Strong Buy and raised the price target from $300 to $340.
Price Action:
Morgan Stanley shares fell 0.5% to close at $221.09 on Monday. BlackRock shares declined 0.4% to settle at $1,031.56 during the session. Capital One Financial shares gained 0.7% to close at $203.02 on Monday. Valero Energy shares rose 5.4% to settle at $295.79 during the session. Photo via Shutterstock
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Výsledková sezóna v USA se tento týden začíná rozbíhat. V centru pozornosti bude především finanční sektor, zejména výsledky velkých amerických bank, jako jsou JPMorgan Chase, Bank of America, Goldman Sachs, Wells Fargo, Citi či Morgan Stanley. Investoři budou sledovat také výsledky správce aktiv BlackRock. Mimo finance budou důležité také výsledky ze segmentu polovodičů, kde reportují ASML a TSMC. Pozornost investorů přitáhne rovněž Netflix, zatímco zdravotnický sektor zastoupí UnitedHealth Group, Johnson & Johnson, Abbott a Intuitive Surgical.
Přehled vybraných společností reportujících své výsledky v tomto týdnu (zdroj: síť X - Earnings Whispers)
Úterý (14. července) USA (před trhem): JPMorgan Chase, Bank of America, Goldman Sachs, Wells Fargo, Citi, Fastenal, Ericsson
Středa (15. července) USA (před trhem): Johnson & Johnson, ASML, Morgan Stanley, BlackRock, Progressive, The Bank of New York Mellon, PNC Financial Services, Elevance Health, Cintas, M&T Bank
USA (po trhu): United Airlines, J.B. Hunt Transport Services
Eurozóna (před trhem): ASML
Čtvrtek (16. července) USA (před trhem): UnitedHealth Group, General Electric, Abbott Laboratories, Prologis, U.S. Bancorp, Kinder Morgan, State Street, Citizens Financial Group
USA (po trhu): Netflix, Intuitive Surgical
Evropa (před trhem): ABB, Nordea Bank
Taiwan: TSMC
Pátek (17. července) USA (před trhem): The Travelers, Truist Financial, Fifth Third Bancorp, Regions Financial
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 >>>> .
Key Takeaways BLK is expected to report higher Q2 revenues, earnings and AUM when it releases results on July 15.BlackRock's AUM may rise on market gains, ETF inflows and demand for active and private-market products.BLK's revenue growth may be driven by higher advisory, administration, distribution and technology fees. BlackRock (BLK - Free Report) is slated to report second-quarter 2026 results on July 15, before the opening bell. Its quarterly revenues and earnings are expected to have improved year over year.
BLK’s first-quarter 2026 adjusted earnings surpassed the Zacks Consensus Estimate. Results benefited from a rise in revenues. The assets under management (AUM) balance witnessed robust growth, driven by net inflows.
BlackRock has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 8%.
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 & Q2 Estimates for BLKAUM: BlackRock’s AUM is expected to have benefited primarily from favorable market performance during the quarter, as strong gains in U.S. equities, particularly AI-related technology stocks, and resilient global equity markets lifted the value of client portfolios.
Also, the company’s industry-leading iShares exchange-traded fund (ETF) franchise is expected to have continued attracting healthy investor inflows amid record demand for ETFs globally, while sustained interest in active strategies, cash-management products and private-market solutions should have further supported organic asset growth.
However, foreign-exchange movements and periodic institutional reallocations could have affected overall AUM growth. Investors will closely watch long-term net inflows to assess whether BlackRock maintained momentum across higher-fee active and private-market products while continuing to capitalize on robust ETF demand.
The Zacks Consensus Estimate for total AUM for the second quarter is pegged at $14.84 trillion, indicating a year-over-year jump of 18.4%.
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 $5.60 billion, implying a 25.6% year-over-year rise.
The Zacks Consensus Estimate for investment advisory performance fees is pegged at $259 million, indicating a significant year-over-year rise.
The consensus estimate for distribution fees of $393 million indicates a year-over-year rise of 22.8%. The consensus estimate for technology services revenues is pegged at $553 million, implying a 10.8% year-over-year rise.
The Zacks Consensus Estimate for advisory and other revenues is pegged at $79 million, which indicates a year-over-year rise of 41.1%.
Expenses: BlackRock’s expenses have been elevated over the past few years. Overall costs are expected to have increased in the second 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 high. This is because it has 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 +1.21%.
Zacks Rank: The company currently carries a Zacks Rank #3.
The Zacks Consensus Estimate for BLK’s second-quarter earnings of $12.54 per share has been unchanged over the past seven days. The estimate indicates a 4.1% increase from the year-ago quarter’s reported number.
The consensus estimate for quarterly sales is pegged at $6.75 billion, which suggests a year-over-year rise of 24.5%.
Other Finance Stocks Worth a LookHere are a couple of other 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 second-quarter 2026 results on July 16. The company has a Zacks Rank #3 and an Earnings ESP of +0.35% at present.
Quarterly earnings estimates for State Street have been revised upward to $3.30 over the past week.
The Earnings ESP for Prosperity Bancshares, Inc. (PB - Free Report) is +1.76% and it carries a Zacks Rank #3 at present. The company is slated to report second-quarter 2026 results on July 29. 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 unchanged at $1.54 per share.
