Edition:
United States

BlackRock Inc (BLK)

BLK on New York Consolidated

384.57USD
28 Apr 2017
Change (% chg)

$-6.14 (-1.57%)
Prev Close
$390.71
Open
$390.00
Day's High
$391.36
Day's Low
$384.29
Volume
581,279
Avg. Vol
546,806
52-wk High
$399.46
52-wk Low
$317.60

Latest Key Developments (Source: Significant Developments)

Norges Bank reports 5.01 pct passive stake in BlackRock as of April 13
Wednesday, 19 Apr 2017 08:42am EDT 

April 19 (Reuters) - Norges Bank: :Norges Bank - reports 5.01 percent passive stake in BlackRock Inc as of April 13 - sec filing.  Full Article

BlackRock reports Q1 2017 diluted EPS of $5.23 per share
Wednesday, 19 Apr 2017 06:30am EDT 

April 19 (Reuters) - BlackRock Inc :BlackRock reports first quarter 2017 diluted EPS of $5.23, or $5.25 as adjusted.Q1 earnings per share $5.23.Q1 earnings per share view $4.88 -- Thomson Reuters I/B/E/S.BlackRock Inc says 9% increase in quarterly cash dividend to $2.50 per share and $275 million of share repurchases.BlackRock Inc - $80 billion of long-term net inflows in quarter.BlackRock Inc - Q1 adjusted operating income $1,151 million versus $1,047 million last year.BlackRock Inc - Q1 adjusted net income $865 million versus $711 million last year.BlackRock Inc says qtrly GAAP revenue $2,824 million versus. $2,624 million last year.BlackRock Inc says qtrly GAAP net income $862 million versus. $657 million last year.BlackRock Inc - Qtrly institutional active long-term net outflows of $1.0 billion reflected equity and fixed income net outflows of $4.7 billion and $1.3 billion.BlackRock Inc says at quarter end, cash management aum decreased 4% to $388.9 billion.BlackRock Inc - Assets under management at Q1-end were $5.42 trillion versus $4.74 trillion last year.BlackRock Inc - Q1 ishares long-term net inflows of $64.5 billion versus. Long-Term net inflows of $24.2 billion last year.Q1 revenue view $2.87 billion -- Thomson Reuters I/B/E/S.  Full Article

Blackrock Inc and subsidiaries enters amendment no. 6
Tuesday, 11 Apr 2017 04:51pm EDT 

Blackrock Inc : Blackrock Inc - on April 6, co, subsidiaries entered amendment no. 6 to its 5-year revolving credit agreement, dated as of March 10, 2011 . Blackrock Inc - Amendment no. 6 establishes that $4 billion revolving facility provides a minimum availability of $600 million .Blackrock -amendment extends maturity of facility to April 6, 2022 without utilizing option to request extensions of maturity available under credit deal.  Full Article

Blackrock to sell to underwriters $700 mln principal amount of 3.200% notes due 2027
Wednesday, 22 Mar 2017 06:12pm EDT 

Blackrock Inc : On March 21, entered underwriting agreement with J.P. Morgan Securities, Merrill Lynch, pierce, Fenner & Smith, Morgan Stanley . Pursuant to agreement, co agreed to sell to underwriters $700 million aggregate principal amount of its 3.200% notes due 2027 - sec filing .Says intends to use net proceeds from offering towards redemption of its outstanding 6.25% notes due 2017.  Full Article

BlackRock’s strategist Richard Turnill says upgrading European equities & downgrading Emerging Market debt
Monday, 6 Feb 2017 10:29am EST 

BlackRock's Strategist Richard Turnill: Says "economic outlook is picking up" . "We believe the political risk priced into European markets around upcoming French & German elections is overstated" . Believe European equities should benefit in a reflation scenario in Europe, absent any other shocks . Says European earnings have historically been more sensitive to global economy pick-ups than U.S. counterparts . Says European earnings have historically been more sensitive to global economy pick-ups than U.S. counterparts . Says "we see long-term opportunities in emerging markets bonds, but higher valuations give us pause today" . Says "we favor emerging markets equities and European stocks that benefit from global growth including EMs" . Says we are upgrading European equities to overweight . Upgrading European equities to overweight and cutting emerging market debt to neutral over short term . "We have cut emerging markets debt and Asian fixed income to neutral from overweight" Further company coverage: [BLK.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

BlackRock buys equity infrastructure franchise of First Reserve
Wednesday, 1 Feb 2017 05:04am EST 

BlackRock Inc : Blackrock acquires energy infrastructure franchise from First Reserve . Terms were not disclosed . Financial impact of transaction is not material to BlackRock earnings per share .Energy Infrastructure team will join BlackRock's Infrastructure Investment platform.  Full Article

JPMorgan to become custodian for $1 tln in BlackRock assets - WSJ, citing a source
Wednesday, 25 Jan 2017 08:10am EST 

: JPM will spend about two years adding BlackRock custodial assets to its existing $20.5 trillion platform - WSJ, citing a source . JPM struck a deal to be custodian for more than $1 trillion of BlackRock Inc.’s assets, poaching the business from State Street Corp - WSJ, citing a source Source : (http://on.wsj.com/2ksMNhV) ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Blackrock Real Assets closes Trafford Housing Trust debt investment
Tuesday, 24 Jan 2017 04:13am EST 

BlackRock Real Assets: Blackrock Real Assets closes Trafford Housing Trust debt investment . Debt investment, alongside other institutional investors, forms part of 275 mln stg long-term financing of a UK housing association in Manchester, England Further company coverage: [BLK.N] ((Bengaluru Newsroom +918067491136)).  Full Article

Blackrock CEO Fink says if the roll out of Trump's growth initiaves are slower, then the markets are ahead of themselves - CNBC
Friday, 13 Jan 2017 07:30am EST 

Blackrock Inc : Blackrock CEO Larry Fink says if the roll out of growth initiaves by President-elect Trump are slower, then the markets are ahead of themselves - CNBC . Blackrock CEO says "I believe the global ecosystem of the world needs a strong US-Chinese relationship" - CNBC ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

BlackRock reports Q4 earnings per share $5.13
Friday, 13 Jan 2017 06:40am EST 

BlackRock Inc - : BlackRock reports full year 2016 diluted EPS of $19.04, or $19.29 as adjusted . Q4 earnings per share $5.13 . Q4 earnings per share view $5.03 -- Thomson Reuters I/B/E/S . Q4 2016 diluted EPS of $5.13, or $5.14 as adjusted . Board of directors approves 9% increase in quarterly cash dividend to $2.50 per share . Board of directors approves 9% increase in quarterly cash dividend to $2.50 per share and authorizes repurchase of an additional 6 million shares . $98 billion of Q4 total net inflows . Q4 adjusted operating income $ 1,232 million versus $1,143 million last year . Q4 ishares long-term net inflows of $49.3 billion versus. Long-Term net inflows of $60.2 billion last year . Qtrly revenue $2,890 million versus $2,863 million last year . Q4 adjusted net income $852 million versus $801 million last year . At quarter end, cash management aum increased 4% to $403.6 billion . AUM at quarter-end $5.15 trillion versus $4.65 trillion . Qtrly net income $851 million versus $861 million last year . Q4 retail long-term net outflows of $2.4 billion . Q4 revenue view $2.93 billion -- Thomson Reuters I/B/E/S . BlackRock Inc - "Investors are rethinking their approach to active management, asset allocation and portfolio construction" . BlackRock Inc - "We're seeing more clients use active and index strategies together to deliver returns".  Full Article

More From Around the Web

Photo

U.S. economic growth slower than France, 'terrible': BlackRock's Fink

CHICAGO BlackRock Inc Chief Executive Officer Larry Fink on Friday sounded another warning on the U.S. economy after the government reported anemic growth in the first quarter.