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BlackRock Inc (BLK)

BLK on New York Consolidated

7 Dec 2016
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$1.35 (+0.36%)
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Latest Key Developments (Source: Significant Developments)

Blackrock's Moore says renting may be the better option for most bank stocks at this time
Thursday, 3 Nov 2016 12:52pm EDT 

Blackrock's strategist Kate Moore : "Bank profitability in developed markets is unlikely to return to pre-crisis levels, in our view" . "We conclude renting may be the better option for most bank stocks at this time" . Bank profitability in developed markets "may never see a return on equity in the range of 15% to 20% again" . "U.S. Bank revenues will likely benefit more than in past rate-hiking cycles as the fed slowly raises rates" . "We favor U.S. Banks over global peers due to strong fundamentals and a more robust economic backdrop" . "See regional banks benefitting from an easier regulatory environment" . Structural challenges like low growth, low rates,regulatory pressure remain, cut into some banking sector’s net interest margins . "even if Japanese banks pursue new business and overhaul their cost structures, we see sector profitability remaining under pressure" . see banking group "as a less compelling long-term investment and recommend selectivity" . "Chinese banks are trading at low multiples, and may show up on value screens" . Our Asia equities team turned positive on banking sector, but "we see better opportunities in emerging markets outside of China" . "Strong economic growth, high short-term rates,demographic trends are favorable for banks in India, Indonesia, Mexico,Turkey, we believe" . "Brazilian and Russian banks could see earnings upside once economic recoveries take hold there".  Full Article

Blackrock increases ownership in Finland's Kone
Thursday, 20 Oct 2016 10:00am EDT 

Kone Oyj says: Total number of shares owned by Blackrock and its funds increased above five percent of share capital on Oct. 19 .The share of Blackrock's voting rights was still below five percent on Oct..  Full Article

SL Green and BlackRock Real Assets form joint venture for Ownership of Manhattan Residential Property
Wednesday, 19 Oct 2016 04:10pm EDT 

SL Green Realty Corp : SL Green and Blackrock Real Assets form joint venture for ownership of Manhattan Residential Property . SL Green Realty Corp - Deal for $170 million. . SL Green Realty Corp - New York community bank provided a 10-year $100 million mortgage loan at a 3% fixed interest rate .SL Green Realty Corp - Transaction constitutes a sale by SL Green of a 49% ownership interest in entity to an investment account managed by Blackrock.  Full Article

Blackrock CEO says his industry facing 'turmoil' as clients struggle with low rates -CNBC
Tuesday, 18 Oct 2016 07:41am EDT 

Blackrock Inc : Blackrock CEO Fink on CNBC says his industry is facing 'turmoil' as clients struggle with low rates . Blackrock CEO Fink says clients are lowering their return expectations, shifting from active to index funds, stocks to bonds . Blackrock CEO Fink says many asset prices are moving in tandem, creating a struggle for professional investors .Fink says he is 'not paying much attention' to U.S. Senator Warren's reported remark that BlackRock should not choose who runs the economy.  Full Article

Blackrock's Turnill expects annual returns on govt bonds near zero over next 5 years
Monday, 17 Oct 2016 10:27am EDT 

Blackrock strategist Richard Turnill : See global portfolio of 60 percent equities, 40 percent bonds generating annual return of 3 percent in USD terms over next 5 years before fees . Expect annual returns on government bonds to be near zero and even potentially negative on a five-year horizon Further company coverage: [BLK.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Blackrock's Turnill says see a brighter oil price outlook helping risk assets
Monday, 10 Oct 2016 01:03pm EDT 

Blackrock's Richard Turnill : "see a brighter oil price outlook helping risk assets and hurting many perceived “safe-haven” investments" . Federal Reserve meeting minutes could clarify the Fed’s thinking on rate increases . see less risk of renewed oil price plunge, potential for gradual rise toward long-term equilibrium levels around $60 per barrel . higher oil prices would reinforce current market trend based on reflation such as rising long-term bond yields . effort to rebalance oil market is important because it should help support energy companies, risk appetite and reflation trades . within energy equities, we favor quality and low-cost producers; we prefer inflation-linked bonds to treasuries . higher oil prices would also reinforce trend of shifting out of perceived safer assets and into cyclical assets ((Bangalore.newsroom@thomsonreuters.com ;)).  Full Article

Blackrock says in Q4 investment outlook that it expects U.S. Fed to press on with slow interest rate increases
Monday, 3 Oct 2016 10:16am EDT 

Blackrock: "Equity and bond returns are becoming more correlated and could fall in tandem, while rising long-term yields are a tail risk" . Central bank asset purchases smothered volatility, pushed investors to take greater risks, but could see short bursts of heightened volatility . China's "yuan stability and debt build-up remain medium-term risks" . "We prefer shorter-duration U.S. government bonds and favor selected Eurozone peripheral debt over other sovereigns" . Expect U.S. Fed to press on with slow interest rate increases . "A divisive U.S. Presidential election is the top political risk" . "Dividend stocks may come under pressure from higher bond yields, so we prefer companies that can sustainably grow dividends" . "Near-term China risks have receded amid a gradual currency depreciation and a pick-up in Asia’S export machine" Further company coverage: [BLK.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Blackrock's Rick Rieder comments on Wednesday's fed statement
Wednesday, 21 Sep 2016 04:25pm EDT 

Blackrock's Rick Rieder: Blackrock's Rick Rieder comments on Wednesday's Fed statement . While fed decided to hold rates steady, November unlikely due to election, chances of December rate hike have gone up "meaningfully" . Financial conditions across globe stabilizing regions that had experienced some significant stresses in year's first half ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Blackrock's Turnill says downgraded short-term view of U.S. municipal bonds to neutral
Monday, 19 Sep 2016 10:47am EDT 

Blackrock Strategist Richard Turnill: "Growth surprises could provide a boost to risk appetite in the months ahead" . "We have downgraded our short-term view of U.S. Municipal bonds to neutral due to richer valuations and higher treasury yields" . "We prefer credit over duration" Further company coverage: [BLK.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Blackrock says pursuing legal action against Volkswagen
Thursday, 15 Sep 2016 09:55am EDT 

: Blackrock - Pursuing legal action against Volkswagen AG for failure to disclose use of “defeat devices” that manipulated emission tests ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article


BlackRock 'less committed' to specific targets, but forecasts growth

NEW YORK A top BlackRock Inc executive said the world's largest asset manager could benefit from rising interest rates as its clients keep their stakes in bonds and as revenues from other businesses grow.