BlackRock, Inc. has settled a dispute with Tennessee over its ESG practices, which the state said misled consumers.
Wells Fargo analyst Michael Brown raised the firm’s price target on BlackRock (BLK) to $1,175 from $1,155 and keeps an Overweight rating on the
BlackRock Inc (BLK) stock saw a modest uptick, ending the day at $1004.96 which represents a slight increase of $9.24 or 0.93% from the prior close of $995.72. The stock opened at $1000.9 and touched a low of $997.
BlackRock is making key leadership changes and combining some teams internally, according to a memo to employees from CEO Larry Fink and President Rob Kapito. The changes follow several major private market-linked acquisitions at BlackRock in the past year: Global Infrastructure Partners,
Fourth-quarter earnings at JPMorgan Chase, Wells Fargo, Goldman Sachs, and Citigroup beat analysts’ estimates.
Larry Fink had evangelized on the need to use the company’s investing might to force corporations to reduce their carbon footprint.
Wells Fargo analyst Michael Brown maintained a Buy rating on BlackRock (BLK – Research Report) today and set a price target of $1,155.00. The company’s shares closed yesterday at $1,012.74.
Fink and other top executives had evangelized on the need to use the company’s investing might to force corporations to reduce their carbon footprint, joining Net Zero in 2021.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $470.0 to $1340.0 for BlackRock over the recent three months.
Exceeding their Q4 top and bottom-line expectations on Wednesday, let's see if it's time to buy stock in these renowned investment firms.
In the year-ago quarter, BlackRock had $10 trillion in AUM. The asset manager posted adjusted fourth-quarter earnings of $11.93 a share, well ahead of the FactSet consensus estimate of $10.88 a share.
Big banks kick off Q4 results with Goldman Sachs, JPMorgan Chase, Wells Fargo, BlackRock, Citi reporting. Some names are basing.