BlackRock shares slump even
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Much of Wall Street is expecting a possible market slowdown in the second half of the year, so it’s a good thing it hit some high notes beforehand. It’s earnings season, which is often a time to celebrate victories,
Jio Blackrock has received approval from India's markets regulator to launch four passive index funds, the Securities and Exchange Board of India's website showed on Wednesday.
Expectations for the world’s largest asset manager are going up.BlackRock shares fell as much as 7% Tuesday and were on track for the worst earnings-day drop in more than a decade, wiping out the bulk of the stock’s 2025 gains.
BlackRock's iShares ETF business achieved record first-half flows of $192 billion. - Adjusted earnings per share of $12.05 beat analyst estimates by $1.23. - ETF revenue climbed to $1.9 billion, representing 42% of total fee income.
Larry Fink's firm has brought in more than $150 billion in net inflows this year.
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BlackRock, Inc.'s Q2 earnings highlight modest revenue growth amid volatility. Click for my updated look at BLK stock and why I rate the shares as a Hold.
Shares of BlackRock Inc. shed 5.88% to $1,046.16 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.40% to 6,243.76 and Dow Jones Industrial Average falling 0.
Even as BlackRock posted per-share earnings for the second quarter that topped Wall Street’s forecasts, the firm’s shares fell meaningfully on Tuesday and underperformed the market. Shares fell 6% as the S&P 500 rose 0.
An Asian institutional client pulled $52 billion from the asset manager during the second quarter, crimping net client inflows into the investment firm.
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Today's sell-off likely has more to do with profit-taking following the stock's near-40% recovery off of April's lows than anything else. BlackRock shares also came into the day trading around 27 times earnings, while paying a dividend yield just under 2%.