BlackRock (BLK) Raises Quarterly Dividend 13% to $2.18; Adds 6M Common to Buyback Plan
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BlackRock (BLK) Tops Q4 EPS by 12c; Boosts Qtr. Dividend, Bolsters Stock Buyback Plan
January 15, 2015 6:31 AM ESTBlackRock (NYSE: BLK) reported Q4 EPS of $4.82, $0.12 better than the analyst estimate of $4.70. Revenue for the quarter came in at $2.78 billion versus the consensus estimate of $2.89 billion.
Management Commentary:
BlackRocks full year 2014 results demonstrate the significant investments we have made in recent years to build the depth and breadth of our global platform, commented Laurence D. Fink, Chairman and CEO of BlackRock. In an environment of heightened market uncertainty, our clients investment challenges are increasingly complex. Our ability to leverage active and index strategies to deliver global solutions to clients,... More
Goldman Sachs Upgrades BlackRock (BLK) to Buy
January 14, 2015 6:52 AM ESTGoldman Sachs upgraded BlackRock (NYSE: BLK) from Neutral to Buy with a price target of $400.00.
Analyst Marc Irizarry said, "We raise BLK to Buy and our 12-month price target to $400 from $332 for 15% upside, as we see the firms diversified model linked... More
