BlackRock (BLK) Misses Q1 EPS by 4c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/13/2026
- Wall Street ends higher as SpaceX's market debut dominates
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Super Micro Computer establishes $1.25 billion stock sale agreement
- Wall Street ends higher as SpaceX's market debut dominates
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- SpaceX Shares Indicated To Open At $155
UBS Raises Price Target on BlackRock (BLK) Following Positive 1Q Report
April 15, 2016 7:40 AM EDTUBS reiterated a Buy rating on BlackRock (NYSE: BLK), and raised the price target to $390.00 (from $350.00), following the company's 1Q earnings report. While the cost saves generated by this quarter's restructuring efforts are expected to be reinvested in higher growth opportunities, the outlook for expenses was generally positive. UBS raised 2016 EPS... More
BlackRock to restructure after 'tough' first quarter
April 14, 2016 6:37 AM EDTBy Trevor Hunnicutt and Sudarshan Varadhan
(Reuters) - BlackRock Inc (NYSE: BLK) said on Thursday it will cut 400 jobs and take a $76 million restructuring charge after posting a 20 percent drop in first-quarter profit amid a dramatic reversal in financial markets.
The world's largest asset manager's investment performance stumbled and its net inflows, albeit still tens of billions of dollars last quarter, fell as U.S. markets marked a rough start to the year.
"We did have a tough quarter," BlackRock Chief Executive Officer Larry Fink told Reuters. U.S. stocks,... More
