BlackRock (BLK) PT Lowered to $455 at Deutsche Bank Following 2Q
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BlackRock (BLK) PT Raised to $476 at Morgan Stanley
July 18, 2017 8:05 AM EDTMorgan Stanley raised its price target on BlackRock (NYSE: BLK) to $476.00 (from $460.00) while maintaining a Overweight rating.
... MoreKKR names Bae, Nuttall as co-presidents in step toward succession
July 17, 2017 9:28 AM EDTBy Greg Roumeliotis
(Reuters) - KKR & Co LP (NYSE: KKR), the private equity firm founded and headed by Henry Kravis and George Roberts, said on Monday it had appointed Joseph Bae and Scott Nuttall as co-presidents and co-chief operating officers, setting them up as its future leaders.
The move represents the biggest shakeup in the 41-year-old firm's history since KKR's other co-founder, Jerome Kohlberg Jr, left it in 1987. It positions Bae and Nuttall to take over from Kravis and Roberts when the 73-year-olds decide to step down.
"Having... More
Pre-Open Movers 07/17: (BGC) (DDC) (BK) Higher; (TXMD) (APRN) (BLK) Lower (more...)
July 17, 2017 9:28 AM EDTToday's Pre-Open Movers
TherapeuticsMD, Inc. (NYSE: TXMD) 13% LOWER; announced a regulatory update regarding the New Drug Application (NDA) for TX-004HR, the companys investigational applicator-free estradiol vaginal softgel capsule for the treatment of moderate-to-severe vaginal pain during sexual intercourse (dyspareunia), a symptom of vulvar and vaginal atrophy (VVA) due to menopause.
Blue Apron (NYSE: APRN) 7.6% LOWER; reports Amazon (NASDAQ: AMZN) filed a trademark application for meal kits.
General Cable... More
Wall Street ends flat; Netflix jumps after the bell
July 17, 2017 7:24 AM EDTBy Rodrigo Campos and Kimberly Chin
NEW YORK (Reuters) - U.S. stocks closed little changed in low volume on Monday as gains in utilities and consumer stocks offset declines in healthcare, with earnings news filtering out winners and losers across the board.
BlackRock shares (NYSE: BLK) fell 3.1 percent to $424.63 after the world's biggest asset manager's quarterly profit came in below expectations.
After the closing bell, Netflix (NASDAQ: NFLX) shares jumped 8.5 percent to $175.45 following... More
Lack of voting rights may keep Snap, others from MSCI indexes
July 17, 2017 7:09 AM EDTBy Ross Kerber
BOSTON (Reuters) - MSCI Inc has proposed leaving shares of Snap Inc (NYSE: SNAP) and other companies including Eaton Vance Corp (NYSE: EV) out of stock indexes because they lack voting rights, a sign of the rising skepticism facing corporate structures that boost the power of insiders.
In a paper sent to clients in June, MSCI (NYSE: MSCI) said its proposal aimed "to address the growing concern pertaining to listings of only non-voting shares," and invited feedback.
... MoreLow-fee BlackRock funds reel in cash but earnings disappoint
July 17, 2017 6:49 AM EDTBy Trevor Hunnicutt
NEW YORK (Reuters) - BlackRock Inc's (NYSE: BLK) second-quarter results failed to impress Wall Street on Monday as the world's biggest asset manager cut fees to lure a wave of investor cash into its exchange-traded funds, sending shares down more than 3 percent.
Investors of all types have been piling into ETFs and dumping more expensive alternatives, and BlackRock's fees on some products have raced toward zero while competitors like Vanguard Group and Charles Schwab Corp (NYSE: SCHW) offer ETFs at or near the cost of managing... More
BlackRock (BLK) Misses Q2 EPS by 15c
July 17, 2017 6:30 AM EDTBlackRock (NYSE: BLK) reported Q2 EPS of $5.24, $0.15 worse than the analyst estimate of $5.39. Revenue for the quarter came in at $2.97 billion versus the consensus estimate of $3.01 billion.
$104 billion of total net inflows in the second quarter driven by breadth of diversified business model and investments we have made to grow our platform over timeRecord $94 billion of long-term net inflows, positive across client type, product type and investment style12% growth in technology and risk management revenue year-over-year reflects strength of globally integrated investment and technology platform10% increase in diluted EPS... MoreBlack Rock (BLK) call put ratio 1.6 calls to 1 put into Q2 and outlook
July 17, 2017 5:35 AM EDTBlackRock (NYSE: BLK) July call option implied volatility is at 21, August is at 20; compared to its 52-week range of 16 to 24 into the expected release of Q2 results today.
... MoreChina data boosts copper; world stocks hit record
July 16, 2017 8:50 PM EDTBy Lewis Krauskopf
NEW YORK (Reuters) - Copper prices surged to their highest levels in more than four months after robust data supporting China's economic growth, while a gauge of global stocks marked a record high for a third straight session.
China's economy expanded at a faster-than-expected 6.9 percent clip in the second quarter, setting the country on course to comfortably meet its 2017 growth target.
The U.S. dollar fell to a 10-month low against a basket of currencies before steadying, while oil prices shed about 1 percent.
MSCI's broadest index of Asia-Pacific shares outside Japan... More
Black Rock (BLK) call put ratio 2.29 calls to 1 put into Q2 and outlook
July 14, 2017 6:36 AM EDTBlackRock (NYSE: BLK) July call option implied volatility is at 21, August is at 20; compared to its 52-week range of 16 to 24 into the expected release of Q2 results on July 17.
... More