BlackRock (BLK) PT Raised to $625 at Citi Following 4Q

BlackRock (BLK) PT Raised to $615 at Barclays

January 16, 2018 5:41 AM EST

Barclays raised its price target on BlackRock (NYSE: BLK) to $615.00 (from $597.00) while maintaining a Overweight rating.

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BlackRock (BLK) PT Raised to $595 at Deutsche Bank, 'Strong Setup into 2018'

January 15, 2018 7:13 AM EST

Deutsche Bank raised its price target on BlackRock (NYSE: BLK) to $595.00 (from $590.00) while maintaining a Buy rating.

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BlackRock CEO Fink shows no signs of entering bitcoin ETF race

January 12, 2018 2:54 PM EST

By Trevor Hunnicutt

NEW YORK (Reuters) - BlackRock Inc (NYSE: BLK) has profited by being beating its competitors in exchange-traded funds to the punch, but Chief Executive Officer Larry Fink seems happy to be out of step with at least one trend - the race to build a bitcoin fund.

The world's largest asset manager on Friday reported earnings that beat Wall Street expectations, due in no small part to aggressive investments in ETFs that track all sorts of financial markets. Investors are flocking to the relatively low-cost investments.

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Pre-Open Movers 1/12: (ARDM) (WATT) (EXAS) (FCEL) (FB) (TMHC) (More..)

January 12, 2018 9:08 AM EST

Today's Pre-Open Movers

Performant Financial (NASDAQ: PFMT) climbed 64%; today announced that Performant has been awarded a new contract by the U. S. Department of Education to provide debt collection services on defaulted federal student loans.

Pluristem Therapeutics (NASDAQ: PSTI) climbed 9%; today announced the publication of a peer-reviewed article in the journal Scientific Reports, from the publisher of Nature, titled, Human Placental-Derived Adherent Stromal Cells Co-Induced with TNF and IFN Inhibit Triple-Negative Breast Cancer in Nude Mouse Xenograft Models.

FuelCell Energy (NASDAQ: FCEL) 4.8%... More

Wall Street hits new highs on earnings optimism, data

January 12, 2018 7:46 AM EST

By Sinead Carew

(Reuters) - Wall Street continued its rally on Friday with record closing highs as the fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth.

The S&P 500 and Nasdaq both registered their eight record closing highs out of the first nine trading days of 2018, while the Dow boasted its sixth closing high of the year.

JPMorgan (NYSE: JPM), the biggest U.S. lender by assets, said a U.S. tax overhaul would help future profits by... More

BlackRock hits record $6 trillion assets, helped by Trump tax law

January 12, 2018 6:28 AM EST

By Trevor Hunnicutt

NEW YORK (Reuters) - BlackRock Inc (NYSE: BLK) charged past a record $6 trillion in assets, its profit beating Wall Street forecasts, as investors flooded into the relatively low-cost funds of the world's largest asset manager.

A new U.S. tax law, which sliced corporate and individual income rates, also helped the company's results in the fourth quarter ended Dec. 31. BlackRock said on Friday it saw a $1.2 billion tax benefit related to the law and raised its quarterly cash dividend by 15 percent.

"We've been winning more share of wallet," Chief... More

BlackRock (BLK) Tops Q4 EPS by 22c, Beats on Revenues

January 12, 2018 6:03 AM EST

BlackRock (NYSE: BLK) reported Q4 EPS of $6.24, $0.22 better than the analyst estimate of $6.02. Revenue for the quarter came in at $3.47 billion versus the consensus estimate of $3.3 billion.

Fourth Quarter 2017 Diluted EPS of $14.07, or $6.24 as adjusted

Record $367 billion of full year total net inflows reflects... More