BlackRock Reports Second Quarter 2018 Earnings
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BlackRock (BLK) PT Lowered to $570 at Goldman Sachs Following 2Q
July 17, 2018 7:47 AM EDTGoldman Sachs lowered its price target on BlackRock (NYSE: BLK) to $570.00 (from $605.00) while maintaining a Buy rating following the company's 2Q earnings release. 2Q flows missed expectations at $20bn vs. estimates at $70bn across all asset classes except Multi-Asset with the LTM decline... More
BlackRock (BLK) PT Lowered to $595 at Barclays Following Weakness
July 17, 2018 7:34 AM EDTBarclays lowered its price target on BlackRock (NYSE: BLK) to $595.00 (from $615.00) while maintaining a Overweight rating. Recent concerns about BLKs flows, fee rates, and the tenuous state of the global bull market have all weighed on BLK shares. However, analyst Jeremy Campbell... More
BlackRock (BLK) Tops Q2 EPS by 9c
July 16, 2018 6:25 AM EDTBlackRock (NYSE: BLK) reported Q2 EPS of $6.66, $0.09 better than the analyst estimate of $6.57. Revenue for the quarter came in at $3.61 billion versus the consensus estimate of $3.6 billion.
Highlights:
$20 billion of total net inflows, positive across active, index and cash management11% revenue growth year-over-year driven by base... More