Get Stock Quote Here BlackRock, Inc. (BLK) is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is by far the world's largest asset manager with over $4.5 trillion in assets under management.
BlackRock (BLK) Stock Slumps on Q1 Earnings Miss NEW YORK (TheStreet) -- BlackRock (BLK - Get Report) stock is declining by 0.37% to $347 in early-morning trading on Thursday, after the company reported weaker-than-expected 2016 first quarter financial results as a global stock-market slump weighed on revenue. The world's largest asset manager reported adjusted earnings of $4.25 per share, falling short of analysts' estimates for $4.29 per share. Revenue declined by 3.6% year-over-year to $2.62 billion for the most recent quarter. Read full article here: http://www.thestreet.com/story/13530849/1/blackrock-blk-stock-slumps-on-q1-earnings-miss.html The stock closed up 1.9% today.
Q3 ER Estimates: Earnings Whisper: $5.10 Consensus: $5.05 Revenue: $2.90 Bil Date & Time of ER: Tuesday Oct 18 6:30 AM ET
Reported before open today (10/18/16) Earnings: EPS $5.14 Revenue $2.84B Estimates: EPS $4.98 Revenue $2.87B Up 0.56% today
BlackRock is at its core a passive investor. Through its iShares exchange-traded fund platform and institutional index fund offerings, the firm sources close to two-thirds of its managed assets (and nearly half its annual revenue) from passive products.
