BlackRock (NYSE:BLK) stock closed with a 5.2% gain after the company reported a strong fourth quarter for 2024, surpassing expectations largely due to performance fees, managed expenses, and a favorable tax rate.

Citi wealth head Andy Sieg told employees that net new investment assets — which surged last year — are the division's "North Star."

BlackRock’s profits rose and assets under management edged up to a record $11.55 trillion in the fourth quarter. BlackRock posted net income of $1.67 billion, up 21% from the same period a year earlier.

BlackRock reported fourth-quarter earnings per share of $10.63. On an adjusted basis, per-share earnings of $11.93 topped analysts’ forecasts of $11.24. The world’s largest asset manager reported net income of $1.

On Wednesday, Citi analysts, led by Chris Allen, maintained their Buy rating and $1,200.00 price target for BlackRock, Inc. (NYSE:BLK), following the company's financial results which surpassed ...

Rising stock prices tend to bode well for BlackRock, the world’s largest money manager, as inflows boost the hundreds of funds it offers. The past quarter was likely no exception. Analysts tracked by FactSet expect the New York-based firm to report a record $11.

As investors await earnings from the big banks, they've just gotten the latest results from BlackRock. The company said $284 billion flowed into its total assets under management (AUM), which amounted to $11.

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With revenue growth of 10.2% and a steady dividend yield of 2%, BlackRock continues to reward shareholders. Citi analysts have expressed increased confidence that this positive trend in base fee ...

On Wednesday, Citi analysts, led by Chris Allen, maintained their Buy rating and $1,200.00 price target for BlackRock, Inc. (NYSE:BLK), following the company's financial results which surpassed expectations. BlackRock's adjusted earnings per share (EPS ...

BlackRock said in its fourth-quarter earnings report Wednesday that assets under management jumped to a record $11.55 trillion, up from $10 trillion a year ago. Analysts surveyed by FactSet had expected BlackRock to report a record $11.