BlackRock Inc. ($BLK) Stock Forecast: Up 0.9% Today

What is BlackRock Inc.?

BlackRock (BLK) is a global investment management corporation known for its diverse range of financial services and products. The stock had a strong bullish movement today amidst various developments.

Why is BlackRock Inc. going up?

BLK stock is up 0.9% on Jul 15, 2024 15:21

• BlackRock's stock surged as the company announced a record $10.6 trillion in managed assets, reflecting strong growth in its assets under management (AUM).
• The removal of an advertisement featuring the individual who attempted to assassinate former President Trump may have alleviated concerns and restored investor confidence in the company's brand image.
• Despite missing quarterly revenue expectations, the overall positive outlook on the company's AUM growth and ETF performance likely overshadowed any short-term revenue concerns, driving the bullish movement in the stock.

BLK Price Chart

BLK News

Watch CNBC''s full interview with BlackRock chairman and CEO Larry Fink

BlackRock chairman and CEO Larry Fink joins ''Squawk on the Street'' to discuss the company''s quarterly earnings results, economic outlook, his thoughts on the assassination attempt of former President Trump, investing landscape, capital markets, state of crypto, and more.

https://www.cnbc.com/video/2024/07/15/watch-cnbcs-full-interview-with-blackrock-chairman-and-ceo-larry-fink.html

BlackRock’s AUM Hits New High, Boosted by ETF Growth

BlackRock’s AUM Hits New High, Boosted by ETF Growth

https://cryptodnes.bg/en/blackrocks-aum-hits-new-high-boosted-by-etf-growth/

BlackRock Stock Lower After Quarterly Revenue Miss

BlackRock reported a record $10.6 trillion in managed assets, however

https://www.schaeffersresearch.com/content/news/2024/07/15/blackrock-stock-lower-after-quarterly-revenue-miss

The gunman who shot Donald Trump once appeared in a BlackRock ad

BlackRock has removed a years-old advertisement featuring Thomas Matthew Crooks, the 20-year-old gunman who authorities say shot and injured former President Donald Trump during a rally Saturday in Pennsylvania. Read more…

https://qz.com/donald-trump-shooter-thomas-matthew-crooks-blackrock-ad-1851592335

BlackRock Pulls 2022 Ad Featuring Trump Shooter Thomas Crooks

BlackRock announced on Sunday they have pulled an ad featuring Thomas Crooks, the shooter who attempted to assassinate Donald Trump on Saturday in Pennsylvania. The post BlackRock Pulls 2022 Ad Featuring Trump Shooter Thomas Crooks first appeared on Mediaite .

https://www.mediaite.com/politics/blackrock-pulls-2022-ad-featuring-trump-shooter-thomas-crooks/

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BlackRock Inc. Price History

14.10.2023 - BLK Stock was up 5.1%

• BLK had a strong bullish movement today.
• The market movement may have been influenced by the news of BlackRock's applications for spot Bitcoin and Ethereum ETFs, indicating their interest in the cryptocurrency space.
• The brief spike in XRP's value was caused by false rumors of BlackRock filing for an XRP ETF, which later led to a rapid decline in XRP's price.
• The overall market sentiment seems to be positive towards cryptocurrencies, with BlackRock's involvement and the bounce back of major cryptocurrencies like Bitcoin and Ethereum.

27.05.2023 - BLK Stock was up 2.8%

• BlackRock's Bitcoin ETF is a hot topic in the market, with many investors eagerly awaiting its approval.
• ARK Invest believes that their Bitcoin ETF application has a higher chance of being approved before BlackRock's.
• Fidelity is reportedly on the verge of filing for a Bitcoin ETF, joining a growing number of issuers eager to introduce such a product.
• The potential approval of a BlackRock Bitcoin ETF is seen as a big deal for the entire crypto sector, as BTC remains the focal point for most investors watching the world of digital assets.

02.10.2023 - BLK Stock was up 5.3%

• BlackRock's bullish movement could be attributed to positive news about Palantir's earnings report, as BlackRock CEO Larry Fink praised Bitcoin and expressed interest in cryptocurrency.
• The strong performance of Palantir, a big data analytics company, could have positively influenced investor sentiment towards BlackRock.
• The approval of PayPal's crypto business in the UK may have also contributed to the bullish movement, as it indicates growing acceptance and adoption of cryptocurrencies.
• The news about BlackRock venturing into the private credit market may have further bolstered investor confidence in the company's growth prospects.

01.06.2024 - BLK Stock was down 1.7%

• The $3.2 billion acquisition of Preqin by BlackRock in cash may have indicated a strategic pivot towards private markets, prompting uncertainties or reservations among investors regarding the company's traditional investment strategies.
• Reports of Saba Capital Management rectifying BlackRock's potentially misleading annual meeting data could have instilled doubts about the company's governance and performance among investors, contributing to the stock's downward trend.
• Despite favorable market conditions in sectors such as consumer electronics and communication services, a slight pullback in the semiconductor industry and varied performance in the financial services sector might have adversely influenced BlackRock's stock value.

15.06.2024 - BLK Stock was up 0.8%

• BlackRock reported a double-digit increase in adjusted profit for the second quarter of 2024, driven by an 8% increase in revenues. This positive earnings report likely contributed to the bullish movement in BLK stock.
• The company's record-breaking assets under management (AUM) exceeding $10.6 trillion, boosted by strong ETF inflows, also added to investor confidence and drove the stock higher.
• The decision to pull an advertisement featuring Thomas Matthew Crooks, the individual who attempted to assassinate former President Donald Trump, might have initially caused some uncertainty but was overshadowed by the robust financial performance reported by BlackRock.
• Overall, the strong financial results and continued growth in AUM propelled BlackRock's stock to a bullish trajectory despite the temporary distraction caused by the news related to the advertisement featuring the shooter.

15.06.2024 - BLK Stock was up 0.9%

• BlackRock's stock surged as the company announced a record $10.6 trillion in managed assets, reflecting strong growth in its assets under management (AUM).
• The removal of an advertisement featuring the individual who attempted to assassinate former President Trump may have alleviated concerns and restored investor confidence in the company's brand image.
• Despite missing quarterly revenue expectations, the overall positive outlook on the company's AUM growth and ETF performance likely overshadowed any short-term revenue concerns, driving the bullish movement in the stock.