BlackRock Inc. ($BLK) Stock Forecast: Up 5.6% Today

What is BlackRock Inc.?

BlackRock Finance (BLK) is a leading global investment management corporation, offering a wide range of financial services to institutional and individual investors. The company is known for its diverse portfolio management and innovative financial solutions.

Why is BlackRock Inc. going up?

BLK stock is up 5.6% on Jan 15, 2025 14:51

• BLK stock experienced a strong bullish movement.
• The positive movement can be attributed to BlackRock Finance beating Q4 earnings and revenue estimates, with a surprise of 5.86% and 2.16% respectively, showcasing strong financial performance.
• Analysts' projections for key metrics beyond headline estimates also provided investors with confidence in the company's performance, leading to increased buying interest in BLK shares.
• The anticipation of earnings growth in the upcoming report further fueled investor optimism, contributing to the bullish momentum in BlackRock Finance stock.

BLK Price Chart

BLK Technical Analysis

BLK News

BlackRock Finance ( BLK ) Beats Q4 Earnings and Revenue Estimates

BlackRock Finance (BLK) delivered earnings and revenue surprises of 5.86% and 2.16%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2397044/blackrock-finance-blk-beats-q4-earnings-and-revenue-estimates

BlackRock Finance ( BLK ) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates

Beyond analysts' top -and-bottom-line estimates for BlackRock Finance (BLK), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.

https://www.zacks.com/stock/news/2395008/blackrock-finance-blk-q4-earnings-preview-what-you-should-know-beyond-the-headline-estimates

Why BlackRock Finance ( BLK ) Outpaced the Stock Market Today

BlackRock Finance (BLK) reachead $986.10 at the closing of the latest trading day, reflecting a +0.54% change compared to its last close.

https://www.zacks.com/stock/news/2394064/why-blackrock-finance-blk-outpaced-the-stock-market-today

BlackRock Finance ( BLK ) Reports Next Week: Wall Street Expects Earnings Growth

BlackRock Finance (BLK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

https://www.zacks.com/stock/news/2393771/blackrock-finance-blk-reports-next-week-wall-street-expects-earnings-growth

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BlackRock Inc. Price History

21.10.2024 - BLK Stock was up 1.4%

• BLK stock saw a strong bullish movement today, outperforming the market.
• The positive momentum could be attributed to favorable investor sentiment and potential strategic developments within the company.
• Despite the overall bullish trend, there may have been some fluctuations, indicating the stock's sensitivity to market dynamics.
• The comparison with FHI suggests that BLK is being evaluated for its value proposition, which could also influence investor behavior and stock performance.

01.09.2024 - BLK Stock was down 1.9%

• BLK experienced a bearish movement possibly due to significant shareholder change at Caledonia Mining Corporation Plc, which might have raised concerns among investors.
• The expansion of BlackRock into private assets and partnership with Santander could have led to uncertainties about the potential risks and returns associated with these new ventures, impacting BLK's stock negatively.
• The surge in BlackRock's Bitcoin holdings to nearly $24 billion might have diverted some investor focus away from traditional assets like BLK, contributing to the bearish trend.
• The overall market sentiment could have been influenced by Northvolt's announcement of more cuts, creating a sense of caution among investors and affecting the performance of stocks like BLK.

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.

15.00.2025 - BLK Stock was up 5.6%

• BLK stock experienced a strong bullish movement.
• The positive movement can be attributed to BlackRock Finance beating Q4 earnings and revenue estimates, with a surprise of 5.86% and 2.16% respectively, showcasing strong financial performance.
• Analysts' projections for key metrics beyond headline estimates also provided investors with confidence in the company's performance, leading to increased buying interest in BLK shares.
• The anticipation of earnings growth in the upcoming report further fueled investor optimism, contributing to the bullish momentum in BlackRock Finance stock.

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.