Jim Cramer Recommends Owning BlackRock (BLK) for 'Many Years' — 'I Don't Care About Near Term on This Stock'
$100 Invested In This Stock 20 Years Ago Would Be Worth This Much Today
Following this year's acquisition frenzy, Blackrock may seek further expansion in the private equity market.
On December 11, according to Reuters, the momentum of major acquisitions by Blackrock, the world's largest Asset Management company, is likely to continue, as the company is expected to seek further expansion in the fields of private Crediting, Real Estate, infrastructure, or private equity. Last week, Blackrock announced plans to acquire the private Crediting company HPS Investment Partners for approximately 12 billion USD, marking Blackrock's third major acquisition this year. Blackrock's CEO Larry Fink stated that the deal will enable both companies to offer an integration of private and public market investment products.
U.S. Stock Market Insights | Tesla stabilizes at $400! Will it hit a historical high this week? Strong gaming performance + upward adjustment of annual revenue forecast! Sony's stock price reaches a two-year high.
The Industry's fundamentals have shown a strong recovery, American Airlines' stock price has skyrocketed over 60% since the low in August; insiders continue to increase their Shareholding in the company's Stocks! MSCI's stock price has reached an all-time high.
Blackrock (BLK.US) executives expect that investors will continue to increase their stock and bond allocation.
Martin Small, the Chief Financial Officer of Blackrock (BLK.US), stated at a Goldman Sachs financial forum that even if the Federal Reserve moderately lowers interest rates, investors will still increase their allocations in Stocks and Bonds. He pointed out that Global political and economic uncertainties still exist, making cash an attractive safe haven for clients. The market's reduced expectations for interest rate cuts have also strengthened the balances of MMF. However, he believes that investors who prefer cash perform worse than traditional portfolios that mix Stocks and Bonds, and he expects a "Fear of missing out" sentiment.
Express News | Blackrock's Chief Operating Officer is seeking to enhance technology and AI capabilities.
Express News | Reuters Next - BlackRock COO Goldstein Says Resiliency in Capital Markets Is Going to Be a Defining Element for the Next Few Years
Express News | Reuters Next - BlackRock COO Goldstein Says Esg Is a Complicated Issue
Express News | Reuters Next - BlackRock COO Rob Goldstein Says We Think There Is Lot More Opportunity in Aladdin & the World of AI
BlackRock CFO: ETFs Are a 'Lubricating Agent for Business-model Transformation'
BNP Paribas Exane Adjusts BlackRock Price Target to $1,200 From $1,075, Maintains Outperform Rating
Microsoft shareholders voted against the Bitcoin investment proposal.
The voting results showed that Microsoft's major shareholders opposed the company's Bitcoin investment proposal on Tuesday. The Microsoft Board of Directors had earlier urged shareholders to reject a suggestion from the National Center for Public Policy Research that the company invest 1% of its total Assets in Bitcoin to hedge against inflation. At the annual meeting, MicroStrategy Chairman Michael Saylor delivered a three-minute speech in an attempt to persuade Microsoft shareholders to support the proposal. His company has invested billions in Bitcoin.
A Closer Look at BlackRock's Options Market Dynamics
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BlackRock Finance (BLK) Advances While Market Declines: Some Information for Investors
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BlackRock Analyst Ratings
Barclays Maintains Blackrock(BLK.US) With Buy Rating, Raises Target Price to $1,220
BlackRock Insider Sold Shares Worth $37,851,104, According to a Recent SEC Filing
Express News | Since Trump's election, the inflow into bitcoin etf in the usa has approached 10 billion dollars.