BlackRock Earnings Cushioned by ETF Products as Assets Under Management Fall 16% To 2020 Levels

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  • #45558
    ThePitBoss
    Participant

    BlackRock the world’s largest investment management company reported third quarter earnings on Thursday that fell less than expected. BLK’s assets und
    [See the full post at: BlackRock Earnings Cushioned by ETF Products as Assets Under Management Fall 16% To 2020 Levels]

    #45902
    MoneyNeverSleeps
    Participant

    BlackRock (BLK): MO State Treasurer Scott Fitzpatrick announces MOSERS has pulled $500 million in state pension funds from BLK due to ESG initiatives

    #47380
    TradersCom
    Keymaster

    BlackRock underweight European, UK and U.S. equities,

    This is a six-to-12-month view from the firm, in brief:

    We are underweight U.S. equities.
    The Fed intends to raise rates into restrictive territory. The year-to-date selloff partly reflects this. Yet valuations have not come down enough to reflect weaker earnings prospects.

    On European stocks:
    We are underweight European equities as the fresh energy price shock in the aftermath of the tragic war in Ukraine puts the region at risk of stagflation.

    On the UK:
    We are underweight UK equities following their strong performance versus other DM markets thanks to energy sector exposure.

    #48951
    TradersCom
    Keymaster

    Activist Bluebell Capital Partners takes stake BlackRock $BLK and wants CEO Larry Fink replaced because of disagreements over ESG investing, according to Bloomberg

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