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Jun 24, 2021 · On March 24, 2020, the New York Fed announced that it had again hired BlackRock’s advisory arm, which operates separately from the company’s asset-management business but which Mr. Fink oversees,...
- Jeanna Smialek
- What Happened
- So What
- Now What
April was the cruelest month since the start of the pandemic andBlackRock (BLK-1.11%) felt that pain as its stock price dropped 18.3% in the month, according to S&P Global Market Intelligence. The world's largest money management firm trailed the S&P 500, which was down 8.8% in April -- its worst month since March 2020. The Nasdaqwas even worse, do...
BlackRock is the world's largest money manager with about $9.6 trillion in assets under management (AUM). The AUM dropped from $10 trillion -- an all-time high -- at the end of 2021 and that can be attributed to the fact that that market was down roughly 5% in the first quarter. However, AUM was up about 6% year over year. With the sequential drop ...
BlackRock, like all money managers, typically doesn't perform as well when the market is down. Over the past decade-plus, when the stock market has struggled, so has BlackRock. Rising interest rates, which were raised 50 basis points this week, are not typically good either for money managers as rising rates make borrowing more expensive, which in ...
Jul 15, 2022 · July 15 (Reuters) - BlackRock Inc (BLK.N) said on Friday it is tightening its belt and putting off some hirings amid an economic environment that has spooked retail investors and drove its...
Apr 12, 2024 · April 12 (Reuters) - Assets at BlackRock (BLK.N) hit a record $10.5 trillion in the first quarter and the firm posted a 36% jump in profit as rising global equity markets boosted its investment...
Oct 13, 2022 · Oct 13 (Reuters) - BlackRock Inc (BLK.N) posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products cushioned the...
Jul 8, 2022 · What Happened. Asset management firm BlackRock (BLK-1.11%) watched its stock price tumble 33.5% in the first half of 2022, according to data from S&P Global Market Intelligence.
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Apr 12, 2024 · Assets under management at BlackRock climbed to a record $10.47 trillion in the first quarter, up 15% on the year, boosted by $57 billion of total net inflows to its investment prod.
