Citi Reiterates Buy Rating on BlackRock (BLK)

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BlackRock Reports Full Year 2024 Diluted EPS of $42.01, or $43.61 as Adjusted; Fourth Quarter 2024 Diluted EPS of $10.63, or $11.93 as Adjusted

January 15, 2025 5:59 AM EST

NEW YORK--(BUSINESS WIRE)-- BlackRock, Inc. (NYSE: BLK) today reported financial results for the three months and year ended December 31, 2024.

$11.6 trillion in AUM following a record $641 billion of full year net inflows, including $281 billion in the fourth quarter

14% increase in full year revenue driven by the positive impact of markets on average AUM, organic base fee growth, and fees on AUM acquired in the GIP Transaction, as well as higher performance fees and technology service revenue

21% increase in full year operating income (23% as adjusted)

15%... More

BlackRock’s LifePath Paycheck™ Closes 2024 with $16B in AUM

January 13, 2025 2:21 PM EST

Retirement solution is now the fastest-growing lifetime income target-date strategy in the defined contribution market1

NEW YORK--(BUSINESS WIRE)-- BlackRocks LifePath Paycheck, a target-date solution which provides the option for guaranteed lifetime income, is the fastest growing lifetime income target-date strategy in the defined contribution market.1 LifePath... More

RBC iShares Expands Access to BlackRock’s Bitcoin ETP Platform

January 13, 2025 7:30 AM EST

TORONTO, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Today, RBC iShares expands access to BlackRocks digital asset investment platform with the launch of the iShares Bitcoin ETF (IBIT) (the iShares Fund) in Canada. The iShares Fund seeks to reflect generally the performance of the price of bitcoin, before payment of the iShares Funds expenses and liabilities. The iShares Bitcoin ETF will also be available in a U.S.-dollar denominated class (IBIT.U).

The iShares Fund invests in the U.S.-listed iShares Bitcoin Trust... More