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Blackrock, Inc. - BLK STOCK NEWS

Welcome to our dedicated page for Blackrock news (Ticker: BLK), a resource for investors and traders seeking the latest updates and insights on Blackrock stock.

BlackRock, Inc. (NYSE: BLK) is a leading American multinational investment management corporation based in New York City. Established in 1988, BlackRock initially focused on enterprise risk management and fixed income institutional asset management. Today, it stands as the world’s largest asset manager, boasting an impressive $10.473 trillion in assets under management (AUM) as of March 2024.

BlackRock's product portfolio is diverse, with 54% of managed assets in equity strategies, 27% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternative investments. The company’s passive strategies constitute around two-thirds of its long-term AUM, with its ETF platform holding a leading share in both domestic and global markets.

The firm primarily serves institutional clients, which account for approximately 80% of its AUM. Geographically, BlackRock is well-diversified, catering to clients in more than 100 countries, with over one-third of its managed assets coming from outside the United States and Canada.

One of BlackRock’s notable recent achievements includes leading a $47 million funding round for Securitize, a pioneer in tokenizing real-world assets using blockchain technology. This strategic investment underscores BlackRock’s commitment to driving innovation in digitizing capital markets. BlackRock’s Global Head of Strategic Ecosystem Partnerships, Joseph Chalom, has joined Securitize's Board of Directors, further solidifying this partnership.

Additionally, BlackRock has launched its first tokenized fund on Ethereum, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund allows investors to earn yield by holding tokens on the blockchain, with investments in cash, U.S. Treasury bills, and repurchase agreements. Investors can transfer their tokens at any time to other pre-approved investors, promoting liquidity and flexibility.

BlackRock continues to enhance its digital assets strategy and remains committed to meeting future client needs through innovative solutions. As the company ventures further into blockchain technology and tokenization, it aims to stay at the forefront of transforming the financial landscape.

News

BlackRock’s IBIT Debuts on Nasdaq

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BlackRock's iShares Bitcoin Trust (IBIT) begins trading on Nasdaq, seeking to track the performance of the price of bitcoin with a 0.25% sponsor fee and a one-year waiver reducing the fee to 0.12% on the first $5B assets under management (AUM). This ETF allows investors to incorporate bitcoin in a consistent, convenient, and cost-effective way, alongside other asset classes like stocks and bonds in their brokerage account. The iShares Bitcoin Trust ETF is underpinned by the same institutional grade technology and risk management expertise used for iShares' 1,300 ETFs, exemplifying BlackRock's expertise in ETFs and financial markets innovation.
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BlackRock’s Bitcoin ETF (IBIT) Clears Final SEC Hurdle

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BlackRock's iShares Bitcoin Trust (IBIT) registration statement declared effective by SEC, expected to trade on Nasdaq on January 11, 2024
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BlackRock to Report Fourth Quarter 2023 Earnings on January 12th

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BlackRock, Inc. (NYSE: BLK) will report Q4 2023 earnings on January 12, 2024, before the NYSE opens. The teleconference call for investors and analysts, hosted by Chairman and CEO Laurence D. Fink, President Robert S. Kapito, and CFO Martin S. Small, will be at 7:30 a.m. ET. Earnings release and supplemental materials will be available on the company's website. Teleconference and webcast details are provided for public participation.
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BlackRock Brings Total Return Strategy to ETF Investors

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BlackRock (Nasdaq: BRTR) expands its active ETF platform with the launch of the BlackRock Total Return ETF, offering investors access to the firm’s Total Return strategy, managed by Rick Rieder, David Rogal, and Chi Chen. The ETF leverages BlackRock’s $2.6 trillion Fundamental Fixed Income platform, aiming to deliver consistent, attractive returns across all market cycles. The launch reinforces BlackRock’s commitment to delivering liquidity, tax efficiency, and alpha in the convenience of an ETF.
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BlackRock’s 2024 Private Markets Outlook Forecasts Continued Growth Across Asset Classes

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BlackRock released its 2024 Private Markets Outlook, predicting major investment opportunities in infrastructure, private debt, private equity, and real estate. The report highlights the impact of mega forces like low-carbon transition, digital disruption, AI, demographic changes, and geopolitical fragmentation on the private markets. It expects new high-quality opportunities to emerge for investors in 2024, particularly in infrastructure, private debt, private equity, and real estate.
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FREYR Battery Appoints Jessica Wirth Strine to Board of Directors

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FREYR Battery (FREY) appoints Jessica Wirth Strine, a U.S.-based executive with extensive experience in the capital markets and sustainable governance, to its Board of Directors. Olaug Svarva steps down as independent director. With the re-domiciliation process to the U.S. underway, this transition marks a significant step in FREYR's strategic development.
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BlackRock’s Martin S. Small to Present at the 2023 Goldman Sachs US Financial Services Conference on December 5th

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BlackRock, Inc. (BLK) CFO Martin S. Small to speak at 2023 Goldman Sachs US Financial Services Conference on December 5th, 2023. Live webcast and replay available on company's website.
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BlackRock’s Evergreen Infrastructure Fund Partners with European Institutional Investors to Invest in Energy Transition and Energy Security

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BlackRock's Evergreen Infrastructure fund secures nearly US$1 billion in client commitments from European founding partners and makes its first investment in a U.S. C&I solar platform. The fund focuses on core infrastructure equity investments in Europe and North America, emphasizing energy transition and security, transportation, digital infrastructure, and the circular economy. Its open-ended structure allows for long-term partnerships and a focus on decarbonization activities. The fund will also track Temperature Alignment Key Performance Indicators to align with a 1.5°C temperature rise scenario.
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BlackRock Declares Quarterly Dividend of $5.00 on Common Stock

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BlackRock, Inc. (NYSE:BLK) declares $5.00 per share quarterly cash dividend, payable on December 22, 2023, to shareholders of record on December 7, 2023
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BlackRock Lead Independent Director Murry S. Gerber To Retire From Board in 2024

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BlackRock, Inc.: Murry S. Gerber, Lead Independent Director, to Retire After 23 Years of Service - BlackRock's Board of Directors announces that Lead Independent Director, Murry S. Gerber, will not seek re-election and will retire in May 2024 after 23 years of service. The company expresses gratitude for his contributions and begins the process of identifying the next Lead Independent Director.
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FAQ

What is the current stock price of Blackrock (BLK)?

The current stock price of Blackrock (BLK) is $1036.46 as of November 22, 2024.

What is the market cap of Blackrock (BLK)?

The market cap of Blackrock (BLK) is approximately 153.8B.

What does BlackRock, Inc. do?

BlackRock is a multinational investment management corporation, offering a range of financial products including equity strategies, fixed income, multi-asset classes, money market funds, and alternative investments.

When was BlackRock founded?

BlackRock was established in 1988.

How much is BlackRock's assets under management (AUM)?

As of March 2024, BlackRock manages $10.473 trillion in assets.

What is BlackRock's stance on blockchain technology?

BlackRock is investing in blockchain technology and has recently led a $47 million funding round for Securitize, a leader in tokenizing real-world assets.

Who are BlackRock's primary clients?

BlackRock primarily serves institutional clients, which account for about 80% of its managed assets.

What is the BlackRock USD Institutional Digital Liquidity Fund (BUIDL)?

BUIDL is BlackRock’s first tokenized fund on Ethereum, allowing investors to earn yield while holding tokens on the blockchain.

How geographically diverse is BlackRock?

BlackRock serves clients in more than 100 countries, with over one-third of its managed assets coming from outside the U.S. and Canada.

What percentage of BlackRock's assets are in equity strategies?

54% of BlackRock's managed assets are in equity strategies.

Who is Joseph Chalom?

Joseph Chalom is BlackRock's Global Head of Strategic Ecosystem Partnerships and has joined Securitize's Board of Directors.

What are BlackRock's main investment products?

BlackRock’s main investment products include ETFs, equity strategies, fixed income, multi-asset classes, money market funds, and alternatives.

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Blackrock, Inc.

NYSE:BLK

BLK Rankings

#76 Ranked by Market Cap
#1383 Ranked by Dividends

BLK Stock Data

153.78B
153.48M
0.88%
81.1%
1.38%
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