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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

SoFi and BlackRock Partner on $375 Million Personal Loan Securitization

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SoFi Technologies, Inc. has announced an agreement to place a $375 million personal loan securitization with BlackRock. This will help SoFi grow its lending capabilities and better serve its members. SoFi has sold over $14.5 billion and securitized over $13.7 billion of personal loan collateral to date. The transaction is expected to settle by mid-November.
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Visible Foundation Launches First National Disability Wealth Management Platform

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Visible Foundation launches Visible National Trust, the first national special needs trust platform
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BlackRock Reports Third Quarter 2023 Earnings

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BlackRock, Inc. releases Q3 2023 financial results
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iShares® iBonds® Dec 2023 Term Muni Bond ETF Nears Final Distribution Date

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BlackRock plans to terminate the iShares iBonds Dec 2023 Term Muni Bond ETF (IBML), with the last day of trading on 12/1/2023 and liquidation on 12/8/2023. iBonds ETFs offer bond laddering and interest rate risk management. Other iBonds ETFs are still available for investors.
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BlackRock to Report Third Quarter 2023 Earnings on October 13th

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BlackRock, Inc. will report Q3 2023 earnings on October 13, 2023. Chairman and CEO Laurence D. Fink, President Robert S. Kapito, and CFO Martin S. Small will host a teleconference call at 7:30 a.m. ET. Earnings release and materials available on www.blackrock.com.
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BlackRock Expands Active ETF Suite With Equity Premium Income Strategy

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BlackRock launches the BlackRock Advantage Large Cap Income ETF (BALI), offering high income potential and long-term market appreciation. The ETF combines dividend-paying stocks and option premiums to generate income. BALI is part of BlackRock's growing suite of options-based ETFs, reflecting the demand for outcome-focused solutions. The launch demonstrates BlackRock's expertise in active ETF strategies and commitment to meeting client needs.
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BlackRock Study: Global Insurers Adapting to the New Market Regime

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Global insurers are readjusting strategic asset allocation (SAA) with a focus on flexibility and new investment opportunities. 89% of insurers are increasing allocations to private markets, especially direct lending. 62% of respondents see opportunity in clean energy infrastructure. Nearly half (47%) of insurers are prioritizing technology investments to manage investment and operational risk.
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Decarbonization Partners Invests in Ascend Elements, a Leading Manufacturer of Sustainable Battery Materials for Electric Vehicles

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Decarbonization Partners co-leads Ascend Elements' $460 million Series D round, reaching $1 billion in committed capital. Ascend Elements raises $542 million in new equity investments. The electrification of the global economy is projected to increase lithium-ion demand over 5 times by 2030. Ascend Elements' innovative technology addresses decarbonization challenges. The Series D funding will advance construction of Ascend Elements' Apex 1 facility in Kentucky. Decarbonization Partners is raising its inaugural fund, expecting to close in Q4 2023. Decarbonization Partners has invested in MycoWorks, Group14, Monolith, and Carbon Direct.
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BlackRock, Inc. announces the closing of its acquisition of private debt manager Kreos Capital

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BlackRock completes acquisition of Kreos, a provider of growth and venture debt financing to tech and healthcare companies. Kreos' team will integrate into BlackRock's European Private Debt platform. Financial impact is not material to BlackRock earnings.
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BlackRock and Jio Financial Services Agree to Form Joint Venture to Enter India’s Asset Management Industry

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Jio BlackRock, a joint venture between BlackRock and Jio Financial Services, aims to deliver affordable and innovative investment solutions to millions of investors in India. The partnership combines BlackRock's expertise in investment management with JFS's local market knowledge and digital infrastructure capabilities. The initial investment for the joint venture is $150 million each from BlackRock and JFS.
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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.

Stock BLK logo
Blackrock, Inc.

Nasdaq: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%
Asset Management
Security Brokers, Dealers & Flotation Companies
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United States of America
NEW YORK