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BlackRock Downgraded to “Hold” at Gabelli (BLK)

Fri, 17 May 2013 09:54:50 -0400

Gabelli reported on Friday that it has downgraded investment management firm, BlackRock, Inc. (BLK). The firm has reduced its rating on BLK from “Buy” to “Hold” due to its possible sell off in fixed income markets. An analyst from the firm noted, “as of March 31, approximately 34% ($1.25 trillion) of the firm’s total AUM [...]

Was BlackRock's Merger With BGI Worth It?

Fri, 17 May 2013 08:00:00 -0400

Three years later, it's clear that the BGI deal was a key factor in developing what we believe is the widest moat for any firm in asset management.

Market Wrap-Up for May 13 (BLK, BEN, MOS, YUM, WYNN, more)

Mon, 13 May 2013 16:05:42 -0400

Despite the potential concern of a sooner-than-expected end to Federal Reserve easing, the markets were not down as much as some were thinking they would be, with some pointing to a better-than-expected retail sales number out this morning. On that note, we did have some names reacting nicely to positive Wall Street analyst calls. Blackrock [...]

UBS Raises Estimates on BlackRock (BLK)

Mon, 13 May 2013 09:26:23 -0400

UBS reported on Monday that it has raised its estimates on investment management firm, BlackRock, Inc. (BLK). The firm has increased its estimates on BLK due to the company scale in the changing bond market. Analysts have given the company a price target of $310. This price target suggests a 11% upside from the stock’s [...]

(BLK) BlackRock Hits New 52-Week High

Thu, 09 May 2013 19:13:40 -0400

Shares of BlackRock, Inc. (BLK) crafted a new 52-week high, touching $275.21 in the first half of...

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Stock Downgrades: Tumi Has Too Much Baggage

Thu, 09 May 2013 10:22:00 -0400

Wall Street ratings agencies set the tone for today's stock market.

Citigroup Downgrades BlackRock to “Neutral” (BLK)

Thu, 09 May 2013 10:11:06 -0400

Citigroup reported on Thursday that it has lowered its rating on investment management firm, BlackRock, Inc. (BLK). The firm has downgraded BlackRock from “Buy” to “Neutral,” and has maintained its $285 price target. This price target suggests a 3% increase from the stock’s current price of $275.45. BlackRock shares were down -$1.48, or -0.53% during [...]

BlackRock Hits New 52-Week High – Analyst Blog

Tue, 07 May 2013 19:18:01 -0400

Shares of BlackRock, Inc. crafted a new 52-week high, touching $275.21 in the first half of the trading session on May 6, 2013.

Top 4 NYSE Stocks In The Asset Management Industry With The Highest EPS Estimates For The Next Quarter

Tue, 07 May 2013 04:10:04 -0400

Below are the top asset management stocks on the NYSE in terms of earnings estimate for the next quarter.

BlackRock (NYSE: BLK) is likely to earn $4.02 per share in the September quarter. BlackRock had $28.19 billion in total cash for the latest quarter.

Franklin Resources (NYSE: BEN)

Anatomy of Success: BlackRock (BLK) – Anatomy of Success

Mon, 06 May 2013 05:21:01 -0400

Anatomy of Success: BlackRock (BLK) - Anatomy of Success

Market Wrap-Up for May 3 (SCHW, AMTD, KRFT, CEC, BLK, more)

Fri, 03 May 2013 16:13:22 -0400

Get your Dow 15K party hats on. The indices have approached a new milestone, one that will certainly be picked up by all mainstream media outlets this weekend. As this development will whet the appetite for many investors, there are some things you may want to consider (more on this below). Whenever I see big [...]

Bond ETF Inflows Surge in April

Thu, 02 May 2013 12:53:43 -0400

April was another decent month for global exchange traded products inflows, though the $10.3 billion that flowed into ETFs and ETNs last month was off the pace seen in the first quarter. Still, year-to-date global ETP inflows are up to $79.9 billion, well ahead of last year's record pace of

Invesco Beats Earnings, Revenues Lag – Analyst Blog

Tue, 30 Apr 2013 09:15:01 -0400

Invesco's first-quarter 2013 adjusted earnings were 52 cents per share, surpassing the Zacks Consensus Estimate by a nickel.

Legg Mason’s Earnings Lag – Analyst Blog

Tue, 30 Apr 2013 09:14:01 -0400

Legg Mason Inc.'s (LM) fiscal fourth-quarter 2013 adjusted earnings came in at 52 cents per share lagging the Zacks Consensus Estimate by 6 cents. Moreover, this came well below the year-ago figure of 88 cents per share.

Inside The M&A Playbook with Blair Effron

Fri, 26 Apr 2013 10:59:03 -0400

Blair Effron, Centerview Partners co-founder and Ralph Schlosstein, Evercore Partners (NYSE: EVR) chief executive officer and BlackRock (NYSE: BLK) co-founder/partner, spent Friday morning chatting it up on CNBC's Squawk Box.

During that time, they talked about the world of mergers and acquisitions, growth and the economy.

U.S. to eye high-speed traders, money funds

Wed, 24 Apr 2013 15:28:01 -0400

Federal regulators on Thursday will detail threats to financial stability, with expectations that concerns will focus on high-speed computerized trading, money-market funds and bank vulnerabilities in today’s low-interest rate environment.

Waddell & Reed Beats Earnings & Rev – Analyst Blog

Wed, 24 Apr 2013 11:10:01 -0400

Waddell & Reed's first-quarter 2013 earnings from continuing operations reached 63 cents per share, beating the Zacks Consensus Estimate by a penny.

Russ Koesterich: A Market Master's Advice

Wed, 24 Apr 2013 09:30:28 -0400

Market Master Russ Koesterich, chief investment strategist for BlackRock (NYSE: BLK), gave investment advice with a global angle on CNBC's Squawk Box Wednesday morning.

"There are parts of the market right now that I think still look reasonably priced. Some of them are outside of the United States,

Ameriprise Beats on Earnings, Rev Lags – Analyst Blog

Tue, 23 Apr 2013 11:10:01 -0400

Ameriprise Financial Inc.'s first-quarter operating earnings came in at $1.59 per share, marginally surpassing the Zacks Consensus Estimate of $1.57.

Top Insider Trades: Sheryl Sandberg Sells Additional $4.5 Million in Facebook Stock; Insiders at BlackRock and Bank of America Buy

Tue, 23 Apr 2013 10:35:00 -0400

Plus, a purchase at Guidance Software.

iShares Bolsters Factor ETF Lineup With 5 New Funds

Thu, 18 Apr 2013 14:03:02 -0400

BlackRock's (NYSE: BLK) iShares unit, the world's largest ETF issuer, added to its lineup of factor-driven ETFs today with the debut of five new funds. Two of the new ETFs are managed using BlackRock research rather than tracking an index while the other three are iShares MSCI Factor

UPDATE: J.P. Morgan Raises PT on BlackRock on Reported 1Q13 EPS

Wed, 17 Apr 2013 12:49:02 -0400

In a report published Wednesday, J.P. Morgan analyst Kenneth B. Worthington reiterated an Overweight rating on BlackRock (NYSE: BLK), and raised the price target from $265.50 to $275.00.

In the report, Worthington noted, “Yesterday, BLK reported 1Q13 diluted adjusted EPS of $3.65, beating our estimate of $3.51 and consensus

Japan, Australia stocks rebound, leading Asia

Tue, 16 Apr 2013 23:02:16 -0400

Most Asian stocks advance as a higher finish for U.S. equities and gold prices encourages buyers, with Japanese shares rebounding after a three-day losing streak as the yen weakens.

24/7 Wall St. Closing Bell — April 16, 2013: Markets Open Higher, Recover Some Lost Ground

Tue, 16 Apr 2013 12:06:00 -0400

DailyFinance.com: U.S. equity markets opened higher this morning, getting off to a good start in an effort to recover some of the ground lost yesterday. A jump in U.S. new home construction to a 5-year high (more coverage here) and a drop in U.S. consumer prices (more ... Read more

Updates, advisories and surprises

Tue, 16 Apr 2013 11:01:09 -0400

A roundup of the latest corporate earnings reports and what companies are saying about future quarters.

U.S. stocks recover after biggest drop this year

Tue, 16 Apr 2013 10:41:15 -0400

U.S. rise sharply as gold bounces back from its biggest decline in decades and earnings from Coca-Cola Co. and Goldman Sachs Group Inc. top expectations.

BlackRock Q1 Profit Rises 10%; Adjusted Net and Revenue Beat Wall Street Estimates (BLK)

Tue, 16 Apr 2013 08:41:01 -0400

Before the opening bell on Tuesday, investment management firm BlackRock, Inc. (BLK) reported a rise in first quarter profit and revenue, both topping Wall Street expectations. The New York-based company said its first quarter net income rose 10% to $632 million, or $3.62 per share, from $572 million, or $3.14 per share, in the same [...]

Earnings Scheduled For April 16, 2013

Tue, 16 Apr 2013 04:13:10 -0400

BlackRock (NYSE: BLK) is expected to report its Q1 earnings at $3.58 per share on revenue of $2.44 billion.

The Coca-Cola Company (NYSE: KO) is projected to report its Q1 earnings at $0.45 per share on revenue of $11.02 billion.

Yahoo! (NASDAQ: YHOO) is expected to

U.S. stock futures move higher in step with gold

Tue, 16 Apr 2013 03:14:16 -0400

U.S. stock market futures point to a rebound for Wall Street after a prior day tumble, as gold prices also move up on a busy day for data and earnings.

BlackRock Earnings Preview: EPS, Revenue Growth Expected

Mon, 15 Apr 2013 12:11:04 -0400

BlackRock (NYSE: BLK), shares of which reached a new multiyear high last week, is scheduled to report its first-quarter 2013 results Tuesday, April 16, before the opening bell.

Investors will be looking for BlackRock to build on the record fourth-quarter profits and record assets under management reported in the

24/7 Wall St. Closing Bell — April 15, 2013: Markets Drop as Gold Collapses (CMG, FCX, SKS, GFI, GS, C, SCHW, FRC, PBY, BLK, CMA, GS, JNJ, KO, S, DISH, ABX, LIFE, TMO)

Mon, 15 Apr 2013 12:05:00 -0400

DailyFinance.com: U.S. equity markets opened lower this morning as overnight trading in gold saw the beginnings of the biggest one-day drop in the yellow metal's price in 30 years (more coverage here). Markets in Asia, Europe, and the U.S. all took a turn getting ... Read more

Franklin’s March AUM Advances – Analyst Blog

Tue, 09 Apr 2013 12:10:01 -0400

Franklin Resources declared preliminary assets under management of $823.7 billion by its subsidiaries for Mar 2013.

Financial stocks ride higher on Alcoa’s gains

Tue, 09 Apr 2013 10:19:02 -0400

Sector rises as Alcoa’s upbeat quarterly earnings report gives a modest lift to the equities market.

Blackstone Reaffirmed at Outperform – Analyst Blog

Mon, 08 Apr 2013 13:50:01 -0400

On Apr 3, 2013, we reiterated our long-term recommendation on Blackstone at Outperform.

Market Wrap-Up for Apr.5 (ABI, AXP, BLK, PRU, YUM, more)

Fri, 05 Apr 2013 16:31:19 -0400

The reaction to this morning’s jobs reports had not been good for the markets, but we did see the averages pull off the lows of the session by the close. The lack of jobs created overshadowed the small tick lower in the overall unemployment rate (we’ve maintained all along that the official government unemployment number [...]

Franklin Reaffirmed at Neutral – Analyst Blog

Fri, 05 Apr 2013 14:10:01 -0400

On Apr 2, 2013, we reiterated our long-term recommendation on Franklin at Neutral.

UPDATE: Jefferies Raises PT on BlackRock on 1Q13 Preview

Fri, 05 Apr 2013 10:17:32 -0400

In a report published Friday, Jefferies analyst Daniel T. Fannon reiterated a Hold rating on BlackRock (NYSE: BLK), and raised the price target from $230.00 to $255.00.

In the report, Fannon noted, “Both the traditional and alternative asset managers will begin reporting 1Q13 earnings the week of April 15th,

5 Dividend Stocks Removed from Recommended List – Apr.5

Fri, 05 Apr 2013 08:12:07 -0400

We are removing five dividend stocks from our recommended list today. Names Being Removed BlackRock (BLK) – stock has moved quite strongly since our recommendation, but the shares appear fully valued at this time. Johnson & Johnson (JNJ) – another defensive name that has moved strongly and appears fully valued at current levels. Kimberly Clark [...]

Bull of the Day: Apollo Global (APO) – Bull of the Day

Wed, 03 Apr 2013 05:32:01 -0400

Bull of the Day: Apollo Global (APO) - Bull of the Day

ETFs Set Q1 Record With $70.1B of Inflows

Tue, 02 Apr 2013 11:57:19 -0400

Fueled by soaring U.S. stocks, global exchange traded products raked in $70.1 billion in new assets during the first quarter.

That surpassed the previous of $65.5 billion set last year, according to data from BlackRock's (NYSE: BLK) iShares unit, the world's largest ETF sponsor.

With U.S. equities racing toward record

Amid the Storm, an ETF for Income, and Maybe Some Growth

Fri, 29 Mar 2013 10:55:00 -0400

The 6% yield offered by this ETF is an attractive way to wait out what will likely be a bumpy ride. However, should the economy continue to improve, it might offer some appreciation, too.

Credit Suisse Acquires MS Unit – Analyst Blog

Thu, 28 Mar 2013 11:40:01 -0400

Credit Suisse Group AG is on its path to acquire the wealth management division of Morgan Stanley located in Europe, the Middle East and Africa region.

ETF Professor Competing in iShares Fund Frenzy

Fri, 22 Mar 2013 15:26:48 -0400

Alright, so this is a bit of shameless self-promotion on a Friday afternoon, but I was fortunate enough to have been invited by BlackRock (NYSE: BLK) to compete in the fifth edition of iShares Fund Frenzy, basically March Madness with ETFs instead of college hoops teams.

Kudos to my

Bull of the Day: Evercore Partners (EVR) – Bull of the Day

Fri, 22 Mar 2013 06:35:01 -0400

Bull of the Day: Evercore Partners (EVR) - Bull of the Day

BlackRock Announces 300 Job Cuts – Analyst Blog

Tue, 19 Mar 2013 14:40:01 -0400

BlackRock will be cutting 300 jobs ??? about 3% of the total workforce as of Dec 31, 2012.

Financial stocks up, as housing starts rise

Tue, 19 Mar 2013 09:26:33 -0400

Financial stocks are up on Tuesday, as Cyprus looks to scrap the controversial tax on small account holder and new construction was up in February.

BlackRock to Lay Off 3% of Workforce (BLK)

Tue, 19 Mar 2013 08:32:05 -0400

In a memo obtained by Reuters, investment management firm, BlackRock, Inc. (BLK) reported on Monday that it now plans to lay off about 3% of its employees. The firm will lay off 300 employees, or about 3% of its total workforce. According to the memo, selected employees will either be laid off immediately, or within [...]

Media Digest (3/19/2013) Reuters, WSJ, NYT, FT, Bloomberg

Tue, 19 Mar 2013 02:32:00 -0400

DailyFinance.com: BlackRock Inc. (NYSE: BLK) will lay off 300 people. (Reuters) Electronics Arts Inc. (NASDAQ: EA) chief executive departs as the firm missed earnings. (Reuters) Intel Corp. (NASDAQ: INTC) ramps up hiring for its new TV entertainment unit. ... Read more

Investors win Schwab, Fidelity ETF war

Fri, 15 Mar 2013 14:35:57 -0400

When the biggest names in financial services fight over how to promote the next big ETF investment trend, the clear winner is the consumer, writes Chuck Jaffe.

Market Wrap-Up for Mar.13 (BLK, TUP, RSG, VLO, NFLX, more)

Wed, 13 Mar 2013 16:03:18 -0400

With solid retail sales numbers coming in this morning, investors were watching to see if the Dow can book its 9th consecutive up session in a row (which it did by just a touch). The slew of economic data we have been getting recently mostly points to a decent upturn for the economy. How that [...]