Intel stock spikes after report of possible US government stake
BlackRock, Inc. (NYSE:BLK), the world's largest asset manager with a market capitalization of $133 billion, has disclosed its financial results for the first quarter ended March 31, 2025. The company, which InvestingPro data shows has maintained a strong 14% revenue growth over the past year, has provided details on its performance for the past three months.
The New York-based firm, which operates under the SIC category of Security Brokers, Dealers & Flotation Companies, is set to discuss these results in an investor conference call and webcast later today. During this event, BlackRock will further elaborate on the financial data and may provide insights into the company's strategic direction and market performance.
The earnings release, attached as Exhibit 99.1 to the 8-K filing, includes comprehensive financial statements and key metrics that investors use to assess the company's financial health and operational efficiency. Additionally, supplemental materials that will be used in today's conference call have been furnished as Exhibit 99.2.
As of the last report, BlackRock's common stock is listed on the New York Stock Exchange with the trading symbol BLK, and its 3.750% notes due 2035 are also listed under the symbol BLK 35.
The information provided in this article is based on the company's 8-K filing with the Securities and Exchange Commission (SEC), which serves as the primary source of the facts presented. BlackRock, headquartered at 50 Hudson (NYSE:HUD) Yards in New York, NY, is incorporated in Delaware and has been a leading figure in the financial services industry.
Investors and stakeholders are encouraged to review the earnings release and supplemental materials for a more detailed understanding of BlackRock's financial performance. The company's impressive track record includes 15 consecutive years of dividend increases, with a current yield of 2.4%. For deeper insights, InvestingPro offers comprehensive analysis through its Pro Research Report, available for BlackRock and 1,400+ other US stocks. The company's 8-K filing, including the exhibits attached, is publicly available through the SEC for further examination.
In other recent news, BlackRock, Inc. has released €1 billion in senior notes due in 2035, with an interest rate of 3.75%, to be used for general corporate purposes, including the potential repayment of existing debt. TD Cowen analysts have maintained their Buy rating for BlackRock, with a price target of $1,032, ahead of the company's upcoming first-quarter earnings report. The analysts project BlackRock's adjusted earnings per share to be approximately $10.11, which is slightly below consensus estimates. Meanwhile, BlackRock CEO Larry Fink has expressed concerns about potential economic challenges, suggesting the possibility of further market declines and highlighting the impact of U.S. tariffs on economic stability.
Fink also warned of rising protectionism and its effects on the global economy, noting that the current economic climate is causing increased anxiety among clients and leaders. Additionally, MNTN, a company backed by BlackRock, has delayed its initial public offering due to market instability, joining other firms like Klarna and StubHub in postponing their IPO plans. Fink emphasized the importance of democratizing markets and expanding into private investment areas, such as infrastructure and private credit, as part of BlackRock's diversification strategy. Despite the challenging environment, BlackRock continues to focus on long-term growth and strategic pivots towards technology and private markets.
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