$BLK (BlackRock, Inc.)

$BLK {{ '2016-10-18T10:56:15+0000' | timeago}} • Announcement

Investment management company $BLK posted higher 3Q16 results, helped by margin improvements and cost control. $BLK said net income rose 3.79% to $875MM or $5.26 per share from $843MM or $5 per share a year ago. Revenue for the quarter fell 2.5% to $2.84Bil. Excluding items, $BLK earned $5.14 per share, up 3% YoverY.

$BLK {{ '2017-10-13T19:15:13+0000' | timeago}} • Webcast

$BLK said that there is no pressure in U.S. related to MiFiD II (Markets in Financial Instruments Directive II - EU's regulatory reforms for financial markets). BlackRock added that this is a new opportunity for it and worried that MiFID II will impact small cap companies. There might be negative outcomes if not monitored properly, $BLK said.

$BLK {{ '2017-10-13T19:13:01+0000' | timeago}} • Webcast

Referring to the market conditions, $BLK stated that environment has considerably improved over the past year. Europe was politically stable and China continued to show economic strength, while consistent growth was experienced in Japan.

$BLK {{ '2017-10-11T20:01:45+0000' | timeago}} • Announcement

$BLK's revenue swelled by 14% YonY to $3.23Bil in 3Q17, helped by growth in the base fees and performance fees. Assets under management at the quarter end hiked by 17% to just shy of $6 trillion, aided by the strong growth in retail, iShares ETFs and institutional clients.

$BLK {{ '2017-10-11T19:59:17+0000' | timeago}} • Announcement

$BLK, whose stock price rose 22% from the end of 2016, reported strong results for 3Q17, helped by the better equity market conditions. Net income rose 8% to $947MM or $5.78 per share. Net inflows hit $96Bil compared to $70Bil a year ago. However, the world's largest asset manager was hurt by the expenses, which rose 13% to $1.84Bil in 3Q17.

$BLK {{ '2017-10-11T12:59:33+0000' | timeago}} • Infographic

$BLK BlackRock Inc. Earnings AlphaGraphic: Q3 2017 Highlights

$BLK {{ '2017-07-25T22:34:07+0000' | timeago}} • Announcement

$BLK closes the acquisition of Cachematrix, which it agreed to acquire a month back. Cachematrix provides cash management solutions for banks and their corporate clients. This transaction will help BlackRock to strengthen its services in the cash management space.

$BLK {{ '2017-07-17T21:55:55+0000' | timeago}} • Webcast

$BLK said that it is spending about $1Bil this year. including compensation and related expenses associated with the people as well as hardware, software and market data costs.

$BLK {{ '2017-07-17T12:56:50+0000' | timeago}} • Announcement

The world's largest asset manager $BLK's profit rose 8.6% to $857MM in 2Q17 as more investors invested in the company's iShares exchange-traded funds and also aided by the higher fees. Diluted EPS climbed 10.3% to $5.22 and on adjusted basis it was up 9.6% to $5.24 in the recently ended quarter. Revenue rose 5.7% to $2.97Bil.

$BLK {{ '2017-07-17T12:53:53+0000' | timeago}} • Announcement

$BLK, whose stock price spiked 15% from the beginning of this year, reported that its assets under management was brighter by 16% year on year to $5.69 trillion in 2Q17. BlackRock's CEO Laurence Fink said that the long-term net inflows of $94Bil in the quarter were positive across all client and product types, and investment styles.

$BLK {{ '2017-06-21T10:48:34+0000' | timeago}} • Announcement

$BLK said John Varley, an independent director of the company’s board of directors, resigned effective immediately. Varley had joined BlackRock’s board in 2009 following its acquisition of Barclays Global Investors.

$BLK {{ '2017-05-26T11:14:10+0000' | timeago}} • Announcement

$BLK's BoD declared a quarterly cash dividend of $2.50 per share of common stock. The dividend is payable on June 23, 2017 to shareholders of record at the close of business on June 5, 2017.

$BLK {{ '2017-04-26T14:51:22+0000' | timeago}} • Webcast

In terms of the $BLK transition, $STT said it will occur beginning in 2018 and is likely to take next several quarters to be completed. BlackRock has chosen $JPM as custodian to more than $1 trillion in BlackRock client assets. $STT had been custodian of the assets.

$BLK {{ '2017-04-19T13:37:24+0000' | timeago}} • Webcast

On investment activities, $BLK continues to make investments in the technologies like artificial intelligence and machine learning. The firm believes technology creates efficiency and help maintain strong margins. Technology advancements made in the Aladdin related to dealing with custodial banks will save large sums of money, said the company.

$BLK {{ '2017-04-19T11:06:46+0000' | timeago}} • Announcement

Building on record total net inflows of $202Bil in 2016, $BLK began 2017 by repositioning active equity platform and investing in business for future growth. Going forward, $BLK will continue to transform change into opportunity, using advantaged market position to create better financial futures for clients and drive long-term growth.

$BLK {{ '2017-04-19T11:04:22+0000' | timeago}} • Announcement

$BLK's long-term net inflows were positive across all major regions, with net inflows of $55.8Bil from clients in Americas, $18.1Bil from clients in EMEA and $6.4Bil from clients in Asia-Pacific. At March 31, 2017, $BLK managed 63% of its long-term assets under management for investors in the Americas and 37% for clients in EMEA and Asia-Pacific

$BLK {{ '2017-04-19T11:01:42+0000' | timeago}} • Announcement

$BLK's operating income for 1Q17 grew by 19% from last year, reflecting operating margin expansion and benefits of scale for clients and shareholders. $BLK said the 33% increase in EPS also includes the impact of a discrete tax benefit associated with new accounting guidance for share-based payments.

$BLK {{ '2017-04-19T11:01:27+0000' | timeago}} • Announcement

$BLK reported a 31% jump in 1Q17 earnings driven by growth in base fees, performance fees and technology and risk management revenue. Net income rose to $862MM or $5.23 per share from $657MM or $3.92 per share last year. Revenue grew 8% to $2.82Bil. Adjusted EPS grew to $5.25 from $4.25.

$BLK {{ '2017-04-05T23:10:50+0000' | timeago}} • Announcement

$BLK announced that Charles H. Robbins, CEO of Cisco Systems, Inc., has been nominated to join $BLK’s Board of Directors.

$BLK {{ '2017-03-02T18:05:39+0000' | timeago}} • Announcement

$BLK received Renminbi Qualified Foreign Institutional Investor (RQFII) quota of $1.6Bil in the U.S. by China's State Administration of Foreign Exchange (SAFE). This is the first RQFII quota awarded to any asset manager in the US and brings the combined RQFII quota awarded to $BLK to $5.1Bil.

$BLK {{ '2017-01-13T14:45:04+0000' | timeago}} • Webcast

$BLK said in terms of capital management, it remains committed to investing in its business. The company tries to target a dividend payout ratio of around 40-50% on a full-year basis. $BLK also looks to return additional cash to shareholders through share repurchases. The total payout ratio is the output of opportunities seen for the next year.

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