$BLK (BlackRock, Inc.)

$BLK {{ '2015-10-14T13:13:22+0000' | timeago}} • Webcast

$BLK generated $35Bil of long-term net flows representing annualized organic growth rate of 3%. Over the last 12 months, $BLK generated approx. $186MM of long-term net new business. This represented a 4% long-term organic AUM growth rate and a 6% organic base fee growth rate. Sequential base fees were down 3%.

$BLK {{ '2018-01-19T15:19:31+0000' | timeago}} • Webcast

$BLK, which benefited in 4Q17 from the $1.2Bil of net tax benefit from the recent tax reform, said that the reduction in the tax rate will increase the asset manager's after cash flow. BlackRock added that this increased cash flow from the tax reforms will be used in share buybacks and paying dividends, and also for investing in new products.

$BLK {{ '2018-01-18T20:31:11+0000' | timeago}} • Announcement

Assets under management of $BLK transcends $6 trillion mark at the end of 4Q17, helped by the strong market conditions. Revenue jumped 20% to $3.469Bil, while profit rose more than 100% to $2.304Bil or $14.07 per share on a GAAP basis, reflecting the $1.2Bil of net tax benefit related to the Tax Cuts and Jobs Act. Adjusted EPS was up 21% to $6.24.

$BLK {{ '2018-01-12T14:23:06+0000' | timeago}} • Infographic

$BLK BlackRock Inc. Earnings AlphaGraphic: Q4 2017 Highlights

$BLK {{ '2018-01-03T15:47:37+0000' | timeago}} • Announcement

$BLK's iShares inflows grew 19% organically to $246Bil in 2017 over 2016's $140Bil. Global AUM  of iShares grew to $1.754 trillion at 2017-end from $1.3 trillion at 2016-end. Global investors drove record growth in US iShares. BlackRock projects that global ETF market will more than double in AUM by 2022.

$BLK {{ '2017-11-28T18:52:42+0000' | timeago}} • Announcement

In an undisclosed deal, $BLK is set to acquire asset management business of Mexico-based Citibanamex, a subsidiary of $C. This deal involves about $31Bil in assets under management of Citibanamex. This transaction, which is expected to close in 2H18, will not have any material impact on the financials of BlackRock or Citigroup.

$BLK {{ '2017-11-17T12:26:06+0000' | timeago}} • Announcement

$BLK has declared a quarterly cash dividend of $2.50 per share on its common stock. The dividend is payable on December 21, 2017, to shareholders of record on December 4, 2017.

$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.

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