BlackRock Stock Lower After Quarterly Revenue Miss
BLKBlackRock(BLK) Schaeffers Investment Research·2024-07-15 22:15

BlackRock Inc (NYSE:BLK) stock was last seen down 0.3% to trade at 826.03,brushingoffasecondquarterearningsbeataftertheinvestmentfirmalsoreportedarevenuemiss.Higherclientassetvaluesandstrongdemandforitsexchangetradedfunds(ETFs)contributedtoarecord 826.03, brushing off a second-quarter earnings beat after the investment firm also reported a revenue miss. Higher client asset values and strong demand for its exchange-traded funds (ETFs) contributed to a record 10.6 trillion in managed assets, though TD Cowen still lowered its price target to 966from966 from 969.Should today's losses hold, the shares could snap a four-day win streak that came within striking distance of a March 8, two-year ...