BlackRock (NYSE:BLK) stock closed with a 5.2% gain after the company reported a strong fourth quarter for 2024, surpassing expectations largely due to performance fees, managed expenses, and a favorable tax rate.
Citi wealth head Andy Sieg told employees that net new investment assets — which surged last year — are the division's "North Star."
BlackRock, Inc. (NYSE:BLK), the $157.1 billion asset management giant, disclosed in a recent SEC filing that Mark Wiedman, head of the Global Client Business, has resigned from his role, effective today.
BlackRock’s profits rose and assets under management edged up to a record $11.55 trillion in the fourth quarter. BlackRock posted net income of $1.67 billion, up 21% from the same period a year earlier.
BlackRock reported fourth-quarter earnings per share of $10.63. On an adjusted basis, per-share earnings of $11.93 topped analysts’ forecasts of $11.24. The world’s largest asset manager reported net income of $1.
Rising stock prices tend to bode well for BlackRock, the world’s largest money manager, as inflows boost the hundreds of funds it offers. The past quarter was likely no exception. Analysts tracked by FactSet expect the New York-based firm to report a record $11.
As investors await earnings from the big banks, they've just gotten the latest results from BlackRock. The company said $284 billion flowed into its total assets under management (AUM), which amounted to $11.
Wells Fargo (WFC) and [**Bank of New York Mellon (B
Larry Fink had evangelized on the need to use the company’s investing might to force corporations to reduce their carbon footprint.
Major US banks officially open earnings season with record numbers that beat analysts' expectations. Stocks rise sharply
Big banks kick off Q4 results with Goldman Sachs, JPMorgan Chase, Wells Fargo, BlackRock, Citi reporting. Some names are basing.
Citi cuts more jobs to reduce expenses
· 8h
Citigroup axes more jobs as part of ongoing cost-cutting plan
Citigroup cutting more jobs to meet CEO’s expense goals despite strong quarter
Citigroup is cutting more jobs this week to meet CEO Jane Fraser’s expense goals, Bloomberg News reported Thursday, citing people familiar with the matter. Managing directors in the wealth and technology units are leaving the firm and Citi is also axing people from a team that compiles data and analysis on the bank’s clients,
· 1d · on MSN
Citi cuts more jobs to reduce expenses: report
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