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.

Major US banks officially open earnings season with record numbers that beat analysts' expectations. Stocks rise sharply

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.

Citi wealth head Andy Sieg told employees that net new investment assets — which surged last year — are the division's "North Star."

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.

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.

Wells Fargo (WFC) and [**Bank of New York Mellon (B

Citigroup is cutting more jobs this week after going through an overhaul last year, a spokesperson for the lender said on Thursday, as a part of the sweeping reorganization under Chief Executive Officer Jane Fraser to cut costs.

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.

Larry Fink had evangelized on the need to use the company’s investing might to force corporations to reduce their carbon footprint.

Investor climate initiatives can and should play a role in stewarding the economy but have so far failed to bring real-world emissions into line with global goals.