BlackRock posted a 21% fourth quarter jump in profit after buoyant equity markets increased income from fees and drove its assets to a record high of $11.6 trillion, the world's largest money manager said on Wednesday.

BlackRock set a record for net inflows in 2024, with more than $600 billion.

BlackRock Inc. is tapping into a fast-growing corner of the options-powered ETF world with an offering aimed at Wall Street investors bracing for the S&P 500 to tread water.

BlackRock agreed to increase its disclosure of proxy voting practices and to a third-party audit to show it is complying with the state's terms.

Overseeing some $11.6 trillion, BlackRock is the world’s largest asset manager and houses around $700 billion managed for insurance companies. During the company’s third-quarter earnings call yesterday, Fink pointed to insurance as “one of the primary areas of growth for us.”

BlackRock ( BLK) shares rose 4% Wednesday morning as the asset manager posted better-than-expected quarterly results on record assets under management (AUM).

BlackRock Inc. attracted an annual record of $641 billion in client cash, underlining the firm’s global reach across public and, increasingly, private assets as it integrates multibillion-dollar acquisitions and reshapes its leadership.

In a report released today, Ken Shih from DBS maintained a Buy rating on BlackRock (BLK – Research Report), with a price target of

Jio Financial Services Q3 Results: Jio Financial Services Ltd on Friday said its consolidated profit remained flat at ₹ 295 crore for the third quarter ended in December 2024. The company had earned a consolidated net profit of ₹ 294 crore in the same quarter of the previous fiscal, Jio Financial Services said in a regulatory filing.

That uncertainty has left bond and stock traders coalescing around a strategy they’ll deploy after Trump is sworn into a second term on Monday. Focus on the long-term economic impacts. Filter out the daily noise. And keep cash on hand to pounce if he sets off market movements that seem destined to be short-lived.

To add a further complication, many of these funds are leveraged: They borrow money at short-term rates to buy long-term bonds. So if the Fed resumes cutting rates any time soon the funds would get a triple win: The bond investments would rise, the share price would rise still further, and the debt costs would plunge.