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BlackRock

BlackRock is the largest asset manager in the world, with $11.475 trillion in assets under management at the end of September 2024. Its product mix is fairly diverse, with 55% of managed assets in equity strategies, 26% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada.

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Keefe, Bruyette &amp; Woods analyst Aidan Hall raised the price forecast on BlackRock, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) to $1,180 from $1,160 <a target="_blank" href="https://www.benzinga.com/quote/blk/analyst-ratings" rel="noreferrer noopener">while maintaining an Outperform rating</a>.
On Wednesday, the investment giant&nbsp;reported fourth-quarter results, with revenue of&nbsp;$5.68 billion, beating the consensus of&nbsp;$5.53 billion and adjusted EPS of $11.93,&nbsp;<a target="_blank" href="https://www.benzinga.com//node/42997625" rel="noreferrer noopener">surpassing the consensus of&nbsp;$11.21</a>.
The analyst writes that BLK shares responded favorably to the results, surpassing both peers and the broader market by more than 300 basis points.
BlackRock is still in the early phases of its transformation, with management&#8217;s commentary remaining constructive on growth initiatives for 2025, adds the analyst.
Notably, Hall writes that management highlighted ongoing initiatives to meet the growing demand for alternative investments in the retail channel.
These include a managed model partnership with Partners Group, offering a single-subscription document with three risk profiles and a mix of BlackRock and Partners Group funds, adds the analyst.
Also, the analyst writes that management expects core G&amp;A growth in the mid-to-high single digits for 2025, including expenses related to GIP and Preqin.
Hall now anticipates $152.5 million in G&amp;A expenses from GIP and Preqin and expects core G&amp;A to grow 7.9% in 2025, excluding HPS, which the analyst model to close by June 30.
Management also expects continued operating margin expansion, driven by a more variable expense base, with the analyst projecting an estimated 80bps margin improvement to 45.3% in 2025.
Consequently, the analyst slightly adjusted EPS estimates to $10.94 (from $10.92) for first-quarter FY25, $47.23 (from $46.94) for 2025 and $53.62 (from $53.89) for 2026.
The revisions reflect higher operating expenses, primarily from compensation and benefits, as well as amortization of intangibles, partially offset by higher total revenue, says the analyst.
Investors can gain exposure to the stock via&nbsp;Fidelity Disruptive Finance ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDFF#NASDAQ">FDFF</a>) and Spinnaker ETF Series Genter Capital International Dividend ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GENW#NYSE">GENW</a>).
Price Action: BLK shares are down 2.44% at $988.42 at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/43027627" target="_blank" rel="noreferrer noopener">BlackRock&#8217;s ETF Business Excels In 2024 With Record $390 Billion Net Inflows</a></li>
</ul>
Photo by rafapress on Shutterstock.

Analyst Color

Large Cap

Price Target

Reiteration

Analyst Ratings

Trading Ideas

FDFF

GENW

BlackRock Warrants Premium Valuation, Analyst Highlights Growth Potential And Initiatives

Morgan Stanley analyst Mike Cyprys maintains BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) with a Overweight and raises the price target from $1261 to $1275.

Morgan Stanley Maintains Overweight on BlackRock, Raises Price Target to $1275

Financial giants have made a conspicuous bearish move on BlackRock. Our analysis of options history for BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) revealed 12 unusual trades.
Delving into the details, we found 16% of traders were bullish, while 58% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $631,190, and 6 were calls, valued at $437,557.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $470.0 to $1340.0 for BlackRock over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for BlackRock's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across BlackRock's significant trades, within a strike price range of $470.0 to $1340.0, over the past month.
<h3>BlackRock Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737046860_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BLK</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$70.4</td>
<td>$64.6</td>
<td>$67.0</td>
<td>$1020.00</td>
<td>$268.0K</td>
<td align="right">4</td>
<td align="right">40</td>
</tr>
<tr>
<td>BLK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$98.9</td>
<td>$96.0</td>
<td>$98.9</td>
<td>$1000.00</td>
<td>$187.9K</td>
<td align="right">70</td>
<td align="right">20</td>
</tr>
<tr>
<td>BLK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$135.9</td>
<td>$135.9</td>
<td>$135.9</td>
<td>$1100.00</td>
<td>$135.9K</td>
<td align="right">13</td>
<td align="right">10</td>
</tr>
<tr>
<td>BLK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$103.6</td>
<td>$96.7</td>
<td>$103.6</td>
<td>$1100.00</td>
<td>$114.0K</td>
<td align="right">2</td>
<td align="right">21</td>
</tr>
<tr>
<td>BLK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/18/26</td>
<td>$128.5</td>
<td>$122.0</td>
<td>$128.5</td>
<td>$1040.00</td>
<td>$89.9K</td>
<td align="right">0</td>
<td align="right">8</td>
</tr>
</tbody>
</table>

<h3>About BlackRock</h3>
BlackRock is the largest asset manager in the world, with $11.475 trillion in assets under management at the end of September 2024. Its product mix is fairly diverse, with 55% of managed assets in equity strategies, 26% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada.
After a thorough review of the options trading surrounding BlackRock, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is BlackRock Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 378,961, with BLK's price down by -1.94%, positioned at $993.48.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 85 days.</li>
</ul>
<h3>Expert Opinions on BlackRock</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $1125.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from JP Morgan persists with their Neutral rating on BlackRock, maintaining a target price of $971. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for BlackRock, targeting a price of $1160. 
&#x2A; Maintaining their stance, an analyst from Keefe, Bruyette &amp; Woods continues to hold a Outperform rating for BlackRock, targeting a price of $1160. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on BlackRock, which currently sits at a price target of $1155. 
&#x2A; An analyst from Keefe, Bruyette &amp; Woods persists with their Outperform rating on BlackRock, maintaining a target price of $1180. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for BlackRock with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Behind the Scenes of BlackRock's Latest Options Trends

Keefe, Bruyette &amp; Woods analyst Aidan Hall maintains BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) with a Outperform and raises the price target from $1160 to $1180.

Keefe, Bruyette & Woods Maintains Outperform on BlackRock, Raises Price Target to $1180

Wells Fargo analyst Michael Brown maintains BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) with a Overweight and raises the price target from $1155 to $1175.

Wells Fargo Maintains Overweight on BlackRock, Raises Price Target to $1175

BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) discussed the role of exchange-traded funds (ETFs) in its growth strategy during its <a href="https://www.benzinga.com/25/01/42997625/blackrock-beats-q4-estimates-fueled-by-record-inflows-116-trillion-aum-milestone">fourth-quarter earnings commentary</a>. Its Q4 results showed significant achievements and robust momentum across its ETF business. The asset management giant reported $390 billion in ETF net inflows in 2024, representing 11% organic asset growth and 7% organic base fee growth.
Crunching The Inflow Numbers
The fourth quarter alone saw $143 billion in ETF inflows, driven by seasonal portfolio reallocations and investor re-risking as U.S. equity indices and spot Bitcoin prices hit record highs. iShares products helped clients diversify and invest in key investment themes.
ETFs are a core driver of BlackRock&#8217;s growth strategy. &#8220;Since our acquisition of iShares, Blackrock has led in expanding the market for ETFs by making them more accessible and by delivering new asset classes like bonds or crypto and investment strategies like Active. Approximately a quarter of our $390 billion of ETF net inflows were into products launched in the last five years,&#8221; said BlackRock CEO Larry Fink.
Notably, its Bitcoin ETP emerged as the largest ETF launch in history, amassing over $50 billion in assets under management (AUM) within a year. Active ETFs also had a great year, recording $22 billion in net inflows in 2024.
European Expansion
In Europe, BlackRock scaled its ETF platform considerably, with $90 billion in net inflows in the year, driving the European platform's AUM closer to $1 trillion. The region has seen double-digit organic growth for two straight years, thanks to the rise of individual investors using online platforms and ETF savings plans. Moreover, increasing financial education among first-time investors also enabled them to enter the markets.
A large part of BlackRock's growth story constitutes acquisitions, including GIP, Preqin, and HPS, which continues to complement the firm's long-term vision of integrated public and private markets and a larger suit of technology offerings. According to Bloomberg analyst Eric Balchunas, the iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>) raked in the second largest amount of inflows in 2024, at $86.8 billion. 
See Next: 
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</ul>
Photo: Shutterstock

Sector ETFs

ETFs

BlackRock's ETF Business Excels In 2024 With Record $390 Billion Net Inflows

BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) experienced a year of exceptional growth in 2024, with $390 billion in net inflows into its exchange-traded funds, according to its <a href="https://www.benzinga.com/25/01/42997625/blackrock-beats-q4-estimates-fueled-by-record-inflows-116-trillion-aum-milestone">fourth-quarter earnings call</a>. Listed are a few iShares ETFs that could be of investors&#8217; interest.
What Happened: BlackRock ETFs&#8217; industry-leading performance resulted in 11% organic asset growth and a 7% increase in organic base fee revenue, said CFO Martin Small.
Its newly launched digital assets exchange-traded products saw a record inflow of $41 billion. The fourth quarter also saw strong inflows of $143 billion, driven by seasonal rebalancing which demonstrated significant year-end momentum, added Small.
The chairman and CEO, Larry Fink said that roughly 25% of the $390 billion inflows originated from products launched within the last five years. Active ETFs garnered $22 billion in net inflows during 2024, while Bitcoin ETP achieved record-breaking growth, surpassing $50 billion in assets under management within its first year.
&#8220;It was the third-highest asset gathering ETF in the entire ETF industry, behind only to the S&amp;P 500 index funds,&#8221; Fink said.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>ETFs</td>
<td>Six Month Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>iShares Bitcoin Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NYSE">IBIT</a>)</td>
<td>52.38%</td>
<td>129.13%</td>
</tr>
<tr>
<td>iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>)</td>
<td>4.87%</td>
<td>24.79%</td>
</tr>
<tr>
<td>iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>)</td>
<td>-0.25%</td>
<td>17.40%</td>
</tr>
<tr>
<td>iShares Core S&amp;P Total U.S. Stock Market ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITOT#NYSE">ITOT</a>)</td>
<td>5.20%</td>
<td>24.66%</td>
</tr>
<tr>
<td>iSharesTop 20 U.S. Stocks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOPT#NYSE">TOPT</a>)</td>
<td>5.48%</td>
<td>0.50%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42999475/amd-shares-hint-at-a-reversal-as-charts-show-bullish-stick-sandwich-following-a-double-downgrade-from-hsbc">AMD Shares Hint At A Reversal As Charts Show Bullish Stick Sandwich Following A Double Downgrade From HSBC </a>
Why It Matters: BlackRock delivered strong Q4 results, exceeding expectations. Revenue surged 23% year-over-year to $5.68 billion, surpassing the consensus estimate. Earnings per share also climbed 23% to $11.93, beating analyst forecasts.
Business&#8217; total net inflows for the quarter reached $281 billion, contributing to a record $641 billion in inflows for the full year. Assets under management expanded to $11.6 trillion, up from $10.0 trillion in 2023. Adjusted operating income surged 36% year-over-year to $2.33 billion, driven by a margin expansion to 45.5% from 41.6% in the prior year.
&#8220;From first-time individual investors to the most sophisticated institutions, ETFs are connecting investors to the growth of the capital markets around the world,&#8221; added Fink.
Price Action: BlackRock was down 0.12% in premarket on Thursday but the stock has risen by 0.05% over the last six months and 28.03% over a year.
BLK has a consensus price target of $948.09, according to the 22 analysts<a href="https://www.benzinga.com/quote/BLK/analyst-ratings"> tracked by Benzinga</a>. The high target is $1275, and the low is $540. Recent ratings by JP Morgan, Deutsche Bank, and JPMorgan suggest a $1099.67 target, implying an 8.34% upside.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/BLK/analyst-ratings"><img loading="lazy" decoding="async" width="943" height="360" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16080230/BLK-ANR.png" alt="" class="wp-image-736697" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16080230/BLK-ANR.png 943w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16080230/BLK-ANR-300x115.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16080230/BLK-ANR-768x293.png 768w" sizes="(max-width: 943px) 100vw, 943px" /></a></figure>
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Image via Shutterstock

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Emerging Market ETFs

Currency ETFs

ITOT

QNXT

TOPT

BlackRock Generates Industry-Leading ETF Inflows Of $390 Billion In 2024: Here Are Five iShares ETFs That Investors Should Look Out For

Providing a diverse range of perspectives from bullish to bearish, 12 analysts have published ratings on BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) in the last three months.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">6</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $1138.5, with a high estimate of $1275.00 and a low estimate of $914.00. Surpassing the previous average price target of $1105.75, the current average has increased by 2.96%.
<img src="https://www.benzinga.com/files/images/story/2025/1737032488_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive BlackRock. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Kenneth Worthington</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$1053.00</td>
<td>$971.00</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$1275.00</td>
<td>$1215.00</td>
</tr>
<tr>
<td>Kenneth Worthington</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$971.00</td>
<td>$914.00</td>
</tr>
<tr>
<td>Aidan Hall</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$1160.00</td>
<td>$1225.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$1160.00</td>
<td>$1220.00</td>
</tr>
<tr>
<td>Michael Brown</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$1155.00</td>
<td>$1200.00</td>
</tr>
<tr>
<td>William Katz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$1200.00</td>
<td>$1150.00</td>
</tr>
<tr>
<td>Mike Cyprys</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1261.00</td>
<td>$1245.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1220.00</td>
<td>$1120.00</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$1133.00</td>
<td>$1105.00</td>
</tr>
<tr>
<td>Glenn Schorr</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1160.00</td>
<td>$1040.00</td>
</tr>
<tr>
<td>Kenneth Worthington</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$914.00</td>
<td>$864.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to BlackRock. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of BlackRock compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of BlackRock's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of BlackRock's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BLK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on BlackRock analyst ratings.</a>
<h2>Unveiling the Story Behind BlackRock</h2>
BlackRock is the largest asset manager in the world, with $11.475 trillion in assets under management at the end of September 2024. Its product mix is fairly diverse, with 55% of managed assets in equity strategies, 26% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada.
<h3>BlackRock's Financial Performance</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Over the 3 months period, BlackRock showcased positive performance, achieving a revenue growth rate of 14.93% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: BlackRock's net margin is impressive, surpassing industry averages. With a net margin of 31.38%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.01%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): BlackRock's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.26%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: BlackRock's debt-to-equity ratio is below the industry average. With a ratio of 0.34, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where BlackRock Stands With Analysts

JP Morgan analyst Kenneth Worthington maintains BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) with a Neutral and raises the price target from $971 to $1053.

JP Morgan Maintains Neutral on BlackRock, Raises Price Target to $1053

Deutsche Bank analyst Brian Bedell maintains BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) with a Buy and raises the price target from $1215 to $1275.

Deutsche Bank Maintains Buy on BlackRock, Raises Price Target to $1275

Wall Street staged a strong rebound on Wednesday, as mixed inflation data bolstered investor confidence in the Federal Reserve's continuation of easing cycle in 2025, <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43001512/inflation-rises-to-29-in-december-core-slows-yet-rising-energy-costs-put-feds-target-at-risk">easing recent market anxieties.</a>
The headline Consumer Price Index rose 2.9% year-over-year in December, up from November&#8217;s 2.7% and aligning with economist forecasts. On a monthly basis, headline inflation increased by 0.4%, up from November&#8217;s 0.3%, marking the sharpest monthly rise since March 2024.
The inflation report strengthened market expectations for Fed rate cuts in 2025. The probability of a rate cut by June climbed to 63%, up from 55% the previous day, with December futures now pricing in a 50% chance of two rate cuts.
The S&amp;P 500 advanced 1.5% by midday trading in New York, and the Dow Jones followed suit with a similar gain, both supported by strength in financial stocks. The Nasdaq 100 outperformed, rising 1.9%, while small-cap stocks posted a 1.7% gain.
Key financial giants, including JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>), and BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), exceeded Wall Street's <a href="https://www.benzinga.com/news/earnings/25/01/43007354/big-banks-crush-q4-earnings-forecasts-financial-stocks-set-for-biggest-1-day-rally-since-trumps-election">fourth-quarter 2024 earnings expectations.</a>
The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) surged nearly 2.2%, leading all S&amp;P 500 sectors and recording its strongest one-day gain in over two months.
In the bond market, yields on the 2-year Treasury note, which is highly sensitive to interest rate expectations, fell 9 basis points to 4.28%, while 30-year yields dropped 8 basis points to 4.89%. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) gained 1.3% as bond prices rose.
The U.S. Dollar Index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), remained flat, with dollar strength against the euro offset by weakness versus the yen.
West Texas Intermediate — as tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) — rallied 2%, hitting $80 a barrel during the day amid a stronger-than-expected drop in commercial crude stocks last week.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) jumped 2.6%, nearing $99,000, buoyed by optimism surrounding potential Fed rate cuts. Meanwhile, gold, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), gained 0.5%. 
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,142.06</td>
<td>1.9%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,257.59</td>
<td>1.7%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,932.76</td>
<td>1.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,153.53</td>
<td>1.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:15 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011525&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.5% to $590.96.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 1.5% to $431.31.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1.9% to $514.49.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) increased 1.8% to $223.77.</li>
<li>The&nbsp;Financial Select Sector SPDR Fund outperformed, up 1.2%; the&nbsp;Consumer Staples Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) lagged, down 0.3%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>Citigroup Inc. rallied over 7%, in reaction to stronger-than-expected earnings, marking the strongest performance within the S&amp;P 500 index.</li>
<li>Intuitive Surgical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) rose 6.9% after RBC raised its 12-month price target to $641. </li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares climbed more than 5% after RBC increased its price target for the stock from $313 to $440, while reaffirming its outperform rating.</li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43006771/bitcoin-up-to-99000-is-loving-inflation-data-release-xrp-dogecoin-follow-higher">Bitcoin Up To $99,000 &#8216;Is Loving&#8217; Inflation Data Release, XRP, Dogecoin Follow Higher</a></li>
</ul>
Photo: Shutterstock

Macro Economic Events

Bonds

Commodities

Econ #s

Economics

SPDR Dow Jones Industrial Average ETF Trust

ISRG

iShares Trust Barclays 20+ Year Treasury Bond Fund

PowerShares DB US Dollar Index Bullish Fund

Wall Street Rallies As Treasury Yields Fall, Banks Smash Q4 Earnings, Oil Hits $80: What's Driving Markets Wednesday?

<figure class="wp-block-image size-large"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2025/01/2025-01-15_08h43_48.png" alt="" /></figure>
To gain an edge, this is what you need to know today.
<h4 class="wp-block-heading">Trifecta Of Good Data</h4>
An enlarged chart of SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) which represents the benchmark stock market index S&amp;P 500 (SPX).
Note the following:
<ul>
<li>The chart shows that previously the stock market dipped below the breakout line.</li>
<li>The chart shows that on release of the Consumer Price Index (CPI) data the stock market has now crossed above the breakout line.</li>
<li>The buying in the early trade is extremely aggressive.</li>
<li>Core inflation data at the consumer level came cooler than expected but the headline data was hotter than expected.&nbsp; For the time being, the stock market is ignoring the hotter headline data and focusing on the cooler core data.&nbsp; Here are the details:
<ul>
<li>Headline CPI came at 0.4% vs. 0.3% consensus.</li>
<li>Core CPI came at 0.2% vs. 0.3% consensus.</li>
</ul>
</li>
<li>The Arora Report previously shared with you:</li>
</ul>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">The protection band is not being changed at this time, but members may consider adjusting their positions within the protection band as per personal preference.&nbsp; There are two reasons for no change in the protection band at this time:
</blockquote>
<ul>
<li>Earnings season is ahead.&nbsp; If earnings are good, the stock market may be able to resist rising yields longer.</li>
<li>Bonds are now very oversold.&nbsp; For this reason, bonds may see a technical bounce.&nbsp; The bounce in bonds means yields pulling back.&nbsp; If yields pull back, the stock market will rally.</li>
<li>On both of the above counts, the data is positive.
<ul>
<li>Today is a big day for earnings from major financial stocks.&nbsp; JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Wells Fargo &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Bank of New York Mellon Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>), BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), and Citigroup Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) are reporting earnings better than consensus.</li>
<li>Bonds are bouncing from oversold conditions.</li>
</ul>
</li>
<li>The trifecta of cooler Core CPI, better than expected earnings, and bonds bouncing is bringing in extremely aggressive buying.</li>
<li>In The Arora Report analysis, the probability of a correction is now at 40%.&nbsp;</li>
<li>The Fed's Beige Book will be released today at 2pm.</li>
<li>Retail sales and initial jobless claims data will be released tomorrow at 8:30am ET and may be market moving.</li>
</ul>
<h4 class="wp-block-heading">Germany</h4>
Germany's GDP shrank now for two consecutive years.&nbsp; Economic growth in 2025 is not expected.
<h4 class="wp-block-heading">Magnificent Seven Money Flows</h4>
In the early trade, money flows are positive in Apple Inc, Amazon.com, Inc., Alphabet Inc Class C, Meta Platforms Inc, Microsoft Corp, NVIDIA Corp, and Tesla Inc.
In the early trade, money flows are positive in S&amp;P 500 ETF (SPY) and Invesco QQQ Trust Series 1.
<h4 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h4>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trus.  The most popular ETF for silver is iShares Silver Trust.  The most popular ETF for oil is United States Oil ETF.
<h4 class="wp-block-heading">Bitcoin</h4>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is seeing buying on cooler Core CPI.
<h4 class="wp-block-heading">Protection Band And What To Do Now</h4>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h4 class="wp-block-heading">Traditional 60/40 Portfolio</h4>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Trifecta Of Good Data Puts Animal Spirits In High Gear Again To Buy Stocks

Major indices rallied on Wednesday after December inflation data showed underlying price pressures slowing, reducing fears of a prolonged pause in interest rate cuts <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43001512/inflation-rises-to-29-in-december-core-slows-yet-rising-energy-costs-put-feds-target-at-risk">by the Federal Reserve. </a>
The headline Consumer Price Index rose 2.9% year-over-year in December, up from November's 2.7%, matching economist forecasts. On a monthly basis, headline inflation increased 0.4%, accelerating from the 0.3% surge in November and marking the largest monthly rise since March 2024.
Core inflation, which excludes volatile food and energy prices, rose 3.2% year-over-year, slightly below the expected 3.3%. Month-over-month, core prices gained 0.2%, in line with forecasts.
The inflation data boosted expectations for Fed rate cuts in 2025. The probability of a rate cut by June rose to 68% from 55% the previous day, with December futures now indicating a 58% chance of two cuts by year-end.
<h3 class="wp-block-heading">Wall Street Gains As Bond Yields Retreat, Financial Stocks Soar</h3>
The S&amp;P 500 index – as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) – surged 1.5% in early New York trading, led by financial stocks after major banks reported strong fourth-quarter earnings.
JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) and BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) all topped earnings forecasts for the fourth quarter and released upbeat guidance, reiterating that the financial sector thrived heading to the end of last year.
The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) rose 2.2%, leading all S&amp;P 500 sectors, while the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) jumped 3.4%, reflecting strong performance among regional banks.
The Dow rose 1.6%, while the Russell 2000 index outperformed, climbing 2.6%. Tech stocks, tracked by the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), gained 1.7%, boosted by falling Treasury yields.
Yields on the policy-sensitive 2-year Treasury note fell 9 basis points to 4.27%, while 30-year yields dropped 9 basis points to 4.88%. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) gained 1.6% as bond prices rallied.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 2% to over $99,000, supported by rising hopes for Fed rate cuts. Gold, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), added 0.5%.
<h3 class="wp-block-heading">Top Movers</h3>
S&amp;P 500 Gainers:
<ul>
<li>Texas Pacific Land Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>): +5.85%</li>
<li>BlackRock Inc.: +5.54%</li>
<li>Assurant Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIZ#NYSE">AIZ</a>): +5.49%</li>
<li>Bio-Techne Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TECH#NASDAQ">TECH</a>): +5.36%</li>
<li>Citigroup Inc.: +5.16%</li>
</ul>
Nasdaq 100 Movers:
<ul>
<li>Copart Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>): +4.62%</li>
<li>Intuitive Surgical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>): +4.60%</li>
<li>AppLovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>): +4.43%</li>
<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>): +4.30%</li>
<li>The Trade Desk Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>): +3.39%</li>
</ul>
Top Gainers In The Invesco KBW Bank ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBWB#NYSE">KBWB</a>):
<ul>
<li>Citigroup Inc.: +5.27%</li>
<li>Wells Fargo &amp; Co.: +4.80%</li>
<li>Bank of New York Mellon Corp.: +4.35%</li>
<li>Western Alliance Bancorp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>): +4.13%</li>
<li>Goldman Sachs Group Inc.: +4.02%</li>
</ul>
Read now: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43000684/jpmorgan-q4-earnings-shine-investment-banking-revenue-jumps-46-yy-jamie-dimon-says-inflation-may-persist-for-some-time">JPMorgan Chase Q4 Earnings: Investment Banking Revenue Jumps 46%, CEO Jamie Dimon Says &#8216;Inflation May Persist For Some Time&#8217;</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Small Cap

Federal Reserve

Tech

CPRT

KBWB

PLTR

TECH

Stocks Rise On Core Inflation Slowdown, Banks Rally After Strong Q4 Earnings, Treasury Yields Plummet

Interview

BlackRock CEO Larry Fink Says Don't Believe You'll See BlackRock In The Market Buying Whole Companies

BlackRock&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NASDAQ">BLK</a>) Head of Digital Assets, Robert Mitchnick, on Wednesday said that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) adoption is still in its &#8220;early days&#8221;, particularly within the wealth advisory <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42644568/institutional-crypto-adoption-for-real-this-time-says-messari">and institutional segments.</a>
What Happened: He shared this perspective during an <a href="https://www.bloomberg.com/news/videos/2025-01-14/ibit-mstr-draw-different-investor-types-mitchnick-video">interview</a> with Bloomberg, discussing the firm&#8217;s focus for the second year of their IBIT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) ETF.
Mitchnick acknowledged that the first year of IBIT saw record-setting inflows and asset accumulation.
He highlighted that BlackRock is still prioritizing its role as a resource and education partner for clients.
The firm specifically targets wealth advisors and institutions, which it believes hold the key to long-term adoption.
Mitchnick stated that the direct end investor demand was &#8220;gangbusters out of the gates&#8221;, but the wealth advisory and institutional segments are yet to see full adoption due to higher hurdles, including more thorough diligence and approval processes.
He noted that while both wealth advisory and institutional channels present significant opportunities, the wealth advisory channel is currently showing the most momentum. 
Firms are working through expedited approvals to allow their advisors to add Bitcoin ETPs to client portfolios.
Mitchnik pointed out that although institutional adoption is moving slowly, BlackRock is &#8220;starting to see more of them emerge&#8221;, particularly in the last quarter of the year.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42985098/gary-gensler-defends-sec-legacy-we-focused-on-reforms-in-the-60-trillion-equity-markets">Gary Gensler Defends SEC Legacy: &#8216;We Focused On Reforms In The $60 Trillion Equity Markets&#8217;</a>
Why It Matters: Mitchnick&#8217;s comments suggest that while initial enthusiasm for Bitcoin ETFs has been strong, the long-term growth and <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42996138/new-crypto-accounting-rules-could-accelerate-corporate-bitcoin-adoption-says-ceo-of-leading-btc-miner-mark-to-market-standards-really-important">mainstream adoption</a> of Bitcoin will require deeper engagement with wealth advisors and institutional investors, and the market remains at a very early stage of maturity.
While BlackRock CEO Larry Fink has shifted from being a Bitcoin skeptic to <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41323418/blackrock-ceo-larry-fink-says-bitcoin-other-cryptos-have-bright-future-regardless-of-wheth">embracing its potential</a> in recent years, JPMorgan Chase CEO Jamie Dimon has held firm in <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42869884/jamie-dimon-questioned-bitcoins-21-million-cap-years-before-blackrock-heres-how-much-youd-have-if-you-invested-1000-into-btc-when-jpmorgan-ceo-shared-his-take">his opposition</a>.
Despite his personal views, JPMorgan has capitalized on Bitcoin's integration into financial products, including its role as an authorized participant for BlackRock's spot Bitcoin ETF.
For instance, speaking with CBS News on Tuesday, Dimon <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42940832/jamie-dimon-says-hes-not-against-blockchains-but-trades-guns-on-bitcoin-again-it-has-no-intrinsic-value-i-just-dont-feel-great-about">reiterated his long-standing criticism</a>, stating, "Bitcoin itself lacks intrinsic value. It is heavily used in activities such as money laundering, ransomware, and human trafficking, which makes me uncomfortable with it."
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42982920/microstrategy-plans-perpetual-preferred-stock-offering-to-bolster-bitcoin-strategy">MicroStrategy Plans Perpetual Preferred Stock Offering To Bolster Bitcoin Strategy</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Bitcoin Adoption Still Early, BlackRock Says

Investment giant&nbsp;BlackRock, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) stock is trading higher after the company&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b42996688/blackrock-reports-full-year-2024-diluted-eps-of-42-01-or-43-61-as-adjusted-fourth-quarter-2024-dil" rel="noreferrer noopener">reported&nbsp;fourth-quarter&nbsp;results</a>.
Revenue grew 23% year over year to&nbsp;$5.68 billion, beating the consensus of&nbsp;$5.53 billion.&nbsp;
Investment advisory, administration fees, and securities lending revenues increased to&nbsp;$4.4 billion&nbsp;from&nbsp;$3.6 billion&nbsp;a year ago, led by higher organic base fee, the impact of market beta on average AUM and, around $230 million of fees related to AUM acquired in the GIP Transaction.
Technology services revenue rose to&nbsp;$428 million&nbsp;from&nbsp;$379 million&nbsp;the prior year, led by the successful onboarding of several new clients.
BlackRock stated that net inflow stood at&nbsp;$281 billion&nbsp;in the quarter and $641 billion in 2024.
Total AUM stood at&nbsp;$11.6 trillion at the end of the year compared to $10.0 trillion in 2023.
Adjusted operating income rose&nbsp;36%&nbsp;Y/Y to&nbsp;$2.33 billion, with the margin expanding to&nbsp;45.5%&nbsp;from&nbsp;41.6%&nbsp;a year ago.
Adjusted EPS increased&nbsp;23%&nbsp;Y/Y to&nbsp;$11.93,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the consensus of&nbsp;$11.21.</a>
BlackRock repurchased shares worth&nbsp;$1.6 billion in the year.&nbsp;
Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42984073/banks-kick-off-earnings-season-on-wednesday-retail-traders-bet-big-on-financials-ahead-of-regulatory-tailwinds" rel="noreferrer noopener">Banks Kick Off Earnings Season On Wednesday: Retail Traders Bet Big On Financials Ahead Of Regulatory Tailwinds</a>
Laurence D. Fink, Chairman and CEO, said,&nbsp;&#8220;Client activity accelerated into the fourth quarter, resulting in 7% organic base fee growth and 12% technology services ACV growth.&#8221;
In December 2024, the company disclosed a definitive agreement to acquire&nbsp;HPS Investment&nbsp;Partners&nbsp;<a target="_blank" href="https://www.benzinga.com/24/12/42296768/blackrock-makes-12-billion-power-move-acquires-hps-to-bolster-private-credit-offerings" rel="noreferrer noopener">for around $12 billion</a>.
This transaction strengthens BlackRock&#8217;s offerings for insurance clients. The deal is expected to increase private markets fee-paying AUM and management fees by 40% and 35%, respectively, and be modestly accretive to BlackRock&#8217;s as-adjusted earnings&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">per share in the first full year post-close</a>.
Fink added, &#8220;Our record organic growth and financial results do not yet reflect the full integration or pending acquisitions of the high-growth businesses of GIP, HPS and Preqin. And we&#8217;ve steadily made organic investments ahead of structural trends that we expect to drive outsized growth in the years ahead.&#8221;
Investors can gain exposure to the stock via&nbsp;Fidelity Disruptive Finance ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDFF#NASDAQ">FDFF</a>) and&nbsp;Schwab US Dividend Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHD#NYSE">SCHD</a>).
Price Action: BLK shares are up 2.38% at $986.12 premarket at the last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/01/42910264/trump-fallout-blackrock-exits-climate-alliance-cites-regulatory-pressure-and-client-confusion" target="_blank" rel="noreferrer noopener">Trump Fallout? BlackRock Exits Climate Alliance, Cites Regulatory Pressure And Client Confusion</a></li>
</ul>
Photo by rafapress on Shutterstock.

Earnings

Movers

SCHD

BlackRock Q4 Earnings: Record Inflows Fuel Revenue And Earnings Beat, AUM Hits $11.6 Trillion Milestone

WIIM

BlackRock shares are trading higher after the company reported better-than-expected Q4 financial results.

BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) reported quarterly earnings of $11.93 per share which beat the analyst consensus estimate of $11.21 by 6.42 percent. The company reported quarterly sales of $5.677 billion which beat the analyst consensus estimate of $5.531 billion by 2.63 percent. This is a 22.59 percent increase over sales of $4.631 billion the same period last year.

Earnings Beats

BlackRock Q4 2024 Adj. EPS $11.93 Beats $11.21 Estimate, Sales $5.677B Beat $5.531B Estimate

<h3>Companies Reporting Before The Bell</h3>
• BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) is likely to report quarterly earnings at $11.21 per share on revenue of $5.53 billion. 
• Valens Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLN#NYSE">VLN</a>) is likely to report earnings for its third quarter. 
• JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) is likely to report quarterly earnings at $4.04 per share on revenue of $41.56 billion. 
• Goldman Sachs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) is estimated to report quarterly earnings at $8.27 per share on revenue of $12.33 billion. 
• Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) is expected to report quarterly earnings at $1.24 per share on revenue of $19.41 billion. 
• Bank of New York Mellon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) is projected to report quarterly earnings at $1.54 per share on revenue of $4.63 billion. 
• Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) is projected to report quarterly earnings at $1.26 per share on revenue of $20.28 billion. 
<h3>Companies Reporting After The Bell</h3>
• Home BancShares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOMB#NYSE">HOMB</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $256.67 million. 
• Synovus Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) is likely to report quarterly earnings at $1.15 per share on revenue of $566.76 million. 
• H.B. Fuller (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>) is projected to report quarterly earnings at $0.92 per share on revenue of $904.32 million. 
• Concentrix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) is likely to report quarterly earnings at $3.07 per share on revenue of $2.44 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CNXC

HOMB

Earnings Scheduled For January 15, 2025

Banks reporting fourth-quarter earnings on Wednesday will take center stage, with investors watching closely for insights on the health <a href="https://www.benzinga.com/news/econ-s">of the U.S. economy. </a>
Traditionally seen as a barometer for broader economic performance, strong results from banks could set a positive tone for other sectors and the outlook for 2025.
Meanwhile, retail investors seem to have flocked to financial stocks ahead of earnings, anticipating strong results and positive commentary on the regulatory landscape going forward. 
<h1 class="wp-block-heading">What To Expect From Banks Q4 Results: Earnings And Revenue Projections</h1>
According to data from <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011425&amp;t=be2bearmibe3na1">Benzinga Pro</a>:
<ul>
<li>Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) is projected to report an estimated earnings per share of $8.17, a significant 49% increase from the $5.48 it posted in the same quarter of 2023. Revenue is forecast at $12.25 billion, reflecting an 8% gain from $11.32 billion a year earlier.</li>
<li>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) is forecast to post EPS of $4.11, a 35% increase from $3.04 in the fourth quarter of 2023. Revenue is projected to grow 8% year-over-year to $41.71 billion, up from $38.57 billion.</li>
<li>Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) is anticipated to show a sharp turnaround with an expected EPS of $1.22 compared to a loss of $1.16 in the fourth quarter of 2023. Revenue is estimated to rise 12% to $19.48 billion, up from $17.44 billion.</li>
<li>Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) is likely to report EPS of $1.35, up 57% from 86 cents in the same quarter last year. Revenue is expected to remain largely flat, edging up 0.5% to $20.59 billion compared to $20.48 billion.</li>
<li>Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) is projected to deliver EPS of $1.56, a substantial improvement from 33 cents a year earlier, with revenue increasing 8% to $4.65 billion, a slight rise from $4.31 billion.</li>
<li>BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) is expected to report EPS of $11.22, an increase of 16% from $9.66 in the fourth quarter of 2023. Revenue is estimated to grow 19% to $5.52 billion, up from $4.63 billion.</li>
</ul>
<h1 class="wp-block-heading">Retail Investors Bet Big On Financials</h1>
Retail investors appear optimistic about bank earnings, as financial stocks saw the largest weekly inflows since March 2023. 
Bank of America's private client data revealed that $297 million flowed into financial stocks last week, reversing the $102 million outflows from the final week of December 2024. This bullish sentiment could fuel additional momentum if earnings exceed expectations.
The Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) closed last year with gains of 28%, outperforming the broader S&amp;P 500 — tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) — by 5 percentage points.
<h1 class="wp-block-heading">Regulatory Tailwinds On The Horizon?</h1>
Banks could be positioned to benefit from a shifting regulatory landscape as Donald Trump's new administration assumes office. 
The recent announcement of Fed Vice Chair for Supervision Michael Barr's early departure could mark the beginning of a more favorable era for the financial sector, according to veteran Wall Street investor Ed Yardeni. 
Yardeni, president of Yardeni Research, highlighted that financials could be entering a &#8220;sustained period of more favorable regulatory change&#8221; after more than a decade of heightened oversight following the 2008 financial crisis.
Barr, a staunch proponent of tighter regulations, had advocated for the &#8220;Basel III endgame,&#8221; which would have imposed stricter capital requirements on banks.
With his exit, the analyst now expects a scaled-back version of these proposals, potentially easing compliance burdens for banks.
Yardeni sees Fed Gov. Michelle Bowman and Gov. Christopher Waller, both considered more bank-friendly, as frontrunners to replace Barr.
Additionally, Trump's administration may push for regulatory rollbacks across agencies such as the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency, creating further upside potential for the sector.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/25/01/42965857/oil-could-hit-90-goldman-sachs-says-trump-may-not-ease-sanctions-on-russia">Oil Could Hit $90, Goldman Sachs Says: &#8216;Trump May Not Ease Sanctions&#8217; On Russia</a></li>
</ul>
Photo: Shutterstock

Banks Kick Off Earnings Season On Wednesday: Retail Traders Bet Big On Financials Ahead Of Regulatory Tailwinds

BlackRock (BLK – Research Report), the Financial sector company, was revisited by a Wall Street analyst today. Analyst Michael Cyprys from Morgan S...

BlackRock's Strong Organic Growth and Strategic Positioning Justify Buy Rating

Keefe Bruyette raised the firm's price target on BlackRock (BLK) to $1,180 from $1,160 and keeps an Outperform rating on the shares. The company re...

BlackRock price target raised to $1,180 from $1,160 at Keefe Bruyette

Morgan Stanley analyst Michael Cyprys raised the firm's price target on BlackRock (BLK) to $1,275 from $1,261 and keeps an Overweight rating on the...

BlackRock price target raised to $1,275 from $1,261 at Morgan Stanley

Argus Research analyst Stephen Biggar maintained a Buy rating on BlackRock (BLK – Research Report) yesterday. The company's shares closed yesterday...

Argus Research Remains a Buy on BlackRock (BLK)

Argus raised the firm's price target on BlackRock (BLK) to $1,135 from $1,080 and keeps a Buy rating on the shares. The firm cites the company's Q4...

BlackRock price target raised to $1,135 from $1,080 at Argus

BlackRock ETF chief expects more clarity on bitcoin regulation this year

In a report released today, Ken Shih from DBS maintained a Buy rating on BlackRock (BLK – Research Report), with a price target of $1,175.00. Ken S...

BlackRock's Strategic Growth and Market Positioning Earns Buy Rating from Analyst

U.S. asset manager BlackRock ($BLK) is forecasting a "historic year" for Bitcoin ($BTC) and other crypto as president-elect Donald Trump returns to...

BlackRock Expects "Historic Year" for Bitcoin (BTC)

Investors should compound at attractive yield in fixed income, BlackRock's Rick Rieder says

Tennessee Attorney General Jonathan Skrmetti announced a settlement with BlackRock (BLK), resolving allegations that the company misled consumers r...

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