BNET Industries
BlackRock Inc. (BLK) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $4.8B
- Profit
- Dec 31 2007
- $995.2M
- Market Cap
- Jul 23 2008
- $26.2B
Latest News and Analysis
Bove Cuts Regions Financial to Neutral
(Reuters) - Analyst Richard Bove downgraded Regions Financial Corp RF to "neutral" from "buy," and said the large U.S. southeast regional bank was unable to grasp the opportunities before it, partly due to constant management turmoil and the lack of underwriting...
Merrill May Still Sell BlackRock, CreditSights Says
NEW YORK (Reuters) - Merrill Lynch & Co MER may still be forced to sell its valuable stake in fund manager BlackRock to bolster its balance sheet, research firm CreditSights said in a report. Merrill, Wall Street's third-largest investment bank, posted...
Merrill Posts $4.9 Billion Loss, Sells Bloomberg Stake
By Elinor Comlay NEW YORK (Reuters) - Merrill Lynch & Co MER posted a much larger-than-expected $4.89 billion quarterly loss on Thursday after writing down soured debt, and unveiled plans to sell billions of dollars of assets -- including a part of its...
BlackRock, Inc. Q2 2008 Earnings Call Transcript
BlackRock, Inc. BLK
Welcome to Massive-Earnings Thursday
Trader Mark submits: It appears that the pattern for the next few weeks is light earnings periods on Mondays, nearly nonexistent Fridays except this week and jam-packed Tuesdays-Thursdays, especially the Thursdays.Before we go forward let's look back at names we highlighted this week - we talked about the importance of...
Merrill to Sell Bloomberg Stake For $4.5bln: Source
By Megan Davies and Dan Wilchins NEW YORK (Reuters) - Merrill Lynch & Co Inc MER has agreed to sell its 20 percent stake in Bloomberg LP back to the news and financial data company for about $4.5 billion, a source familiar with...
Merrill to Sell Bloomberg Stake: Source
NEW YORK (Reuters) - Merrill Lynch & Co Inc MER has reached a deal to sell its stake in Bloomberg L.P. back to the news and information company for about $4.5 billion, a source familiar with the situation said on Wednesday. Merrill Lynch,...
Key Earnings Reports This Week
Hickey and Walters Bespoke submit: In the chart below, we highlight the number of companies reporting earnings on each trading day through August 8th. While things do start to pick up this week, they don't really get going until the following week. Next Thursday (the 17th) will be...
Earnings Preview: Monday through Wednesday
Trader Mark submits: As we do each earnings period, here are the names I'm watching as earnings season begins in earnest Tuesday. Nothing we own in the first batch this coming week. Thursday is the monster day of the week with a ton of interesting companies reporting.MondayGenentech DNA - the...
Opportunity Now in Franklin Templeton
R. J. Rhodes submits: Franklin Templeton BEN has given back a lot of ground in recent months. Naturally asset managers decline when the overall market falls. But BEN has significantly lagged T. Rowe Price TROW and Blackrock BLK. These two peers are up slightly over the last 12 months, while...
Merrill to Base Asset Sales on Second-quarter Loss
By Dan Wilchins NEW YORK (Reuters) - Merrill Lynch & Co MER will determine how much of its stakes in BlackRock Inc BLK and Bloomberg LP to sell based on the size of its second-quarter loss, a person briefed on the matter said...
Sector Allocation Trade for a Market Bounce
Jeff Fong submits: I've taken the time to review all the moving parts after yesterday's close, so I thought I'd present my two cents in what I think will occur, and where the best risk rewards can be found. First of all, is it a bottom? by Jeff Fong
Merrill May Write Down About $6 Bln in Q2: Citigroup
(Reuters) - Merrill Lynch & Co MER may write down about $6 billion in the second quarter primarily driven by losses on high-grade collateralized debt obligations CDOs positions and monoline exposure, said analyst Prashant Bhatia at Citigroup. Bhatia, who now has the highest...
Merrill Considers Bloomberg, BlackRock Sales: Report
(Reuters) - Merrill Lynch & Co MER is moving closer to selling stakes in financial firm BlackRock Inc BLK and information provider Bloomberg LP in an effort to raise cash to make up for $6 billion in coming write-downs, the Wall Street ...
Merrill May Consider Bloomberg and BlackRock Sales
(Reuters UK) - Merrill Lynch & Co MER is moving closer to selling stakes in financial firm BlackRock Inc BLK and information provider Bloomberg LP in an effort to raise cash to make up for $6 billion (3 billion pounds) in coming write-downs, the Wall...
Will Merrill Lynch Sell Its Stake in Blackrock?
Trader Mark submits: Blackrock BLK broke down badly last week, with closes below its 200 day moving average for the first time since the worst of the March 08 selloff. I thought it was simply getting caught up in the "all things financial are evil" thinking, but with the huge...
BlackRock Sinks as Merrill Lynch Considers Sale
Jeff Fong submits: I have to say that Blackrock's BLK chart looks just putrid. Over 20 points ago, I tended to believe that BLK was actually a beneficiary of the Bear Stearns BSC fiasco, but now, it seems to be suffering indirectly. The sudden sell-off in this stock left...
The Fed Is Banking on Hedge Funds, But Merrill Lynch Can't
Michael Steinberg submits: The Wall Street Journal's “Fed May Give Private Equity More Leeway to Help Banks” reports that Federal Reserve officials have met with J.C. Flowers, Carlyle Group, Kohlberg Kravis Roberts and Warburg Pincus. Not unknown to panic, Bernanke’s Fed now wants to encourage private equity to play a...
BlackRock Sees Global Slowdown Worsening in 2009
By Walden Siew NEW YORK (Reuters) - BlackRock Inc's BLK president BLK said on Tuesday the money management firm is bracing for a "much bigger" global economic slowdown, but said financial market declines have created some of the best buying opportunities...
A Look at Private Equity in Public Hands
Michael Steinberg submits: Apollo AINV, BlackRock BLK, Blackstone BX, and Fortress FIG are commonly thought of as the retail investor’s entry into the big league of private equity and alternative investments. Sorting through these Moon missions, rocks, stones and castles can be quite confusing. None of their publicly traded stocks...
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- Merrill Lynch & Co. Inc. (13 results)
- Financial Accounting (8 results)
- Finance (8 results)
- Bloomberg L.P. (6 results)
- Financial (6 results)
- Financial Services (5 results)
- Investment (4 results)
- Citigroup Inc. (4 results)
- Business Operations (4 results)
- US Market (4 results)
- Call Transcript (4 results)
- Earnings (4 results)
- Seeking Alpha (4 results)
- J.P. Morgan Chase & Co. (3 results)
- Asset Management (3 results)
- Incorporated: 1998
- CEO: Mr. Laurence D. Fink
- Employees: 5,952
BlackRock is a publicly traded investment management firm, with $1.36 trillion of assets under management at Dec 31 2007. Co. provides investment management services to institutional clients and individual investors via various investment vehicles. Investment management services mainly consist of the management of fixed income, cash management and equity client accounts, management of open-end and closed-end mutual fund families and other non-U.S. equivalent retail products serving the institutional and retail markets, and management of alternative funds developed to serve various customer needs. Co. also provides risk management strategic advisory and enterprise investment system services.
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BlackRock Inc. Company Info
Board of Directors
Mr. Laurence D. Fink
Chairman
Ms. Linda Gosden Robinson
Mr. William S. Demchak
Mr. Kenneth B. Dunn Ph.D.
Mr. Thomas H. O' Brien
Mr. John A. Thain
Mr. William O. Albertini
Mr. Mathis Cabiallavetta
Mr. Dennis D. Dammerman
Mr. David H. Komansky
Mr. James E. Rohr
Mr. Robert S. Kapito
Vice-Chairman
Mr. Robert W. Fairbairn
Vice-Chairman
Mr. Charles S. Hallac
Vice-Chairman
Mr. Robert C. Doll Jr.
Mr. Gregory J. Fleming
Mr. Murry S. Gerber
Mr. James Grosfeld
Sir Deryck Maughan
Contact Information
40 East 52nd Street
New York, NY
212 810-5300
NAICS Code
Other Financial Vehicles: 525990Brought to you by IBMSponsored Resources
