BLK - Strong uptrend is intact with new highs
Upward trend, which started from the covid bottom of 2020, continues.
- The total assets managed by the company reached 11.5 trillion USD, with an annual increase of 2.4 trillion USD.
- The company increased its quarterly revenues by 15% to $5.197 billion, exceeding expectations of $5.007 billion.
- Earnings per share for the last quarter were $11.46, above expectations of $10.38.
- The shares of the company, which announced a net profit of $1.6 billion in this quarter, exceeded the 2021 high level of $970 and reached $990, and its current market cap is $147 billion.
- The stock, which has a dividend yield of 2%, is trading with a price-earnings ratio of 24.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.