Welcome to our dedicated page for Blackrock news (Ticker: BLK), a resource for investors and traders seeking the latest updates and insights on Blackrock stock.
BlackRock, Inc. reports developments from a global asset management and financial technology business built around investment products, institutional client services and technology platforms. Recurring updates include operating results, net flows across ETFs, active strategies and private markets, and product launches under the iShares brand, including fixed income ETFs tied to leveraged loans and other credit markets.
Company news also covers Aladdin and Preqin data, analytics and benchmark capabilities for private credit, infrastructure-focused activity through Global Infrastructure Partners, and philanthropic workforce initiatives funded by The BlackRock Foundation. These releases connect BlackRock's asset management platform with technology services, private markets data, infrastructure investment themes and skilled-trades workforce programs.
BlackRock has launched the iShares USD Bond Factor ETF (NASDAQ: USBF), designed to outperform the U.S. fixed income market through a rules-based selection of bonds that considers macroeconomic and quality factors. The ETF has an expense ratio of 0.18%, lower than 86% of similar funds. Its strategy aims to enhance total return while managing credit and interest rate risks. BlackRock's systematic approach utilizes style factors to discover underpriced securities, providing a dynamic alternative for bond investors in a low-yield environment.
BlackRock, Inc. (NYSE: BLK) released its financial results for Q3 2021, showcasing its commitment to enhancing investor financial well-being. The company's teleconference is scheduled for October 13, 2021, at 8:30 a.m. ET. Investors can participate by dialing specific numbers or accessing a live webcast. Replay options for both teleconference and webcast will be available after the event. BlackRock continues to focus on making investing easier and more affordable, serving millions by providing financial technology and fiduciary solutions.
BlackRock announced progress in enhancing financial security for U.S. workers by implementing its LifePath Paycheck™ solution in workplace retirement plans. Five plan sponsors, including Tennessee Valley Authority Retirement System, are set to adopt this solution for over 120,000 employees, enabling guaranteed income streams in retirement. Scheduled for initial rollout in 2022, this initiative aims to address financial insecurity as Americans live longer. The LifePath Paycheck integrates annuity contracts directly into target date strategies, emphasizing the industry's shift towards providing effective retirement income solutions.
BlackRock has launched the Expected Return Analyzer, a new portfolio analysis tool designed for financial advisors to enhance client investment strategies. Powered by BlackRock's Aladdin technology, this tool utilizes proprietary Capital Market Assumptions to evaluate how including private market exposures could improve client returns. A recent BlackRock study highlighted that traditional portfolios may fall short of past returns, advocating for increased allocations to private markets from 5% to 20% over several years. The tool aligns with BlackRock’s commitment to making alternative investments more accessible.
BlackRock, Inc. (NYSE: BLK) will report its third quarter 2021 earnings on October 13, 2021, prior to the NYSE opening. A teleconference hosted by CEO Laurence D. Fink, President Robert S. Kapito, and CFO Gary S. Shedlin will occur at 8:30 a.m. ET. Interested participants can join via dial-in or through a live webcast on BlackRock's website. Replay options will be available beginning at 11:30 a.m. ET on the same day, lasting until October 27, 2021. For more information, visit BlackRock's investor relations section.
BlackRock, Inc. (NYSE: BLK) has appointed Beth Ford, CEO of Land O’Lakes, and Kristin Peck, CEO of Zoetis, as independent directors on its Board. Chairman Laurence D. Fink highlighted their leadership experience and commitment to stakeholder impact. The Board will now have 18 members, with 16 being independent and seven women. Jessica P. Einhorn, a board member since 2012, will not seek re-election in 2022. This move reflects BlackRock's commitment to fresh perspectives and diversity in leadership.
BlackRock Long Term Private Capital has acquired a majority interest in Summit Companies, a leader in fire and life safety services, from CI Capital Partners. This acquisition aims to enhance Summit's growth through geographic expansion and scaling services. With over 20 years of experience, Summit serves 90,000 customers across 20 states. The investment is indicative of LTPC's strategy to invest in high-quality businesses, focusing on strong returns and effective management. This marks LTPC's fifth investment, emphasizing its commitment to enhancing safety regulations across industries.
BlackRock has announced a partnership with the Thurgood Marshall College Fund (TMCF) to support students from Historically Black Colleges and Universities (HBCUs) and Predominantly Black Institutions (PBIs). The annual contribution from BlackRock will come from the management fees of the BlackRock Liquid Federal Trust Fund (BLFT), aimed at advancing social outcomes through cash management. This initiative is backed by major firms, including Bank of America, Google, and Coca-Cola. BLFT’s assets under management have surged over 25% since the announcement, reflecting strong investor engagement.
BlackRock, Inc. (NYSE:BLK) announced a quarterly cash dividend of $4.13 per share, scheduled for payment on September 22, 2021. Shareholders of record will be those owning shares by the close of business on September 7, 2021. This dividend reflects BlackRock's commitment to returning value to its shareholders while supporting their financial well-being through accessible investment opportunities.
BlackRock, Inc. (NYSE: BLK) announced its financial results for Q2 2021, highlighting its commitment to enhancing financial well-being for investors. The earnings report is accessible at ir.blackrock.com/QuarterlyResults. A teleconference will be held on July 14, 2021, at 8:30 a.m. ET, led by key executives including CEO Laurence Fink. The public can listen via a webcast on the company's website. BlackRock aims to simplify investing, offering technology solutions that support financial growth for millions.