BLK - Strong uptrend is intact with new highs

14 paź

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.