BLACKROCK Funding Inc

BlackRock $BLK (+1.3%) has announced plans to invest in Abu Dhabi a new center for artificial intelligence (AI) and innovative financial technologies in Abu Dhabi. BlackRock has now received the license to do so. This project is part of the investment giant's global expansion in the field of AI-driven asset management. The facility will help to further develop AI solutions for the financial sector, particularly with regard to data-driven investment strategies and risk analysis.

The decision to choose Abu Dhabi reflects the region's increasing importance as a hub for financial technology. The initiative could also strengthen BlackRock's collaboration with local authorities and institutional investors, including the sovereign wealth fund ADIA (Abu Dhabi Investment Authority), one of the largest in the world.

Personal opinion:

BlackRock is simply a huge ETF, which is once again demonstrated by such an expansion ;)

Source:

https://cointelegraph.com/news/blackrock-abu-dhabi-ai-expansion

The news is based on what I personally consider to be reputable sources. However, I do not guarantee their accuracy.

Will $BLK
$BLK (+1.3%) go over 1000 usd this week?

Hello everyone,

I would like to add a few stable dividend payers to my portfolio.

Currently I have $O (+1.58%) and $BLK (+1.3%)

I was thinking of investing in an ETF that specializes in high dividend yields instead of buying more individual shares. Also to reduce the risk.

Are there any recommendations from the community with good experiences?

I have currently looked at:

$SPYD (+1.39%) and $DHS (+1.83%)

I would appreciate some suggestions - thanks!

Which shares would you currently take profits on?

I am currently $MSFT (+0.08%)
$GOOGL (-5.23%)
$BLK (+1.3%)
$LIN (+1.73%)
$V (+1.31%) very well up at the moment (40-50%). Would you let the shares or profits continue to run or realize profits? I am unfortunately undecided

$BLK (+1.3%) continues from 😉

$

Blackrock Q3 2024 - How does it look?

In the Q3 2024 earnings call from $BLK (+1.3%) several key financial and strategic developments were highlighted.

The firm recorded net inflows of USD 221 billion, the highest quarterly figure in the firm's history, and ended the quarter with USD 11.5 trillion in assets under management (AUM) - an increase of 26% year-on-year.

BlackRock delivered organic base fee growth of 5% annualized, the highest in three years, supported by strong results in iShares, holistic portfolio management and the Aladdin platform.

The firm's operating income increased 26% year-over-year to $2.1 billion, with an operating margin of 45.8%, up 350 basis points. Earnings per share increased by 5% to USD 11.46, despite a higher tax rate compared to the previous year.

Strategically, BlackRock emphasized expansion into private markets, particularly following the acquisition of Global Infrastructure Partners (GIP), which added $116 billion in client assets and is expected to contribute approximately $250 million in management fees in the fourth quarter of 2024. The integration of GIP is expected to double BlackRock's recurring private markets management fees.

The firm also highlighted its partnership with Microsoft and MGX, which led to the creation of a global infrastructure investment partnership for AI, with the goal of capitalizing on the growing demand for data centers and energy infrastructure. This initiative is part of BlackRock's broader strategy to explore new investment opportunities in infrastructure and artificial intelligence through scale and partnerships.

Overall, BlackRock's results reflect strong organic growth, strategic expansion into private markets and continued innovation in financial products, which positions the company well to grow further in the coming years.

A good quarter for shareholders

Hey guys,

What's at the top of your watchlist at the moment? 😎 I'll make a start: $VRTX (+0.47%)
$BLK (+1.3%)
$SYK (+1.66%)
$SNPS (+2.77%)
$8031 (+1.86%)
$STLAM (+0.22%)

Have a great Sunday!

$BLK (+1.3%) World's largest asset manager earns decent money

Blackrock clearly beat profit expectations in the third quarter. At USD 11.46 (expected: USD 10.40), earnings per share were well above estimates.

Sales totaled USD 5.2 billion (expected: USD 5 billion) and increased by 15 % compared to the previous year. The company now manages USD 11.48 trillion. In the third quarter, a further USD 221 billion flowed into the company's products

BlackRock
$BLK (+1.3%) now manages over 10
trillion dollars in assetswhich represents an increase of around 4 trillion dollars a ten years ago.