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BlackRock is taking profits on U.S. stocks and favoring Treasuries, arguing markets have priced in too many Fed hikes.
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BlackRock expects momentum to continue in the seasonally strong fourth quarter, supported by iShares activity, private markets fundraising and progress toward long-term targets.
BlackRock reported Q3 2026 earnings of $15.93 per share, beating consensus estimates of $13.97 by 14.03%, with revenues of $7.75 billion exceeding expectations by 3.96%. However, the stock has underperformed the S&P 500 by 14% year-to-date. The company received a Zacks Rank #3 (Hold) rating, suggesting near-term performance in line with the market. The Financial - Investment Management industry ranks in the bottom 39% of sectors.
BlackRock (NYSE:BLK) released third-quarter financial results and hosted an earnings call on Wednesday. Read the complete transcript below. This content is powered by Benzinga APIs. For comprehensive financial data and