BlackRock, Inc (NYSE: BLK) on Tuesday reported better-than-expected first-quarter financial 2026 outcomes.
Earnings increased 27% year over year to $6.70 billion, surpassing the agreement price quote of $6.46 billion. Changed operating earnings increased 31% to $2.70 billion. Changed revenues per share was available in at $12.53, up 11% from a year previously and above quotes of $11.62.
Chairman and CEO Laurence Fink stated the company provided “among the greatest starts to a year in our history.”
” Over the last twelve months, customers turned over BlackRock with $744 billion of net brand-new properties, powering 10% natural base cost development,” Fink stated.
BlackRock shares fell 0.4% to trade at $1,050.28 on Wednesday.
These experts made modifications to their rate targets on BlackRock following revenues statement.
- Keefe, Bruyette & & Woods expert Alex Bond preserved BlackRock with an Outperform score and raised the rate target from $1,150 to $1,240.
- Barclays expert Benjamin Budish preserved the stock with an Obese score and raised the rate target from $1,290 to $1,310.
- Evercore ISI Group expert Glenn Schorr preserved BlackRock with an Outperform score and increased the rate target from $1,180 to $1,220.
Thinking about purchasing BLK stock? Here’s what experts believe:
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