BlackRock shares rise in premarket after third-quarter earnings beat
BlackRock reported third-quarter results before the market open, and the stock traded about 4% higher premarket following an earnings beat.
Banks, asset managers, payments networks, insurers, fintech, crypto-linked companies, and the capital markets around them.
BlackRock reported third-quarter results before the market open, and the stock traded about 4% higher premarket following an earnings beat.
THE APEX TIMES
The asset manager said it earned $1 in its third quarter, according to a market earnings recap posted Wednesday.
The Wall Street bank increased its MSCI Europe target for June 2027, pointing to a view that third-quarter European corporate earnings will top even the exceptional second quarter.
The world’s largest asset manager reported stronger-than-expected third-quarter profit, and investors focused on a 15% jump in assets to about $15.5 trillion.
BlackRock said it released its earnings for the third quarter of 2026, along with supplemental materials, in a disclosure dated Oct. 14. The accompanying report and detailed tables will be the key focus for investors watching money-market flows, advisory revenue and total assets.
Berkshire Hathaway’s longtime executive Greg Abel, widely seen as the successor to Warren Buffett, has reportedly been adding to Berkshire’s large stake in Alphabet’s parent company, underscoring how capital allocation may evolve as Buffett recedes from day-to-day decisions.
In a fresh forecast spotlighted by Yahoo Finance, Goldman Sachs economists argue that inflation dynamics tied to the growth and adoption of artificial intelligence could be easing, potentially giving the Federal Reserve more room to shift its policy stance.
The largest U.S. bank said it expects full-year net interest income to be higher than previously projected even after its third-quarter results fell short of revenue expectations. The shares were also trading near recent analyst price targets as markets focused on interest-rate sensitivity.
A Hong Kong listing plan for Moonshot AI appears to be reshaping its underwriting lineup, with Bank of America (BAC) reportedly stepping back from talks, according to Yahoo Finance’s market chatter.