BlackRock (NYSE:BLK) stock closed with a 5.2% gain after the company reported a strong fourth quarter for 2024, surpassing expectations largely due to performance fees, managed expenses, and a favorable tax rate.

BlackRock said in its fourth-quarter earnings report Wednesday that assets under management jumped to a record $11.55 trillion, up from $10 trillion a year ago. Analysts surveyed by FactSet had expected BlackRock to report a record $11.

Sycamore Advisors adds two quantitative experts, PFM boosts its workforce consulting team and more talent shifts in December.

Citi wealth head Andy Sieg told employees that net new investment assets — which surged last year — are the division's "North Star."

BlackRock reported fourth-quarter earnings per share of $10.63. On an adjusted basis, per-share earnings of $11.93 topped analysts’ forecasts of $11.24. The world’s largest asset manager reported net income of $1.

BlackRock’s profits rose and assets under management edged up to a record $11.55 trillion in the fourth quarter. BlackRock posted net income of $1.67 billion, up 21% from the same period a year earlier.

Citigroup CMO and Chief Content Officer Alex Craddock noted that sports remains an integral part of the company’s marketing strategy going forward.

As investors await earnings from the big banks, they've just gotten the latest results from BlackRock. The company said $284 billion flowed into its total assets under management (AUM), which amounted to $11.

NZAMI’s suspension follows a mass exodus of U.S. banks from its sister organization, the Net Zero Banking Alliance, or NZBA, raising questions about its future

Investor climate initiatives can and should play a role in stewarding the economy but have so far failed to bring real-world emissions into line with global goals.

Citi analyst Christopher Allen reiterated a Buy rating on Interactive Brokers (IBKR – Research Report) today. The company’s shares closed

NuScale Power (SMR) is sinking 22% today after Chinese start-up DeepSeek reportedly unveiled an AI model that was produced using old chips and much less computing power but is at least as proficient