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BlackRock, Inc. is a publicly owned investment manager.

The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

It also provides global risk management and advisory services. The firm manages separate client-focused equity, fixed income, and balanced portfolios.

It also launches and manages open-end and closed-end mutual funds, offshore funds, unit trusts, and alternative investment vehicles including structured funds.

The firm launches equity, fixed income, balanced, and real estate mutual funds. It also launches equity, fixed income, balanced, currency, commodity, and multi-asset exchange traded funds.

The firm also launches and manages hedge funds. It invests in the public equity, fixed income, real estate, currency, commodity, and alternative markets across the globe.

The firm primarily invests in growth and value stocks of small-cap, mid-cap, SMID-cap, large-cap, and multi-cap companies.

It also invests in dividend-paying equity securities. The firm invests in investment grade municipal securities, government securities including securities issued or guaranteed by a government or a government agency or instrumentality, corporate bonds, and asset-backed and mortgage-backed securities.

It employs fundamental and quantitative analysis with a focus on bottom-up and top-down approach to make its investments.

The firm employs liquidity, asset allocation, balanced, real estate, and alternative strategies to make its investments.

In real estate sector, it seeks to invest in Poland and Germany. The firm benchmarks the performance of its portfolios against various S&P, Russell, Barclays, MSCI, Citigroup, and Merrill Lynch indices.

BlackRock, Inc. was founded in 1988 and is based in New York City with additional offices in Boston

Latest News >
Market Chatter: US Expected to Propose Chinese Software Ban in Self-Driving Vehicles
Market Chatter: US Expected to Propose Chinese Software Ban in Self-Driving Vehicles
Aug 5, 2024
07:09 AM EDT, 08/05/2024 (MT Newswires) -- The US Commerce Department is planning to propose banning Chinese software in American self-driving vehicles with Level 3 automation and above, Reuters reported Sunday, citing people briefed on the matter. The Biden administration is also expected to propose prohibiting Chinese-developed advanced wireless communications abilities modules from driving on US roads, the report said....
Sonic Automotive Q2 Earnings, Revenue Fall; Announces Quarterly Dividend
Sonic Automotive Q2 Earnings, Revenue Fall; Announces Quarterly Dividend
Aug 5, 2024
07:11 AM EDT, 08/05/2024 (MT Newswires) -- Sonic Automotive ( SAH ) reported Q2 adjusted earnings Monday of $1.47 per diluted share, down from $1.83 a year earlier. Analysts polled by Capital IQ expected $1.38. Revenue for the quarter ended June 30 was $3.45 billion, down from $ 3.65 billion a year earlier. Analysts surveyed by Capital IQ expected $3.56...
Honeywell Automation India's Q1 profit jumps on order execution
Honeywell Automation India's Q1 profit jumps on order execution
Aug 5, 2024
BENGALURU (Reuters) - Engineering firm Honeywell Automation reported higher first-quarter profit on Monday, aided by execution of existing orders. The Indian unit of U.S.-based Honeywell International reported a profit of 1.37 billion rupees (around $16 million), compared to 1.03 billion rupees a year ago. Execution of legacy projects and stable costs helped boost earnings of Honeywell, analysts said. The company...
Royal Philips Plans to Repurchase Up to $136.8 Million in Shares
Royal Philips Plans to Repurchase Up to $136.8 Million in Shares
Aug 5, 2024
07:10 AM EDT, 08/05/2024 (MT Newswires) -- Royal Philips (PHG) said Monday it will repurchase up to 125 million euros ($136.8 million) in common shares to cover a portion of its obligations under long-term incentive plans. The company estimates the buyback to include about 4.8 million shares based on its current share price. Price: 27.67, Change: -0.81, Percent Change: -2.84...
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