Articles from BlackRock

BlackRock, Inc. (NYSEBLK) today announced that it will report fourth quarter 2024 earnings prior to the opening of the New York Stock Exchange on Wednesday, January 15, 2025. Chairman and Chief Executive Officer, Laurence D. Fink, President, Robert S. Kapito, and Chief Financial Officer, Martin S. Small, will host a teleconference call for investors and analysts at 7:30 a.m. ET. BlackRock’s earnings release and supplemental materials will be available via the investor relations section of www.blackrock.com, before the teleconference call begins.

BlackRock Inc. (NYSEBLK) today released its annual Private Markets Outlook mapping out how the sector, spanning geographies and asset classes, will evolve in the year ahead. Covering trends in private debt, infrastructure, private equity and real estate, the report helps clients navigate this rapidly growing space.

Today, BlackRock expanded its active ETF offering with the launch of the iShares International Country Rotation Active ETF (CORO). Designed as a model building block, CORO consolidates insights from the BlackRock Model Portfolio Solutions team (MPS) and proprietary quantitative models to express changing views on international developed and emerging market countries in a timely manner.

BlackRock (NYSEBLK) and HPS Investment Partners (“HPS”), a leading global credit investment manager with approximately $148 billion in client assets, have entered into a definitive agreement for BlackRock to acquire HPS for approximately $12 billion, with 100% of consideration paid in BlackRock equity. The equity is issued by a wholly-owned subsidiary of BlackRock (“SubCo Units”), and exchangeable on a one-for-one basis into BlackRock common stock.

BlackRock, Inc. (NYSEBLK) today announced that Martin S. Small, Chief Financial Officer, is scheduled to speak at the 2024 Goldman Sachs US Financial Services Conference on December 10th, 2024, beginning at approximately 2:20 p.m. ET. A live webcast will be accessible via the “Investor Relations” section of BlackRock’s website, www.blackrock.com. A replay of the webcast will be available within 24 hours of the presentation and will remain accessible through the Company’s website for three months.

BlackRock, Inc. (NYSEBLK) today announced that its Board of Directors has declared a quarterly cash dividend of $5.10 per share of common stock, payable December 23, 2024 to shareholders of record at the close of business on December 5, 2024.

BlackRock, Inc. (NYSEBLK) announced today that Adebayo (“Bayo”) Ogunlesi, Founding Partner, Chairman and Chief Executive Officer of Global Infrastructure Partners (“GIP”), and a Senior Managing Director at BlackRock, has been elected to BlackRock’s Board of Directors (“Board”).

Today, BlackRock announced the successful conversion of the BlackRock International Dividend Fund into an active ETF, creating the BlackRock International Dividend ETF (NYSEBIDD). This marks a significant milestone as the firm’s first active mutual fund to active ETF conversion, catering to the growing preference among U.S. investors for the ETF structure. It is also BlackRock’s first U.S.-listed active ETF that provides access to high-quality dividend-paying companies across international developed and emerging markets.

Today, BlackRock announced plans to expand its iShares® iBonds® ETF franchise with a suite of defined maturity bond ladder ETFs. The iShares iBonds 1-5 Year Ladder ETFs aim to offer advisors the convenience and simplicity of a bond ladder within an ETF.

The increasing prominence of mega-cap stocks in recent years underscores the critical need for investors to modernize the way they capture growth of some of the world’s most well-known companies. Today, BlackRock announced the launch of three new ETFs to empower investors with simple solutions to express more granular views on the largest companies listed in the U.S.

Today, BlackRock expanded investor access to technology and AI equities with the launch of the iShares A.I. Innovation and Tech Active ETF (NYSEBAI) and the iShares Technology Opportunities Active ETF NYSE: TEKNYSETEK)

BlackRock announced today the planned termination of three 2024 iShares iBonds ETFs which possess the following timelines for trading, net-asset value (NAV) calculation and expected liquidation:

Global insurers are focused on increased allocations to private markets, clean energy infrastructure and utilizing innovative technology in 2024, according to BlackRock’s 13th annual Global Insurance Report. For the third year running, BlackRock’s annual report shows a majority of insurers are planning increased investments in private markets, with 91% of all respondents saying they will do so within the next two years. This figure increases to 96% for APAC and 96% for North American insurers. The report tracks insights from 410 insurance investors surveyed across 32 markets, representing nearly $27 trillion USD in assets under management.

BlackRock, Inc. (NYSEBLK) today released its financial results for the third quarter of 2024. The company’s earnings release and supplemental materials are available via ir.blackrock.com/quarterlyresults.

BlackRock, Inc. (NYSEBLK) and Global Infrastructure Partners (“GIP”) announce the successful completion of BlackRock’s acquisition of GIP. The combination creates an industry leader in infrastructure across equity, debt and solutions – providing a diverse range of infrastructure sector expertise and exposure across developed and emerging markets. The combined infrastructure platform will be branded Global Infrastructure Partners (GIP), a part of BlackRock. GIP will continue to be led by Bayo Ogunlesi and the Office of the Chairman. With approximately $170 billion in AUM, the platform will field a 600-person strong global team that manages a diversified portfolio of more than 300 active investments with operations in over 100 countries. With this combination, BlackRock consolidates over $100 billion of private markets AUM, and approximately $750 million of run rate management fees, boosting private markets AUM by approximately 40% and expanding run rate revenues.

BlackRock, Inc. (NYSEBLK) today announced that it will report third quarter 2024 earnings prior to the opening of the New York Stock Exchange on Friday, October 11, 2024. Chairman and Chief Executive Officer, Laurence D. Fink, President, Robert S. Kapito, and Chief Financial Officer, Martin S. Small, will host a teleconference call for investors and analysts at 7:30 a.m. ET. BlackRock’s earnings release and supplemental materials will be available via the investor relations section of www.blackrock.com, before the teleconference call begins.

BlackRock (NYSEBLK) and Santander today announced the signing of a memorandum of understanding (MoU) by which funds and accounts managed by BlackRock will invest up to US$1 billion per year in select project finance, energy finance, and infrastructure debt investment opportunities with Santander through structured transaction formats.

The drive to develop more powerful AI capabilities will require significant infrastructure investment to support it. Today, BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX announced the Global AI Infrastructure Investment Partnership (GAIIP) to make investments in new and expanded data centers to meet growing demand for computing power, as well as energy infrastructure to create new sources of power for these facilities. These infrastructure investments will be chiefly in the United States fueling AI innovation and economic growth, and the remainder will be invested in U.S. partner countries.

As the market regime shifts to one with higher volatility and rate uncertainty, retirement plan advisors are looking to help plan sponsors build more resilient portfolios. According to BlackRock’s 2024 Read on Retirement®: Advisor Outlook, retirement plan advisors are focused on implementing active and income strategies, and streamlining their practice management, including incorporating AI-powered tools.

BlackRock, Inc. (NYSEBLK) (“BlackRock”) today announced that it expects to close its previously announced acquisition of Global Infrastructure Partners (“GIP”) on October 1, 2024, subject to regulatory approvals and other customary closing conditions (the “GIP Transaction”).

BlackRock (NYSEBLK) and Partners Group (SIX: PGHN) have teamed up to launch a multi-private markets models solution set to transform how retail investors access alternative investments. The solution will provide access to private equity, private credit and real assets in a single portfolio – currently not available to the U.S. wealth market – managed by BlackRock and Partners Group. This first-of-its-kind solution will empower advisors to offer a diversified alternatives portfolio with the simplicity, efficiency and practice management benefits of a traditional public markets model.

BlackRock announced today the planned termination of the iShares® iBonds® Oct 2024 Term TIPS ETF (IBIA), which possesses the following timelines for trading, net-asset value (NAV) calculation and expected liquidation:

BlackRock, Inc. (NYSEBLK) today announced that its Board of Directors has declared a quarterly cash dividend of $5.10 per share of common stock, payable September 23, 2024 to shareholders of record at the close of business on September 9, 2024.

BlackRock’s iShares Ethereum Trust ETF (ETHA), begins trading today on Nasdaq. ETHA seeks to track the price of Ethereum’s native token, ether, and carries a 0.25% sponsor fee with a one-year waiver reducing the fee to 0.12% on the first $2.5B assets under management (AUM)1.

The registration statement for BlackRock’s iShares Ethereum Trust ETF (ETHA), has been declared effective by the U.S. Securities and Exchange Commission (SEC). ETHA seeks to track the price of Ethereum’s native token, ether, and is expected to begin trading on Nasdaq on July 23, 2024. ETHA carries a 0.25% sponsor fee with a one-year waiver reducing the fee to 0.12% on the first $2.5B assets under management (AUM)1.

Today, BlackRock expanded its thematic equity suite with the launch of the iShares U.S. Manufacturing ETF (NYSEMADE). The Fund takes a targeted approach to investing in companies that may be at the forefront of the U.S. manufacturing renaissance, seeking to capture opportunities arising from various drivers, including recent policy initiatives that incentivize reshoring manufacturing activities.

BlackRock, Inc. (NYSEBLK) (“BlackRock”) today successfully priced a $2.5 billion debt offering consisting of three tranches of senior unsecured notes (collectively, the “Notes”):

BlackRock, Inc. (NYSEBLK) today released its financial results for the second quarter of 2024. The company’s earnings release and supplemental materials are available via ir.blackrock.com/quarterlyresults.

While overall retirement confidence is up year over year for Americans according to BlackRock’s ninth annual Read on Retirement™ survey, a closer look at the data reveals rising optimism is not consistent for all respondents, and many are uncertain about long-term planning. Multiple groups of respondents across generation and gender cohorts reported confusion about how much to save, worries about outliving savings, and uncertainty in how much income they will need in retirement.

BlackRock, Inc. (NYSEBLK) today announced that it will report second quarter 2024 earnings prior to the opening of the New York Stock Exchange on Monday, July 15, 2024. Chairman and Chief Executive Officer, Laurence D. Fink, President, Robert S. Kapito, and Chief Financial Officer, Martin S. Small, will host a teleconference call for investors and analysts at 7:30 a.m. ET. BlackRock’s earnings release and supplemental materials will be available via the investor relations section of www.blackrock.com, before the teleconference call begins.

BlackRock bolstered its active ETF platform with a series of buffer ETFs that aims to provide investors with exposure to equity growth potential while seeking to maximize downside protection. The first of the series – the iShares Large Cap Max Buffer Jun ETF (Cboe: MAXJ) launched today, making it the most affordable max buffer ETF that targets up to 100% downside protection in the market.1

BlackRock, Inc. (NYSEBLK) has agreed to acquire Preqin, a leading independent provider of private markets data for £2.55 billion or approximately $3.2 billion in cash. Bringing together Preqin’s data and research tools with Aladdin’s complementary workflow capabilities in a unified platform will create a preeminent private markets technology and data provider. The acquisition adds a highly complementary data business to BlackRock’s investment technology, marking a strategic expansion into the fast-growing private markets data segment.

BlackRock (NYSEBLK) today announced a strategic partnership with financial technology firm GeoWealth expanding BlackRock’s capabilities to meet client needs in the $37 trillion U.S. wealth market. Through the partnership, BlackRock will offer custom models via GeoWealth’s platform that enable advisors to meet client demand for private markets, direct indexing and fixed income SMAs – in addition to traditionally offered ETFs and mutual funds – in a single account.

Neustark, a Switzerland-based carbon removal provider, has raised $69 million in a funding round to underpin its rapid scale-up in the carbon dioxide removal (CDR) market. The growth equity round was led by Decarbonization Partners, a partnership between BlackRock and Temasek, and will reinforce neustark’s continued growth path and support their mission to permanently remove 1 million tons of CO2 in the year 2030.2

Today, BlackRock expanded access to its alpha-seeking expertise with the launch of the BlackRock Long-Term U.S. Equity ETF (Nasdaq: BELT) and the BlackRock High Yield ETF (Nasdaq: BRHY). These launches reinforce BlackRock’s commitment to delivering liquidity, tax efficiency, and alpha in the convenience of an ETF.

BlackRock has one of the most comprehensive and diverse investment platforms in the industry, providing investors with choice to meet their investment objectives. Investors are continuing to turn to BlackRock to unlock the full potential of their portfolios, as reflected by $1.9 trillion of net inflows in the past five years globally.1

BlackRock, Inc. (NYSEBLK) today announced that its Board of Directors has declared a quarterly cash dividend of $5.10 per share of common stock, payable June 24, 2024 to shareholders of record at the close of business on June 7, 2024.

BlackRock (NYSEBLK) today announced the completion of its acquisition of SpiderRock Advisors, LLC, a leading provider of option overlay-based strategies for separately managed accounts (SMAs). The acquisition strengthens BlackRock’s ability to deliver a robust platform of SMA solutions and customization capabilities to financial advisors and clients.

Decarbonization Partners, a partnership between BlackRock and Temasek focused on investing in next-generation private companies that support the acceleration of decarbonization and the transition to a net-zero economy, today announced the final close of US$1.40 billion for its inaugural late-stage venture capital and growth private equity investment fund, The Decarbonization Partners Fund I (the “Fund”), surpassing its fundraising target of US$1 billion.

BlackRock (NYSEBLK) announced today that its retirement income solution, LifePath Paycheck™, is now available in defined contribution plans.

BlackRock, Inc. (NYSEBLK) today released its financial results for the first quarter of 2024. The company’s earnings release and supplemental materials are available via ir.blackrock.com/quarterlyresults.

BlackRock (NYSEBLK) and Santander today announced that funds and accounts managed by BlackRock will provide financing on a $600 million diversified portfolio of infrastructure credit across communications, energy, power and transportation sectors via a structured transaction.

BlackRock, Inc. (NYSEBLK) today announced that it will report first quarter 2024 earnings prior to the opening of the New York Stock Exchange on Friday, April 12, 2024. Chairman and Chief Executive Officer, Laurence D. Fink, President, Robert S. Kapito, and Chief Financial Officer, Martin S. Small, will host a teleconference call for investors and analysts at 7:30 a.m. ET. BlackRock’s earnings release and supplemental materials will be available via the investor relations section of www.blackrock.com, before the teleconference call begins.

BlackRock today unveils its first tokenized fund issued on a public blockchain, the BlackRock USD Institutional Digital Liquidity Fund (“BUIDL” or the “Fund”). BUIDL will provide qualified investors with the opportunity to earn U.S. dollar yields by subscribing to the Fund through Securitize Markets, LLC.

BlackRock today announced the launches of the iShares S&P 500 BuyWrite ETF (Cboe: IVVW) and the iShares Russell 2000 BuyWrite ETF (Cboe: IWMW), which seek to generate an attractive monthly income and help investors diversify their income sources.

BlackRock (NYSEBLK) has agreed to acquire the remaining equity interest in SpiderRock Advisors (“SRA”), a leading provider of customized option overlay strategies in the U.S. wealth market. This transaction expands on BlackRock’s minority investment in SRA made in 2021 and reinforces BlackRock’s commitment to personalized separately managed accounts (SMAs).

BlackRock, Inc. (NYSEBLK) (“BlackRock”) today successfully priced a $3 billion debt offering consisting of three tranches of senior unsecured notes (collectively, the “Notes”):

BlackRock is enabling Voting Choice for more than three million U.S. retail shareholder accounts1 invested in iShares Core S&P 500 ETF (IVV) - representing about $200 billion1 of the fund’s $399 billion2 in assets under management (AUM). Two years on from the launch of Voting Choice for institutional clients, the program is now available to individual investors for the first time, increasing eligible Voting Choice assets to $2.6 trillion, or half of BlackRock’s index equity assets under management.

BlackRock today announced two major developments supporting the growth and advancement of defined contribution (DC) advisors.

BlackRock, Inc. (NYSEBLK) and Global Infrastructure Partners (“GIP”), a leading independent infrastructure fund manager, jointly announce that they have entered into an agreement for BlackRock to acquire GIP for total consideration of $3 billion of cash and approximately 12 million shares of BlackRock common stock.

BlackRock, Inc. (NYSEBLK) today reported financial results for the three months and year ended December 31, 2023.

BlackRock’s spot bitcoin ETF, the iShares Bitcoin Trust (IBIT), begins trading today on Nasdaq. IBIT seeks to track the performance of the price of bitcoin and carries a 0.25% sponsor fee with a one-year waiver reducing the fee to 0.12% on the first $5B assets under management (AUM)1.

The registration statement for BlackRock’s spot bitcoin ETF, the iShares Bitcoin Trust (IBIT), has been declared effective by the U.S. Securities and Exchange Commission (SEC). IBIT seeks to track the price of bitcoin and is expected to begin trading on Nasdaq on January 11, 2024.

BlackRock, Inc. (NYSEBLK) today announced that it will report fourth quarter 2023 earnings prior to the opening of the New York Stock Exchange on Friday, January 12, 2024. Chairman and Chief Executive Officer, Laurence D. Fink, President, Robert S. Kapito, and Chief Financial Officer, Martin S. Small, will host a teleconference call for investors and analysts at 7:30 a.m. ET. BlackRock’s earnings release and supplemental materials will be available via the investor relations section of www.blackrock.com, before the teleconference call begins.

BlackRock, Inc. (NYSEBLK) today announced its plans to implement stock splits for the ETFs listed below. These splits will lower the share price and increase the number of outstanding shares. The total value of shares outstanding is not affected by the share split.

Today, BlackRock launched the BlackRock Total Return ETF (Nasdaq: BRTR), providing ETF investors with access to the firm’s Total Return strategy. As a diversified core bond strategy, the ETF seeks to uncover alpha opportunities across the fixed income universe and deliver consistent, attractive returns across all market cycles.1

BlackRock today released its 2024 Private Markets Outlook, with investment views on how private markets – spanning different sectors, geographies, investment styles, and risk appetites – will evolve in the year ahead. Several mega forces including the low-carbon transition, digital disruption and AI, demographic divergence, the future of finance and geopolitical fragmentation, are expected to offer major investment opportunities in the coming year, despite significant headwinds in 2023.

BlackRock, Inc. (NYSEBLK) today announced that Martin S. Small, Chief Financial Officer, is scheduled to speak at the 2023 Goldman Sachs US Financial Services Conference on December 5th, 2023, beginning at approximately 2:20 p.m. ET. A live webcast will be accessible via the “Investor Relations” section of BlackRock’s website, www.blackrock.com. A replay of the webcast will be available within 24 hours of the presentation and will remain accessible through the Company’s website for three months.

BlackRock’s Evergreen Infrastructure fund has secured almost US$1 billion in client commitments from European founding partners. The Fund has already begun to commit capital and has signed definitive documentation to acquire, subject to customary closing conditions, a U.S. commercial and industrial (C&I) solar and battery platform well positioned for the energy transition.

BlackRock, Inc. (NYSEBLK) today announced that its Board of Directors has declared a quarterly cash dividend of $5.00 per share of common stock, payable December 22, 2023 to shareholders of record at the close of business on December 7, 2023.

BlackRock, Inc. announced that Lead Independent Director, Murry S. Gerber, has informed the Company’s Board of Directors of his decision to not stand for re-election at the conclusion of his term in May 2024 and retire after 23 years of service to the firm and its shareholders. The announcement was made as the Board met today for its regularly scheduled November meeting.

Today, BlackRock has launched the industry’s only suite of target date ETFs, providing millions of Americans with a simple, affordable, and tax-efficient way to save and invest for retirement. This solution is timely – 57 million Americans lack access to a 401(k) or employer-sponsored retirement plan.1

BlackRock announced today the planned termination of three 2023 iShares iBonds ETFs, which possess the following timelines for trading, net-asset value (NAV) calculation and expected liquidation:

BlackRock, Inc. (NYSEBLK) today released its financial results for the third quarter of 2023. The company’s earnings release and supplemental materials are available via ir.blackrock.com/quarterlyresults.

BlackRock announced today the planned termination of the iShares iBonds Dec 2023 Term Muni Bond ETF (IBML), which possesses the following timelines for trading, net-asset value (NAV) calculation and expected liquidation:

BlackRock, Inc. (NYSEBLK) today announced that it will report third quarter 2023 earnings prior to the opening of the New York Stock Exchange on Friday, October 13, 2023. Chairman and Chief Executive Officer, Laurence D. Fink, President, Robert S. Kapito, and Chief Financial Officer, Martin S. Small, will host a teleconference call for investors and analysts at 7:30 a.m. ET. BlackRock’s earnings release and supplemental materials will be available via the investor relations section of www.blackrock.com, before the teleconference call begins.

BlackRock today announced the launch of the BlackRock Advantage Large Cap Income ETF (Cboe: BALI), which seeks to generate a high level of monthly income with upside market participation1 to optimize income and growth within a risk managed framework.

Global insurers are adapting to a challenging macro environment in 2023, according to BlackRock’s 12th annual Global Insurance Report. To do so, they are adopting a strategic asset allocation (SAA) that favors flexibility, allowing them to take advantage of opportunities in public and private markets, and invest in the transition to a low-carbon economy. The report includes findings from 378 insurance investors surveyed across global markets, representing nearly $29 trillion USD in assets under management.

Today, BlackRock expanded its iShares iBonds ETF franchise with the industry’s first TIPS defined maturity bond ETFs. The TIPS iBonds ETF suite consists of 10 funds that invest in U.S. Treasury Inflation-Protected Securities with maturities ranging from 2024 to 2033.

Decarbonization Partners, a partnership between BlackRock and Temasek focused on investing in next-generation private companies that support the acceleration of decarbonization and the transition to a net-zero economy, has co-led a growth equity investment in Ascend Elements, a U.S.-based manufacturer of sustainable, engineered battery materials for electric vehicles. Decarbonization Partners led Ascend Elements’ Series D round alongside Temasek and Qatar Investment Authority. As part of the investment, a representative of Decarbonization Partners will join Ascend Elements’ board of directors. In 2023, Ascend has raised $542 million in new equity investments, including this $460 million Series D round – one of the largest climate tech equity private placements in the U.S. so far this year1 – and $82 million of additional investments made earlier this year.

iShares today announced its plans to close the following U.S.-listed ETFs on November 2, 2023.

BlackRock Inc. (NYSEBLK) announces today the completion of its acquisition of Kreos, a leading provider of growth and venture debt financing to companies in the technology and healthcare industries.

BlackRock [NYSE: BLK] and Jio Financial Services Limited (JFS) today announced an agreement to form Jio BlackRock, a 50:50 joint venture that combines the respective strengths and trusted brands of BlackRock and JFS to deliver tech-enabled access to affordable, innovative investment solutions for millions of investors in India.

Only about half of Americans (56%) report they feel “on track” for retirement, according to the eighth annual BlackRock Read on Retirement™ report. The results show an 11% drop in confidence compared to 2022, with the top key stressors cited as market volatility (93%), inflation (86%) and worries about outliving savings (71%).

BlackRock, Inc. (NYSEBLK) today announced that its Board of Directors has declared a quarterly cash dividend of $5.00 per share of common stock, payable September 22, 2023 to shareholders of record at the close of business on September 8, 2023.