tl;dr
BlackRock's assets under management (AUM) surpassed $10 trillion in the second quarter, rising almost 13% from the previous year to $10.6 trillion. Earnings per share (EPS) increased to $9.99 from $9.06, and revenue rose by 7.7% to $4.8 billion. Additionally, BlackRock holds the largest public stake...
BlackRock's assets under management (AUM) have surpassed $10 trillion in the second quarter, marking a 13% year-over-year increase. Earnings per share (EPS) rose to $9.99 from $9.06, with a revenue increase of 7.7% to $4.8 billion. BlackRock holds the largest public stake in bitcoin through its iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF), with over 300,000 BTC. BLK shares rose 1.2% to $838 in pre-market trading.
The evolution of blockchain into 'Wall Street 2.0' is evident in the reaction of crypto markets to significant events.
After a shooting incident, Trump's odds of victory reached an all-time high on Polymarket, while the Spain National Fan Token experienced a decline after UEFA Euro 2024 win.
There is potential for NFTs to revolutionize athlete legacies and fan experiences, exemplified by BlackRock's significant holdings in bitcoin through its iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF).
BlackRock's BUIDL Fund has surpassed $500 million as the tokenized treasury market soars.
More about BlackRock Inc
BlackRock Inc Stock Analysis
BlackRock, Inc. is currently trading in the range of $20.10 to $39.33.
The stock's 52-week high is at $123.09, with a 52-week low of $21.05.
The trading volume is at 18,343,999, with a market capitalization of $123,036,336,000.
The Relative Strength Index (RSI) is at 37.2, indicating a neutral position.
The stock has a 0.323 beta, suggesting a moderate correlation with the market.
BlackRock, Inc. has a support level at $20.10 and a resistance level at $39.33.
Based on the data, the stock is currently in a neutral position with potential for a breakout in either direction.