Latest news with #BLK
USA Today
3 days ago
- Sport
- USA Today
Top Liberty vs. Mystics players to watch - 5/30/2025
Top Liberty vs. Mystics players to watch - 5/30/2025 Friday's WNBA slate includes Aaliyah Edwards' Washington Mystics (3-3) playing at home against the New York Liberty (5-0) at CareFirst Arena. The game starts at 7:30 p.m. ET. The Liberty have a +74 scoring differential, topping opponents by 14.8 points per game. They're putting up 91.6 points per game to rank first in the league and are allowing 76.8 per contest to rank second in the WNBA. The Mystics put up 79.2 points per game (ninth in league) while giving up 78.5 per contest (fifth in WNBA). They have a +4 scoring differential. Watch this game on Fubo! (regional restrictions may apply) How to watch Liberty vs. Mystics Date: Friday, May 30, 2025 Friday, May 30, 2025 Time: 7:30 p.m. ET 7:30 p.m. ET How to watch on TV: ION ION Live stream: Fubo (regional restrictions may apply) Fubo Location: Washington D.C. Washington D.C. Venue: CareFirst Arena CareFirst Arena Favorite: Liberty -7.5 Liberty's last game New York beat Golden State 82-77 in its last game. Breanna Stewart led the way with 27 points, seven rebounds, four assists, two steals and three blocks, followed by Sabrina Ionescu with 24 points, six rebounds and four assists. Breanna Stewart: 27 PTS | 7 REB |4 AST | 2 STL | 3 BLK | 0 3PM Sabrina Ionescu: 24 PTS | 6 REB |4 AST | 1 STL | 0 BLK | 6 3PM Kennedy Burke: 11 PTS | 7 REB |2 AST | 0 STL | 1 BLK | 3 3PM Mystics' last game With Brittney Sykes leading the team with 21 points, nine rebounds, four assists and two blocks, Washington ended up winning against Indiana 83-77 in its last game. Brittney Sykes: 21 PTS | 9 REB |4 AST | 0 STL | 2 BLK | 1 3PM Kiki Iriafen: 16 PTS | 8 REB |1 AST | 1 STL | 0 BLK | 0 3PM Shakira Austin: 13 PTS | 3 REB |0 AST | 2 STL | 1 BLK | 0 3PM Liberty players to watch Stewart averages a team-high 20.8 points per game. She is also putting up 5 rebounds and 3 assists, shooting 55.9% from the floor (fourth in league). Natasha Cloud leads her squad in assists per contest (7.6), and also puts up 13.6 points and 5 rebounds. Defensively, she delivers 2.2 steals (sixth in league) and 1 block (10th in league). Jonquel Jones paces her squad in rebounds per contest (9.8), and also averages 16.8 points and 3.8 assists. Defensively, she delivers 0.5 steals and 1.8 blocked shots (third in the league). Ionescu posts 15.8 points, 5 rebounds and 4.6 assists per game, shooting 37.1% from the floor and 30.8% from beyond the arc with 2.4 made 3-pointers per contest (eighth in WNBA). Kennedy Burke puts up 10.4 points, 3.2 rebounds and 1.4 assists per contest, shooting 60.7% from the floor and 66.7% from downtown (first in league) with 2 made 3-pointers per game. Mystics players to watch Sykes is putting up team highs in points (22 per game) and assists (4.8). And she is producing 4.8 rebounds, making 35.4% of her shots from the field and 31.6% from beyond the arc, with 1.2 triples per contest. Kiki Iriafen is the Mystics' top rebounder (10.7 per game), and they puts up 14.2 points and 0.8 assists. Their rebounding average ranks them third in the league. Sonia Citron gets the Mystics 15 points, 4 rebounds and 2.3 assists per game. They also averages 0.7 steals and 0.3 blocked shots. The Mystics get 9.5 points, 3.5 rebounds and 3.2 assists per game from Jade Melbourne. Stefanie Dolson gets the Mystics 4.2 points, 3.3 rebounds and 2.7 assists per game. She also delivers 0.7 steals and 0.7 blocked shots. Watch this game on Fubo! (regional restrictions may apply)
Yahoo
4 days ago
- Business
- Yahoo
BlackRock Reportedly Plans to Invest in Circle Internet's Upcoming IPO
BlackRock, Inc. (NYSE:BLK) is reportedly planning to purchase around 10% of the shares offered in Circle Internet Group Inc.'s upcoming IPO, according to sources familiar with the matter. The move highlights the growing intersection between traditional finance and the crypto sector. Circle, the issuer of the USDC stablecoin, along with some of its shareholders, aims to raise up to $624 million through the IPO, as revealed in a filing with the US Securities and Exchange Commission on May 27. The filing also noted that Cathie Wood's Ark Investment Management has expressed interest in acquiring up to $150 million worth of shares. Circle officially filed for a public listing on the New York Stock Exchange on May 27. The offering includes 24 million Class A shares, of which 9.6 million are being offered by the company and 14.4 million by existing stakeholders. In addition, underwriters are expected to receive a 30-day option to purchase up to 3.6 million more shares. According to Bloomberg News, investor demand for the offering has significantly exceeded the number of shares available. The IPO is expected to be priced on June 4. BlackRock, Inc. (NYSE:BLK) currently manages a government money market fund on behalf of Circle, which holds 90% of the reserves backing the company's USDC stablecoin. As of April 30, 2024, that fund held nearly $30 billion in net assets. The structure of BlackRock, Inc. (NYSE:BLK)'s potential investment could vary, and the firm may proceed through an affiliated entity or ultimately choose not to participate, the sources said. Both BlackRock and Circle declined to comment on the matter. BLK is up by nearly 26% in the past 12 months. While we acknowledge the potential of BLK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BLK and that has 100x upside potential, check out our report about this cheapest AI stock. READ MORE: and Disclosure. None.
Yahoo
5 days ago
- Business
- Yahoo
BlackRock Gets Regulatory Nod to Start Mutual Fund Business in India
BlackRock Inc. BLK and India-based Jio Financial have obtained approval from the Securities and Exchange Board of India to commence operations of their mutual fund joint venture (JV), Jio BlackRock Asset Management, plans to launch a broad range of investment products in the upcoming quarters based on a 'digital first' approach for retail and institutional products will apply BLK's capabilities in data-driven investing, including 'Aladdin.' Sid Swaminathan has been appointed as the managing director and chief executive at Jio BlackRock. In July 2023, BlackRock entered into a joint venture with Jio Financial, naming it Jio BlackRock, to revolutionize India's asset management industry. This 50:50 partnership combined the scale and investment expertise of BLK with the local market knowledge and digital infrastructure capabilities of Jio joint venture targeted an initial investment of $150 million each from BlackRock and Jio Financial. The primary goal is to democratize access to investment solutions and provide affordable, tech-enabled options for millions of investors in April 2024, both entities entered into a new joint venture to establish a wealth management and broking business in India to tap into the country's growing wealth business and rising retail investor base. This move aligns with BlackRock's growth strategy to strengthen its market share in domestic as well as global markets. The convergence of rising affluence, favorable demographics and digital transformation in India has created an incredible opportunity. Jio BlackRock aims to capitalize on this potential and reshape the investment March 2025, BlackRock acquired London-based Preqin for $3.2 billion to enhance its private markets offerings. In December 2024, the company announced a deal to acquire HPS Investment for $12.1 billion. In October 2024, it acquired Global Infrastructure Partners to enhance its infrastructural offerings and origination capabilities. In May 2024, BlackRock completed the acquisition of the remaining 75% stake in SpiderRock to boost its separately managed accounts BlackRock has established strategic alliances. Last September, it entered into a collaboration with Banco Santander to expand into infrastructure markets. Similarly, the company formed a partnership with Partners Group to introduce a multi-private markets model solution, boosting retail investors' accessibility to alternative investments. Shares of BlackRock have gained 1.5% against the industry's decline of 6.4% in the past three months. Image Source: Zacks Investment Research Currently, BLK carries a Zacks Rank #4 (Sell).You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Last week, The PNC Financial Services Group, Inc.'s PNC subsidiary, PNC Bank, agreed to acquire Aqueduct Capital Group. The acquisition is expected to close in mid-summer, subject to customary closing conditions. The terms of the deal were kept under planned acquisition will enhance the primary fund placement capabilities of PNC Financial's subsidiary Harris Williams, which is a global investment bank specializing in mergers and acquisitions and private capital advisory services, serving clients Capital One COF completed the acquisition of Discover Financial. The $35-billion transaction reshapes the landscape of the credit card industry, creating a behemoth (in terms of loan volume).At the time of the announcement (February 2024), it was noted that the Capital One-Discover merger will likely generate and deliver attractive accretion and returns for its shareholders. Expense synergies of $1.5 billion in 2027, coupled with network synergies of $1.2 billion, underscore the value-creation potential of the merger. The transaction will result in a more than 15% accretion to adjusted non-GAAP EPS by 2027. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report BlackRock (BLK) : Free Stock Analysis Report Capital One Financial Corporation (COF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
BlackRock (BLK) Ascends But Remains Behind Market: Some Facts to Note
BlackRock (BLK) closed at $981.32 in the latest trading session, marking a +1.88% move from the prior day. The stock lagged the S&P 500's daily gain of 2.05%. At the same time, the Dow added 1.78%, and the tech-heavy Nasdaq gained 2.47%. The the stock of investment firm has risen by 5.41% in the past month, leading the Finance sector's gain of 3.67% and the S&P 500's gain of 5.21%. The upcoming earnings release of BlackRock will be of great interest to investors. On that day, BlackRock is projected to report earnings of $10.50 per share, which would represent year-over-year growth of 1.35%. Our most recent consensus estimate is calling for quarterly revenue of $5.37 billion, up 11.83% from the year-ago period. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $44.87 per share and revenue of $22.53 billion, indicating changes of +2.89% and +10.4%, respectively, compared to the previous year. Investors should also note any recent changes to analyst estimates for BlackRock. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.77% fall in the Zacks Consensus EPS estimate. BlackRock is currently a Zacks Rank #4 (Sell). Digging into valuation, BlackRock currently has a Forward P/E ratio of 21.47. This indicates a premium in contrast to its industry's Forward P/E of 10.69. We can also see that BLK currently has a PEG ratio of 2.93. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Financial - Investment Management industry was having an average PEG ratio of 1.27. The Financial - Investment Management industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 223, placing it within the bottom 10% of over 250 industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Ensure to harness to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BlackRock (BLK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
7 days ago
- Business
- Yahoo
BlackRock vs. Blackstone: Which Asset Management Giant Has the Edge?
BlackRock BLK and Blackstone BX are leading U.S.-based asset management firms. While BLK focuses on public market investments and exchange-traded funds (ETFs), BX specializes in alternative assets like private equity and real estate. The asset management industry is currently benefiting from investors' shift toward higher-yielding investment vehicles like equity funds, alternative assets and long-term bond funds. Also, deregulation is expected to open up access to cryptocurrencies and the previously untapped retirement market. Further, the growing adoption of tokenized assets – the tokenization of traditional assets, such as real estate and equities, is attracting investor interest. Together, these trends are expected to drive continued growth in assets under management (AUM). In this evolving landscape, BLK and BX seem to be well-positioned to capitalize on these the question arises: which asset manager, BlackRock or Blackstone, deserves a place in your portfolio? Let's examine their fundamentals, financial performance and growth prospects to determine which stock presents a more compelling opportunity right now. BlackRock, one of the world's largest asset managers (total AUM of $11.58 trillion as of March 31, 2025), has been expanding its footprint in domestic and global markets through acquisitions. Since 2024, the company has acquired the remaining 75% stake in SpiderRock Advisors, Global Infrastructure Partners (GIP) and London-based Preqin. Additionally, in December 2024, it announced a deal to acquire HPS Investment, which has almost $148 billion in AUM. These deals represent a strategic expansion of BlackRock's Aladdin technology business into the rapidly growing private markets data BlackRock has been focusing on diversifying its product suite and revenue mix, which, along with strategic acquisitions, has been contributing to its AUM's growth over the years. AUM witnessed a five-year (2019-2024) compound annual growth rate (CAGR) of 9.2%, with the uptrend persisting in the first quarter of 2025 amid macroeconomic headwinds. The momentum will likely continue as efforts to strengthen iShares unit (offering more than 1,400 ETFs globally) and ETF operations (it received approval for spot Bitcoin and ether ETFs), and increased focus on the active equity business are expected to offer efforts are likely to bolster BLK's revenue mix, reduce top-line concentration risk and allow it to serve a broader range of clients, aiding AUM growth. The company's GAAP revenues witnessed a CAGR of 7% over the last five years ended 2024, with momentum persisting in the first quarter of 2025. Moreover, the combination of HPS Investment, Preqin and GIP data with the company's alternative asset management platform, eFront, will drive solid revenue growth. Image Source: Zacks Investment Research However, the uncertainties surrounding the impact of tariff policies and geopolitical risks are likely to weigh on BlackRock's revenues to some extent. Blackstone, one of the world's largest alternative asset managers (total AUM of $1.17 trillion as of March 31, 2025), has been successfully raising money despite several near-term headwinds. Fundraising for the global private equity and real estate funds resulted in the company's 'dry powder' or the available capital of $177.2 billion as of March 31, 2025. With substantial investable capital, Blackstone is well-positioned to take advantage of market dislocations. The company maintains a strong long-term conviction in key sectors such as digital infrastructure, energy and power, life sciences, alternatives and the recovery in commercial real estate. Additionally, accelerating growth in India and Japan offers attractive opportunities, supporting a strategic deployment of in April, Wellington, Vanguard and Blackstone announced the formation of an alliance to develop simplified multi-asset investment solutions combining public and private markets. Aiming to broaden investor access to institutional-quality portfolios, the collaboration leverages each firm's strengths to address long-term diversification and return challenges in wealth and asset tighter credit markets, higher-for-longer interest rates, slower deal activity in private equity and real estate, reduced realizations adversely impacting performance fees and concerns about exit opportunities are expected to hamper Blackstone's near-term prospects. Additionally, the biggest factor influencing its financials will likely be the ongoing uncertain operating backdrop because of the Donald Trump administration's trade believes that deal activities are expected to remain muted for the time being as the tariff plans have led to heightened ambiguity. This has also resulted in caution in the IPO market. Hence, it will not be easy for Blackstone to record growth in transaction advisory revenues and net realized performance income in the near term. Image Source: Zacks Investment Research The Zacks Consensus Estimate for BLK's 2025 and 2026 earnings indicates a 2.9% and 12.5% growth for 2025 and 2026, respectively. Over the past week, earnings estimates for 2025 and 2026 have been revised upward. This indicates analysts' bullish sentiments. Image Source: Zacks Investment Research Likewise, analysts are optimistic about BX's prospects. The consensus mark for 2025 and 2026 earnings suggests a 3% and 33.2% increase. Also, over the past seven days, earnings estimates for both years have been revised north. Image Source: Zacks Investment Research While 2025 started on a positive note, the operating backdrop gradually turned pessimistic as the year progressed because of Trump's trade policy ambiguity and its adverse impact on the economy and the Federal Reserve's monetary policy. As such, this year, shares of BlackRock and Blackstone have declined. Image Source: Zacks Investment Research Valuation-wise, BLK is currently trading at a price-to-book (P/B) of 3.10X, higher than its five-year median of 2.97X. The BX stock, on the other hand, is currently trading at a P/B of 5.37X, which is higher than its five-year median of 3.85X. Image Source: Zacks Investment Research Therefore, BlackRock is inexpensive compared to BX's return on equity (ROE) of 19.84% is above BLK's 15.57%. So, Blackstone uses shareholder funds more efficiently to generate profits than BlackRock. Image Source: Zacks Investment Research BlackRock appears to be the stronger pick for 2025 given its diversified growth strategy, robust AUM expansion and momentum in ETF and private market offerings. Strategic buyouts like GIP, Preqin and HPS Investment will enhance its data and alternatives platform, while the exposure to spot crypto ETFs and strong iShares presence position it well to capture evolving investor demand. Its consistent revenue and earnings growth also suggest resilience in uncertain macro while still a formidable player in alternatives, faces near-term headwinds from tighter credit conditions, muted deal activity and geopolitical uncertainties. Despite strong fundraising and sizable investable capital, deployment challenges may delay monetization. While its ROE outpaces BLK's, BlackRock's broader product suite and valuation advantage make it a more compelling buy for present, BLK carries a Zacks Rank #3 (Hold), while BX has a Zacks Rank #4 (Sell).You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Blackstone Inc. (BX) : Free Stock Analysis Report BlackRock (BLK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
