BlackRock (BLK) Surges Past $1,000 as AUM Exceeds Expectations

Oct 14, 2024

BlackRock (BLK, Financial), a global leader in investment management, saw its stock rise over 1%, surpassing $1,000 and setting a new historical high. This upswing followed the announcement that by the end of the third quarter of 2024, BlackRock's Assets Under Management (AUM) reached $11.48 trillion, surpassing market expectations of $11.19 trillion.

Morgan Stanley has rated BlackRock stock as overweight, while Evercore maintains a buy rating and has increased its price target to $1,040.

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