BlackRock (BLK)
2026-04-15
Recap: Q1 2026
Operating Leverage Arrives: Margins Expand Through the Worst Market Month Since 2022, and We Reiterate Outperform
2026-01-16
Recap: Q4 2025
Record $698B Year, AUM Tops $14T, and a 10% Dividend Hike; We Maintain Outperform as 2026 Operating Leverage Comes Into View
2025-10-15
Recap: Q3 2025
Record $205B Inflows and 10% Organic Growth Vindicate the Platform Build; We Upgrade to Outperform
2025-07-16
Recap: Q2 2025
Record $12.5T AUM and a 16% EPS Beat, but a $52B Redemption and M&A Drag Send Shares Down 6%