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BlackRock Solutions
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BlackRock (BLK) Earnings Q4 2010
View BLK Q4 Earnings Report
Highlights:
Fourth quarter 2010 net income totaled $657 million, up $401 million from a year ago and up $106 million compared to the third quarter of 2010
Operating income was $940 million and non-operating income was $26 million
The ful
BlackRock's new RMBS effort draws interest
The RMBS market, despite some excitement about a rare deal back in April , has been stalled, and there's the sense that market for private-label loans (non-agency backed) just isn't working in the current environment. HAMP has wreaked havoc on the first investors. BlackRock was certainly affect
BlackRock (BLK) Earnings Q3 2010
View BLK Q3 Earnings Report
Highlights:
AUM grew $295.5 billion to $3.446 trillion, up $295.5 billion or 9 percent from the previous quarter and $2.011 trillion or 140 percent year-over-year.
New business pipeline totaled $46.1 billion as of October 15, 2010.Operating
Goldman Sachs equity prop traders courted by big-name firms
Members of the Goldman Sachs' Principal Strategies equity unit are apparently in heavy demand right now. The likes of Kohlberg Kravis Roberts, Perella Weinberg and BlackRock are said to be interested in hiring the traders as a unit of a dozen traders.
Proprietary trading recently has accounted
Axa sells Goldman Sachs, adds commercial bank exposure
Axa, the French financial service giant and once the largest shareholder of Goldman Sachs, cut its holdings in Goldman (NYSE: GS ) by more than 16 million shares in the three-month period ending on June 30, according to a recent filing noted by the Financial Times . It still owns about 10.6
Settlements over auction rate securities proliferating?
Recall that the market for auction rates securities (ARS) seized up at the height of the financial crisis, leaving many investors fuming. Indeed, the suddenly frozen market left some buyers with massive liquidity issues.
One of the biggest ARS players was UBS ( UBS news), which was just hit
BlackRock (BLK) Earnings Q2 2010
View BLK Q2 Earnings Report
Highlights:
Assets under management ended the quarter at $3.151 trillion.
Net new business in long-term products (excluding merger-related) was diversified geographically, including $12.4 billion of net inflows from clients in the Americas and $18
BlackRock earnings lower than expected, fund outflows tick up
We've gotten used to upside surprises when it comes to financial service firms, so it's a big shock when a company disappoints, especially a powerhouse like BlackRock ( NYSE: BLK ). The firm reported first-quarter earnings of $2.40 a share vs. the average estimate of $2.45 a share. Revenues also
BlackRock (BLK) Earnings Q1 2010
View BLK Q1 Earnings Report
Highlights:
First quarter 2010 net income of $423 million, up $339 million compared to first quarter 2009.
Operating income was $654 million and nonoperating expense, net of non-controlling interests, was $3 million.
The operating margin was
PIMCO vs. BlackRock on bonds
A very high profile bulls vs. bears battle when it comes to Treasuries is brewing: PIMCO ( PIMCO news) vs. BlackRock ( BlackRock news). We've noted that Bill Gross ( Bill Gross news), of PIMCO, is putting his money where his mouth is. He has predicted the end of the epic bond rally, and i
