Why BlackRock Is Bracing for Subdued Equity Performance
On March 31, 2017, BlackRock was managing a record $3.1 trillion—about 56% of the company’s total AUM—in its Institutional Clients division.
BlackRock continues to command a premium valuation among other traditional and alternative asset managers—thanks to its diversified offerings.
So far in June 2017, ten of the 14 analysts covering BlackRock (BLK) have rated the stock as a “strong buy” or “buy.” Four analysts have rated it as “hold.”
Negative Earning Trends Led to Pessimism among Small Businesses
The overall business sentiment among small business owners remains subdued and less optimistic during this holiday season.
According to the NFIB, the small business optimism index remained unchanged at 96.1 in October. The reading was below the consensus estimate of 96.4.
According to the NFIB, the Small Business Optimism Index increased to 96.1 index points in September 2015, compared to its 95.9 level in August.