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Last $365.40 USD
Change Today -6.78 / -1.82%
Volume 798.8K
BLK On Other Exchanges
Symbol
Exchange
New York
Berlin
Mexico
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

blackrock inc (BLK) Key Developments

BlackRock, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

BlackRock, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company reported total revenue of $2,723 million against $2,670 million a year ago. Operating income was $1,067 million against $1,051 million a year ago. Income before income taxes was $1,118 million against $1,068 million a year ago. Net income attributable to company was $822 million or $4.84 per diluted share against $756 million or $4.40 per diluted share a year ago. Adjusted operating income was $1,077 million against $1,062 million a year ago. Adjusted net income attributable to company was $830 million or $4.89 per diluted share against $762 million or $4.43 per diluted share a year ago.

BlackRock, Inc. Enters into Amendment No. 4 to its Five-Year Revolving Credit Agreement

On April 2, 2015, BlackRock, Inc. and certain of its subsidiaries entered into Amendment No. 4 to its Five-Year Revolving Credit Agreement, dated as of March 10, 2011, as amended by Amendment No. 1 thereto, dated as of March 30, 2012, Amendment No. 2 thereto, dated as of March 28, 2013, and Amendment No. 3 thereto, dated as of March 28, 2014, with Wells Fargo Bank, National Association, as administrative agent, swingline lender, issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein. Among other things, Amendment No. 4 increases the size of the revolving credit facility under the Existing Credit Agreement to $4,000,000,000, extends the maturity date of the Revolving Facility to March 31, 2020 without utilizing BlackRock's option to request extensions of the Maturity Date available under the Existing Credit Agreement, adds a sub-limit for designated borrowers to the Revolving Facility, including a $1,500,000,000 sub-limit for BlackRock Group Limited, a designated borrower incorporated and organized under the laws of England and Wales and increases the size of the letter of credit subfacility to $4,0000,000,000 (with a $200,000,000 sub-limit for the issuance of fronted letters of credit). Except as modified by Amendment No. 4, the terms of the Revolving Facility remain the same.

BlackRock, Inc. to Report Q1, 2015 Results on Apr 16, 2015

BlackRock, Inc. announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on Apr 16, 2015

BlackRock, Inc., Q1 2015 Earnings Call, Apr 16, 2015

BlackRock, Inc., Q1 2015 Earnings Call, Apr 16, 2015

ACE Limited and BlackRock, Inc. Announces Launch of ABR Reinsurance Ltd

ACE Limited and BlackRock, Inc. announced the launch of ABR Reinsurance Ltd. Through unique long-term arrangements, ACE Group will be the sole source of reinsurance risks ceded to ABR Re, and BlackRock will be ABR Re's exclusive investment management service provider. ABR Re will underwrite a portion of a broad selection of reinsurance treaties that ACE places with the traditional reinsurance market and will invest its assets in a diversified and dynamic alternative investment portfolio managed by BlackRock. ABR Reinsurance Capital Holdings Ltd., ABR Re's parent company, has raised approximately $800 million of capital through a private placement. ACE and a BlackRock affiliate have minority ownership stakes in the parent company. ABR Re's investors will benefit from underwriting profit generated by ABR Re's reinsuring a wide range of ACE's primary insurance business and the income and capital appreciation BlackRock seeks to deliver through its investment management services.

 

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Price/Earnings 18.5x
Price/Sales 5.5x
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Price/Cash Flow 17.2x
TEV/Sales -- Not Meaningful
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