Last $340.51 USD
Change Today -6.43 / -1.85%
Volume 663.2K
As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

blackrock inc (BLK) Key Developments

BlackRock, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended November 30, 2014; Provides Tax Rate Guidance for 2015

BlackRock, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended November 30, 2014. For the quarter, the company reported total revenue of $2,784 million against $2,777 million a year ago. Operating income was $1,144 million against $1,133 million a year ago. Income before income taxes was $1,084 million against $1,157 million a year ago. Net income attributable to parent company was $813 million against $841 million a year ago. Diluted earnings per share were $4.77 against $4.86 a year ago. As adjusted basis: operating income was $1,154,000 against $1,143,000 a year ago. Net income was $821 million against $851 million a year ago. Diluted EPS was $4.82 against $4.92 a year ago. The company's fourth quarter results were driven by $88 billion of long-term net new business, high ever quarterly net flows, representing an annualized organic growth rate of 8.3%. For the full year, the company reported total revenue of $11,081 million against $10,180 million a year ago. Operating income was $4,474 million against $3,857 million a year ago. Income before income taxes was $4,395 million against $3,973 million a year ago. Net income attributable to parent company was $3,294 million against $2,932 million a year ago. Diluted earnings per share were $19.25 against $16.87 a year ago. As adjusted basis: operating income was $1,214,000 against $4,563,000 a year ago. Net income was $4,024 million against $851 million a year ago. Diluted EPS was $19.34 against $16.58 a year ago. Together with net flows from cash management business, the company generated over $200 billion of net inflows for the year. The company continue to estimate that 30% remains a reasonable projected tax rate for 2015, the actual effective tax rate may differ as a consequence of additional nonrecurring items that arise during the year.

Blackrock, Inc. Approves Quarterly Cash Dividend, Payable March 24, 2015

BlackRock, Inc. announced that its Board of Directors 13% increase in quarterly cash dividend to $2.18 per share of common stock, payable March 24, 2015 to shareholders of record at the close of business on March 6, 2015.

BlackRock, Inc. to Report Q4, 2014 Results on Jan 15, 2015

BlackRock, Inc. announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Jan 15, 2015

BlackRock, Inc., Q4 2014 Earnings Call, Jan 15, 2015

BlackRock, Inc., Q4 2014 Earnings Call, Jan 15, 2015

BlackRock Announces Executive Appointments, Effective January 1, 2015

BlackRock has appointed Geir Espeskog as iShares head of distribution for the Asia-Pacific region. Espeskog, who was previously head for iShares in the Nordics, will reportedly supervise the operations of the iShares exchange-traded funds business in the region for all channels. In addition, BlackRock named Jason Miller as head of iShares Japan; Jonathan Howie as head of iShares Australia; and Sean Cunningham as head of iShares Capital Markets for Asia-Pacific in Hong Kong. Miller was previously in New York as head of broker/dealer relationship management in the Americas iShares Capital Markets team, Howie was previously head of ETF product and strategy for iShares in Australia, and Cunningham was head of broker/dealer execution services for Europe, the Middle East and Africa. The new appointments are effective Jan. 1, 2015.

 

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