BlackRock’s Fink Says Rally in Equities May Not Be Justified

Updated on
  • Corporate earnings have fallen in five quarters, he tells CNBC
  • BlackRock earnings fell 3.7% as investors shifted to bonds

Sowerby: Stocks Are Still Likely to Yield 7% Returns

Laurence D. Fink, who runs the world’s largest asset manager as chief executive officer of BlackRock Inc., said the current rally in equities may not be justified and won’t last unless earnings pick up.

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