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Live Updates Live Coverage Updates appear automatically as they are published. Today's Wall Street Updates on Bank Stocks 9:20 am Ticker Company Analyst Firm Rating (Unchanged) New Price Target (Old) Reasons C Citigroup Barclays Overweight $100 ($95) Q2 earnings beat estimates; NII ahead, though fees worse; pointed to 2025 revenues at high-end of guidance, offset by slight expense increase. C Citigroup Morgan Stanley Overweight $107 ($103) High-quality EPS beat; raised guidance; doubled share repurchases to at least $4B in Q3; expects 10% ROTCE in 2026. C Citigroup Piper Sandler Overweight $104 ($84) Increasing EPS estimates post-Q2; story checks all right boxes as a winner this quarter. JPM JPMorgan Morgan Stanley Equal Weight $298 ($296) Strong 11% EPS beat vs. consensus; raised NII guidance; highlighted potential uses of excess capital, including inorganic opportunities (high bar). BK BNY Mellon Morgan Stanley Overweight $101 ($95) 11% EPS beat driven by fees and NII; sixth str

BlackRock stock price dived on Tuesday after the company published strong earnings. BLK plunged by over 5% to an intraday low of $1,040, down from a record high of $1,110.

BlackRock, Inc. delivered mixed Q2 earnings against a backdrop of high market volatility, where revenues and AUM increased modestly but fell short of expectations. The asset manager is betting strongly in private markets to continue with its high growth and diversify away from public products. Despite the company having a solid growth pipeline and a competitive advantage, its valuation is currently overvalued, and therefore, I decided to rate the shares as a Hold.

Major U.S. equity indexes were mixed as the latest Consumer Price Index report showed inflation ticking higher in June, with indications that President Donald Trump's tariffs are beginning to push up prices on goods like groceries and clothing.

BlackRock CEO Larry Fink on Tuesday said the asset manager is experiencing "great" organic growth, but that its "front-loaded" expenses may seem too high to some investors.

Shares of BlackRock (BLK -5.50%), the world's largest asset manager, fell 5.4% on Tuesday as of 3 p.m. ET.

Live Updates Live Coverage Updates appear automatically as they are published. Bank Stocks Continue Trending Down 12:06 pm by Eric Bleeker It’s now a little past noon, and there’s been no turnaround for either Wells Fargo or BlackRock. Wells Fargo is trading down about 5.5%, which is its daily low point. BlackRock has bounced back from its 11 a.m. lows, but is still down 5.7% on the day. Why is Wells Fargo Down? 11:09 am by Eric Bleeker Wells Fargo beat estimates but its shares are down about 5% in early trading. Let’s look at some reasons the stock is down despite this earnings beat: The company lowered expectations for its net interest income. Previously the company had guided to 1 to 3% growth in 2025, but now says it expects interest income to be “roughly in line” with 2024. The stock has also performed strongly in 2025. Shares were up more than 18% headed into today, so taking a breather isn’t unusual. We’ll continue monitoring what Wall S

BLK beats Q2 earnings estimates and posts record $12.52T AUM, but shares dip 6.4% despite strong revenue growth.

Major U.S. equities indexes were mixed at midday Tuesday as tech stocks got a boost from semiconductor stocks. The tech-heavy Nasdaq climbed, while the S&P 500 and Dow dropped.

BlackRock, Inc. (NYSE:BLK ) Q2 2025 Earnings Conference Call July 15, 2025 7:30 AM ET Company Participants Christopher Joseph Meade - Senior MD, General Counsel & Chief Legal Officer Laurence Douglas Fink - Founder, CEO & Chairman Martin S. Small - Senior MD, CFO & Global Head of Corporate Strategy Conference Call Participants Alexander Blostein - Goldman Sachs Group, Inc., Research Division Benjamin Elliot Budish - Barclays Bank PLC, Research Division Brian Bertram Bedell - Deutsche Bank AG, Research Division Craig William Siegenthaler - BofA Securities, Research Division Daniel Thomas Fannon - Jefferies LLC, Research Division Michael J.