Shares ofBlackRock Inc.(BLK), the world’s largest asset-management firm, fell more than 5 percent in electronic trading afterBank of America Corp.(BAC) andPNC Financial Services Group(PNC), two of BlackRock’s biggest shareholders, said they plan to sell 42 million shares of the co.’s ...
BlackRock announced the acquisition of one of the largest infrastructure fund managers in the world,Global Infrastructure Partners (GIP). The agreement was made with a package consisting of $3 billion in cash and around 12 million shares of BlackRock stock, totaling around $12.5 billion. Within th...
Our capital management strategy remains first to invest in our business and then to return excess cash to shareholders through a combination of dividends and share repurchases. We continue to invest through prudent use of our balance sheet to best position BlackRock for continued success. This is p...
JPMorgan, BlackRock prioritizing clients and shareholders over climate activists Will Hild, executive director of the nonprofit organization Consumers' Research, suggested that fear of political and shareholder backlash may have influenced JPMorgan and BlackRock into leaving CA100+. ...
BlackRock offices in New York City. Founded in 1988, BlackRock, Inc. is the world's largest asset manager.(Erik McGregor/LightRocket via Getty Images / Getty Images) But BlackRock's letter defending itself to the AGs prompted progressiveNew York CityComptroller Brad Lander to send Fink a lette...
It's annual meeting season for corporations and there is a major change occurring in the way shareholders vote this year that comes from the world's largest money manager and most influential vote holder: BlackRock. It is no exaggeration to say the world's dominant fund companies can contro...
BlackRock, Inc., formerly BlackRock Funding, Inc., is an investment management company. It provides a range of investment management and technology services to institutional and retail clients. Its diverse platform of alpha-seeking active, index and cash management investment strategies ...
("BlackRock"), have the responsibility for the oversight of voting proxies relating to portfolio securities of the Funds, and have determined that it is in the best interests of the Funds and their shareholders to delegate the responsibility to vote proxies to BlackRock, subject to the principles...
Our conviction at BlackRock is that companies perform better when they are deliberate about their role in society and act in the interests of their employees, customers, communities, and their shareholders. Larry FinkBlackRock Chairman and CEO ...
As part of the review, BlackRock also had found a “really strong relationship” between a proposal getting the support of 30 per cent to 50 per cent of shareholders and companies taking action to address concerns, Ms Boss said. The pledge was given a cautious welcome by critics. ...