옵션 체인은 다양한 행사가격과 만기일에 대한 BlackRock의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 BlackRock에 대한 시장 심리를 평가합니다..

BlackRock (NYSE:BLK) 주식, 옵션 체인

BlackRock

BlackRock is the largest asset manager in the world, with $11.475 trillion in assets under management at the end of September 2024. Its product mix is fairly diverse, with 55% of managed assets in equity strategies, 26% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada.

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블랙록(NYSE:BLK)은 금요일에 예상보다 좋은 3분기 실적을 발표했다. 매출이 전년 대비 15% 증가하여 51억 9,700만 달러로, 컨센서스인 50억 7,000만 달러를 초과했다. 조정된 주당순이익(EPS)은 전년 대비 5% 증가하여 11.46달러로, 컨센서스인 10.38달러를 초과했다.

블랙록 분석가들, 강력한 3분기 실적 이후 주가 목표를 상향 조정

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S&amp;P 500과 다우존스 산업평균지수가 이번 주에 사상 최고치를 기록했다. 3분기 실적 시즌의 강력한 시작이 두 지수를 부추겨 지난달의 예상치 못한 인플레이션 급등에 대한 우려를 상쇄했다.

이번 주 시장 동향: 강력한 실적 시즌 시작으로 주요 지수 신고가 경신, 투자자들이 테슬라 실망

Entertainment

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배우 라이언 레이놀즈를 최고 크리에이티브 책임자(CCO)로 둔 한 마케팅 회사는 2025년 기업공개를 계획하고 있으며, 대형 스크린에서 &#39;데드풀&#39;을 연기한 것으로 가장 잘 알려진 이 배우의 최근 성공 사례를 추가할 예정이다.

라이언 레이놀즈의 10억 달러 행진, 그의 바이럴 마케팅 회사가 다음에 상장될 것인가?

BlackRock Inc

Blackbaud Inc

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF

GLOBAL GAMING TECHS by Global Gaming Technologies Corp.

Global Gaming Technologies Corp

ISH BLOCKCHAIN U ETF

BLACKLINE SAFETY CORP by Blackline Safety Corp

Blackline Safety Corp

Blackstone

BLACK UNICORN FACTORY

BLACKWELL INTELLIGNCE INC by BLACKWELL INTELLIGENCE INC

Blackwell Intelligence Inc

BLACKROCK ORD

In a bold but unsurprising move, MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) CEO Michael Saylor said the company would advocate for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as a treasury reserve asset across global finance.
What Happened: During the company&#8217;s third-quarter earnings call Tuesday, Saylor voiced his conviction in Bitcoin&#8217;s potential to rectify the unhealthy balance sheets of both public and private enterprises.
&#8220;Bitcoin fixes the balance sheet. It&#8217;ll bring your stock back to life. It&#8217;ll bring your options back to life. It&#8217;ll bring volatility,&#8221; Saylor stated.
Saylor said he regularly speaks with executives of public and private companies and highlighted initiatives like &#8220;Bitcoin For Corporations,&#8221; which provide expert advice on the benefits of Bitcoin adoption.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41645548/coinbase-on-following-microstrategys-bitcoin-playbook-looking-for-opportunities-says-cfo-b">Coinbase On Following MicroStrategy&#8217;s Bitcoin Playbook: Looking For &#8216;Opportunities,&#8217; Says CFO, But Highlights Key Difference Between The Two Companies</a>
&#8220;So unlike a lot of industries where you don&#8217;t want competitors in our business, we&#8217;re happy to share the playbook. We&#8217;re happy to advocate. We&#8217;ll show you how to do it,&#8221; MicroStrategy&#8217;s top executive remarked.
Why It Matters: MicroStrategy released its third-quarter financials on Tuesday, revealing a robust Bitcoin investment strategy.
The company said it purchased 25,889 BTCs in the quarter for approximately $1.6 billion at an average price of $60,839, taking its overall stash to 252,220, worth $18.23 billion. 
At an average acquisition price of $9.904 billion, MicroStrategy was up nearly $8.3 billion in profit on its Bitcoin investments.
MicroStrategy also announced that it would raise $42 billion over the next three years through equity and debt financing to buy more Bitcoin. 
In August 2020, MicroStrategy became<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41645548/coinbase-on-following-microstrategys-bitcoin-playbook-looking-for-opportunities-says-cfo-b"> the first publicly traded company to acquire and hold Bitcoin</a> on its balance sheet as a primary treasury reserve asset.
Since then, it has gained 1989% in value, surpassing some of the biggest names on Wall Street, including artificial intelligence darling Nvidia. 
Interestingly, the company&#8217;s stock has also outperformed Bitcoin, with the leading cryptocurrency gaining just 508% in the said period.
That said, the company&#8217;s net loss widened to $340 million, compared with a loss of $143.4 million in the same quarter last year.
Price Action: At the time of writing, Bitcoin was exchanging hands at $72,173.91, down 0.40% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;Shares of MicroStrategy closed 4.23% lower at $247.31 during Tuesday&#8217;s regular session. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41629253/satoshi-nakamoto-could-soon-be-surpassed-by-blackrock-grayscale-as-top-bitcoin-holder">Satoshi Nakamoto Could Soon Be Surpassed By BlackRock, Grayscale As Top Bitcoin Holder</a></li>
</ul>
Image: Master Tux from Pixabay

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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MSFT

MSTR

Michael Saylor Says Bitcoin Remedy To Fix Unhealthy Balance Sheets As MicroStrategy Unveils Massive $42B BTC Purchase Plan

<a href="https://www.bloomberg.com/news/articles/2024-10-29/blackrock-talks-to-buy-private-credit-firm-hps-said-to-advance">https://www.bloomberg.com/news/articles/2024-10-29/blackrock-talks-to-buy-private-credit-firm-hps-said-to-advance</a>
&nbsp;
BlackRock Inc. is in advanced talks to buy HPS Investment Partners, emerging as the only suitor in active talks with the firm as the world's largest asset manager seeks to compete in the fast-growing private credit industry.

Reported October 29, 2024, 'BlackRock Talks to Buy Private-Credit Firm HPS Advance' - Bloomberg News

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$28.00</td>
<td>$28.7K</td>
<td>21.5K</td>
<td>14.6K</td>
</tr>
<tr>
<td>GPN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$105.00</td>
<td>$72.1K</td>
<td>4.0K</td>
<td>3.8K</td>
</tr>
<tr>
<td>BWIN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$50.00</td>
<td>$28.5K</td>
<td>20</td>
<td>782</td>
</tr>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$63.00</td>
<td>$26.6K</td>
<td>542</td>
<td>578</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$200.00</td>
<td>$31.5K</td>
<td>1.9K</td>
<td>223</td>
</tr>
<tr>
<td>DFS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/01/24</td>
<td>$145.00</td>
<td>$35.7K</td>
<td>230</td>
<td>206</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$220.00</td>
<td>$29.7K</td>
<td>227</td>
<td>189</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$140.00</td>
<td>$39.3K</td>
<td>21</td>
<td>179</td>
</tr>
<tr>
<td>BLK</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$790.00</td>
<td>$40.4K</td>
<td>64</td>
<td>2</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a call option sweep that happens to be bearish, expiring in 16 day(s) on November 15, 2024. This event was a transfer of 120 contract(s) at a $28.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $240.0 per contract. There were 21592 open contracts at this strike prior to today, and today 14607 contract(s) were bought and sold. 
• For GPN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>), we notice a call option sweep that happens to be bearish, expiring in 51 day(s) on December 20, 2024. This event was a transfer of 176 contract(s) at a $105.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $72.1K, with a price of $410.0 per contract. There were 4001 open contracts at this strike prior to today, and today 3894 contract(s) were bought and sold. 
• For BWIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWIN#NASDAQ">BWIN</a>), we notice a put option sweep that happens to be bearish, expiring in 51 day(s) on December 20, 2024. This event was a transfer of 47 contract(s) at a $50.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $28.5K, with a price of $610.0 per contract. There were 20 open contracts at this strike prior to today, and today 782 contract(s) were bought and sold. 
• Regarding WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we observe a put option sweep with bearish sentiment. It expires in 9 day(s) on November 8, 2024. Parties traded 399 contract(s) at a $63.00 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $26.6K, with a price of $67.0 per contract. There were 542 open contracts at this strike prior to today, and today 578 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on November 1, 2024. This event was a transfer of 15 contract(s) at a $200.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $2103.0 per contract. There were 1952 open contracts at this strike prior to today, and today 223 contract(s) were bought and sold. 
• For DFS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>), we notice a call option sweep that happens to be neutral, expiring in 2 day(s) on November 1, 2024. This event was a transfer of 34 contract(s) at a $145.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $35.7K, with a price of $1050.0 per contract. There were 230 open contracts at this strike prior to today, and today 206 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a call option trade that happens to be bearish, expiring in 9 day(s) on November 8, 2024. This event was a transfer of 40 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $29.7K, with a price of $744.0 per contract. There were 227 open contracts at this strike prior to today, and today 189 contract(s) were bought and sold. 
• For BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we notice a put option sweep that happens to be bearish, expiring in 324 day(s) on September 19, 2025. This event was a transfer of 60 contract(s) at a $140.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $39.3K, with a price of $655.0 per contract. There were 21 open contracts at this strike prior to today, and today 179 contract(s) were bought and sold. 
• Regarding BLK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), we observe a call option trade with neutral sentiment. It expires in 79 day(s) on January 17, 2025. Parties traded 2 contract(s) at a $790.00 strike. The total cost received by the writing party (or parties) was $40.4K, with a price of $20215.0 per contract. There were 64 open contracts at this strike prior to today, and today 2 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BWIN

COIN

HOOD

9 Financials Stocks Whale Activity In Today's Session

A new suggests that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) may surge to $101,694 by January 27, 2025, buoyed by strong market momentum and increasing <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41596516/bitcoin-clips-71-500-as-wall-street-etf-inflows-fuel-bullish-momentum-whats-next">institutional demand through spot ETFs</a>.
What Happened: The report, by 10x Research, highlights Bitcoin&#8217;s resilience as it reached a six-month high, a milestone that has historically led to a median three-month return of +40%. If this trend holds, Bitcoin is expected to cross the $100,000 mark early next year.
"We're seeing Bitcoin absorb market energy from altcoins, much like a gravitational black hole," 10x Research analysts noted. 
Bitcoin dominance, the percentage of the total crypto market cap that Bitcoin represents, has climbed from 38% to 58%, its highest level since April 2021. 
This dominance signals a "powerful gravitational pull" within the crypto ecosystem, where Bitcoin is increasingly viewed as a safer, more reliable asset compared to altcoins, especially those lacking substantial use cases.
The report attributes this growing momentum partly to the ongoing surge in <a href="https://www.benzinga.com/topic/bitcoin-etf">Bitcoin spot ETFs</a>, which accumulated $4.1 billion in October 2024 alone.
Spot ETFs added an additional $830 million in Bitcoin just last night, bringing their five-day total to $2.1 billion, reinforcing Bitcoin's demand from institutional investors. 
&#8220;With spot ETF demand going parabolic, Bitcoin is set to follow suit,&#8221; the report stated. Analysts expect this trend to propel Bitcoin toward the $100,000 mark, with January 2025 as a critical timeline for achieving this milestone.
According to <a href="https://sosovalue.xyz/assets/etf/us-btc-spot">data</a> from SoSo Value, Bitcoin spot ETF had a total net inflow of $870 million on Oct. 29, the highest single-day net inflow since June 5.
The highest secondary net inflow was $1.05 billion on Mar. 12, and the second highest was $887 million on Jun. 4.
BlackRock&#8217;s ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) had an inflow of $643 million and Fidelity&#8217;s ETF (CBOE: FBTC) had an inflow of $134 million, on Oct. 29.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41624060/jd-vances-interview-with-joe-rogan-will-likely-mention-the-cia-jfk-and-one-other-controver">JD Vance&#8217;s Interview With Joe Rogan Will Likely Mention The CIA, JFK And One Other Controversial Topic, Polymarket Traders Speculate</a>
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) spot ETFs had a total net inflow of $7.65 million.
The total net asset value of the Bitcoin spot ETFs is $72.5 billion, and the market value of the ETF&#8217;s net assets accounts for 5.07% of the total market value of Bitcoin, which is the first time in history that it has exceeded 5%.
Unlike in March 2024, when crypto exchanges saw significant BTC inflows—often a precursor to selling—the current data suggests minimal selling pressure even as Bitcoin approaches its previous all-time highs. 
This relative scarcity of sellers reflects a broader shift in sentiment, positioning Bitcoin not as a speculative asset but as a "buy-and-hold hedge," as advocated by BlackRock's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) CEO Larry Fink.
Meanwhile, analysts at QCP Capital highlighted the impact of rising Bitcoin demand through spot ETFs, which acquired an impressive $4.1 billion in October alone, along with an additional $830 million in just the past five days. 
&#8220;With ETF demand going parabolic, Bitcoin is set to follow suit,&#8221; 10x Research stated, noting this influx as a significant driver toward Bitcoin&#8217;s projected $100,000 milestone. 
QCP Capital added that this "robust inflow into spot ETFs" is among the main catalysts propelling Bitcoin's price upward alongside "fresh monetary easing cycles across major economies" and the potential for <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41624745/bitcoin-is-a-liquid-hedge-donald-trump-winning-the-election-but-dont-count-on-100-000-in-2">a Trump victory</a>.
The prospect of a crypto-friendly president has gained traction in recent weeks, with swing states like Nevada and Pennsylvania reportedly leaning toward Trump. 
With the election results expected soon, the so-called &#8220;<a href="https://www.benzinga.com/news/24/10/41448443/market-very-convinced-of-a-trump-win-says-stanley-druckenmiller-why-billionaire-investor-thinks-blue">Trump Trade</a>&#8221; has contributed to Bitcoin's recent gains, positioning the asset as a potential hedge against the uncertain regulatory landscape that has characterized the current administration.
What&#8217;s Next: The insights from 10x Research are timely as Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event, set for Nov. 19, will gather leading voices in the crypto space to discuss evolving trends in digital finance.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41608795/remember-the-passports-for-bitcoin-initiative-in-el-salvador-its-not-going-so-well">Remember The &#8216;Passports For Bitcoin&#8217; Initiative In El Salvador? It&#8217;s Not Going So Well</a></li>
</ul>
Image: Shutterstock

$ETH

Fidelity Wise Origin Bitcoin Fund Fidelity Wise Origin Bitcoin Fund

FBTC

IBIT

Bitcoin Could Hit $101,694 By January, Says 10x Research

Larry Fink, the CEO of BlackRock Inc., has projected that the <a href="https://www.benzinga.com/topic/federal-reserve">U.S. Federal Reserve</a> will not reduce interest rates as significantly as the market anticipates, citing high &#8220;embedded inflation.&#8221;
What Happened: Speaking at a CEO-packed panel in Riyadh, Saudi Arabia, Fink, who manages a colossal fund of over $10 trillion, forecasted only one rate reduction by the end of 2024, contrary to the two reductions predicted by other market players, <a href="https://www.cnbc.com/2024/10/29/larry-fink-says-the-fed-wont-cut-interest-rates-as-much-as-markets-expect-this-year.html">reported</a> CNBC. 
&#8220;I think it&#8217;s fair to say we&#8217;re going to have at least a 25 (basis-point cut), but, that being said, I do believe we have greater embedded inflation in the world than we&#8217;ve ever seen,&#8221; Fink stated.
He attributed this inflation to government and policy decisions, such as the U.S.&#8217;s recent efforts to reduce reliance on foreign supply chains and invest in domestic jobs. 
These changes, facilitated by the President Joe Biden administration&#8217;s legislation, can lead to higher prices for goods, as American workers are paid more than those in many offshore manufacturing destinations like China.
&#8220;Today, I think we have governmental policies that are embedded inflationary, and, with that being said, we&#8217;re not gonna see interest rates as low as people are forecasting,&#8221; Fink added.
The Fed reduced its benchmark rate by 50 basis points in September, signaling a shift in its management of the U.S. economy and its inflation outlook. Despite this, Fink believes that the Fed will not cut rates as extensively as expected.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41581488/is-s-p-500-headed-for-a-lost-decade-analysts-say-we-may-have-forgotten-about-divide?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Is S&amp;P 500 Headed For A Lost Decade? Analysts Say &#8216;We May Have Forgotten About Dividends&#8217;</a>
Why It Matters: The Fed&#8217;s interest rate decisions have been a hot topic of debate in recent months. Former President Donald Trump&#8216;s economic adviser Kevin Hassett defended the central bank&#8217;s rate cut, citing <a href="https://www.benzinga.com/news/24/10/41400012/trumps-potential-federal-reserve-pick-defends-rate-cuts-after-ex-president-slammed-jerome-powells-mo">a weakening jobs market</a>. 
On the other hand, former Federal Deposit Insurance Corporation Chief Sheila Bair warned against further rate cuts, despite the economy showing positive signs such as increasing wages, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41376158/former-fdic-chief-warns-federal-reserve-to-not-stir-the-pot-with-further-rate-cuts-">a strong stock market, and robust job creation</a>.
Meanwhile, Federal Reserve Governor Adriana Kugler <a href="https://www.benzinga.com/government/24/10/41224292/feds-adriana-kugler-will-support-for-more-rate-cuts-if-inflation-declines">expressed her support</a> for additional interest rate cuts, contingent on continued decreases in inflation. This announcement was made during her speech at the European Central Bank.
On a global scale, the European Central Bank <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41382372/ecb-slashes-rates-again-will-jerome-powell-take-this-as-cue-for-another-fed-rate-">cut interest rates for the third time</a> in a year to stimulate a sluggish economy, shifting its focus from battling inflation to encouraging economic growth.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/partner/economics/24/10/41427434/how-upcoming-presidential-election-could-impact-macroeconomic-lens-and-how-you-could-benefit-cr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How Upcoming Presidential Election Could Impact Macroeconomic Lens, And How You Could Benefit</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Federal Reserve

BlackRock's Larry Fink Warns Against Overly Optimistic Fed Rate Cuts, Cites High 'Embedded Inflation' And Predicts Only 1 Reduction This Year

BlackRock's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) short percent of float has risen 8.13% since its last report. The company recently reported that it has 1.96 million shares sold short, which is 1.33% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.41 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>BlackRock Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730141113_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for BlackRock has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing BlackRock's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, BlackRock's peer group average for short interest as a percentage of float is 3.68%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About BlackRock?

MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) executive chairman Michael Saylor <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41508328/michael-saylor-says-he-supports-self-custody-for-the-willing-able-after-coming-under-fire-">humorously reached out</a> to Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Satya Nadella, suggesting he can help with the company&#8217;s Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) strategy.
What Happened: In a post on <a href="https://x.com/saylor/status/1849790766945587241">X</a> on Friday, Saylor advised Nadella that if he's interested in creating the next trillion-dollar opportunity, he should reach out. This comes as Microsoft, per an SEC <a href="https://www.sec.gov/Archives/edgar/data/789019/000119312524242884/d878959ddefa14a.htm">filing</a>, prepares to discuss a possible Bitcoin investment at its December shareholder meeting.
MicroStrategy, despite being much smaller, has outperformed Microsoft by 313% largely due to its Bitcoin holdings. The company&#8217;s total bitcoin <a href="https://treasuries.bitbo.io/microstrategy/#:~:text=MicroStrategy%20owns%20252%2C220%20bitcoins%20as,cost%20of%20%249.91%20billion%20USD.">holdings</a> as of Oct. 20 stand at 252,220, worth $9.91 billion. 
Microsoft's second-largest shareholder, BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), has already shown confidence in Bitcoin, offering its clients a Bitcoin ETF.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41444638/michael-saylor-wants-to-give-away-his-assets-just-like-satoshi-left-a-million-bitcoin-to-t">Michael Saylor Wants To Give Away His Assets &#8216;Just Like Satoshi Left A Million Bitcoin To The Universe:&#8217; &#8216;I&#8217;m Leaving Whatever I&#8217;ve Got To The Civilization&#8217;</a>
Why It Matters: Saylor's message highlights MicroStrategy's strong performance amid its heavy Bitcoin investments, with the company's stock up 444% over the past year, including a 244% YTD increase.
Investor confidence in MicroStrategy recently grew as BlackRock raised its stake in the company to 5.2%, making MicroStrategy a key entry point for institutional Bitcoin exposure.
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41396724/microstrategy-boss-michael-saylor-taunts-bitcoin-doubters-challenges-them-to-short-company">MicroStrategy Boss Michael Saylor Taunts Bitcoin Doubters, Challenges Them To Short Company&#8217;s Stock: &#8216;I Want You To Love Us If You Really Hate BTC&#8217;</a></li>
</ul>
Image: Shutterstock

Michael Saylor's Proposal To Microsoft CEO Satya Nadella: 'If You Want To Make The Next Trillion Dollars For Shareholders, Call Me'

MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) continues its upward sprint, reaching a 52-week high of $236.29 during Thursday trading, with investors <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41536822/microsoft-shareholders-want-it-to-buy-bitcoin-say-microstrategy-shares-outperformed">rallying behind the stock.</a>
The stock's meteoric rise—up 55% in the past month and 244% year-to-date—signals renewed investor confidence in the company's strategic mix of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) investments and AI-powered software advancements. Over the past year, MicroStrategy has soared an incredible 444%, and many are betting that this momentum will keep going.
<h2 class="wp-block-heading">BlackRock Bets Big On MicroStrategy</h2>
A significant driver of the optimism comes from BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), which recently expanded its stake to 5.2% in MicroStrategy, effectively placing a larger bet on the company's unique positioning as a gateway for institutional investors to gain Bitcoin exposure. 
With Bernstein analysts projecting Bitcoin could reach <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41498194/bitcoin-could-hit-200-000-by-2025-driven-by-institutional-demand-and-etfs-bernstein" target="_blank" rel="noreferrer noopener">$200,000 by the end 2025</a>, it seems BlackRock is bullish on the long-term outlook for both crypto and MicroStrategy.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41541900/bitcoin-price-stalls-below-68-000-but-the-bull-market-is-going-to-last-longer-says-industr">Bitcoin Price Stalls Below $68,000, But: &#8216;The Bull Market Is Going To Last Longer,&#8217; Says Industry Expert</a>
<h2 class="wp-block-heading">Peter Schiff's Grim Prediction</h2>
However, not everyone is celebrating. Noted Bitcoin critic Peter Schiff has made headlines again, calling MSTR "the most overvalued stock in the MSCI World Index." Schiff warns that when the stock eventually crashes, <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41478505/peter-schiff-predicts-a-bloodbath-for-microstrategy-stock-calls-it-the-most-overvalued-on-" target="_blank" rel="noreferrer noopener">it'll be a "real bloodbath."</a>
Known for advocating gold over Bitcoin, Schiff has long argued that crypto lacks the intrinsic value needed to sustain its current valuations. His sharp criticism adds a dose of skepticism to an otherwise optimistic narrative.
<h2 class="wp-block-heading">MSTR Stock Chart Shows Strong Bullish Momentum</h2>
On the technical front, all signs point to further upside for MicroStrategy stock. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="455" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25071809/Screenshot-2024-10-25-at-4.47.55-PM.png" alt="" class="wp-image-614143" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25071809/Screenshot-2024-10-25-at-4.47.55-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25071809/Screenshot-2024-10-25-at-4.47.55-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102524&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The stock is currently trading well above its eight-, 20-, and 50-day simple moving averages, reflecting strong buying pressure and a bullish trend that shows no signs of weakening.
With the share price at $235.89, MicroStrategy stock's eight-day simple moving average sits at $210.78, signaling continued strength. Similarly, the 20-day simple moving average is $193.16, and the 50-day SMA is $159.06, indicating that momentum is solid.
<h2 class="wp-block-heading">A Bullish Long-Term Trend</h2>
The long-term trend is equally bullish. MicroStrategy's 200-day simple moving average is at $134.65, far below the current share price.
The Moving Average Convergence Divergence (MACD) indicator stands at 18.66, another indicator of a buy signal, while the Relative Strength Index (RSI) is 73.13, which indicates the stock is in overbought territory.
<h2 class="wp-block-heading">A Tense Tug-of-War Between Bulls and Bears</h2>
Despite some warning signs—like the RSI suggesting possible overheating—the overall outlook for MicroStrategy remains positive, at least for now. The company's dual focus on Bitcoin and enterprise AI is winning over institutional players like BlackRock, while skeptics like Schiff continue to warn of an impending collapse.
Will BlackRock's vote of confidence prove wise, or is Schiff's doomsday prediction around the corner? For now, MSTR is flying high, but in the wild world of Bitcoin, things can change in a flash.
Read Next: <a href="https://www.benzinga.com/news/24/10/41505138/lucid-ceo-throws-cold-water-on-teslas-robotaxi-vision-says-self-driving-cars-wont-happen-till-the-20">Lucid CEO Throws Cold Water On Tesla&#8217;s Robotaxi Vision, Says Self-Driving Cars Won&#8217;t Happen &#8216;Till The 2030s&#8217;</a>
Photo: DCStockPhotography/Shutterstock

Technicals

Tech

MicroStrategy Pushes Higher As BlackRock Buys In, But Peter Schiff Sees A Crash Ahead

Investors with a lot of money to spend have taken a bullish stance on BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BLK, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 13 uncommon options trades for BlackRock.
This isn't normal.
The overall sentiment of these big-money traders is split between 61% bullish and 23%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $357,130, and 5 are calls, for a total amount of $341,620.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $700.0 and $1060.0 for BlackRock, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for BlackRock's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of BlackRock's whale activity within a strike price range from $700.0 to $1060.0 in the last 30 days. 
<h3>BlackRock Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729695638_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BLK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$40.5</td>
<td>$36.2</td>
<td>$39.0</td>
<td>$990.00</td>
<td>$195.0K</td>
<td style="text-align: right;">54</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>BLK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$91.0</td>
<td>$86.6</td>
<td>$91.0</td>
<td>$1060.00</td>
<td>$91.0K</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>BLK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$100.8</td>
<td>$94.0</td>
<td>$96.1</td>
<td>$900.00</td>
<td>$48.0K</td>
<td style="text-align: right;">126</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>BLK</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/22/24</td>
<td>$21.9</td>
<td>$20.0</td>
<td>$20.9</td>
<td>$990.00</td>
<td>$43.8K</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>BLK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$42.3</td>
<td>$37.8</td>
<td>$39.6</td>
<td>$1000.00</td>
<td>$39.6K</td>
<td style="text-align: right;">109</td>
<td style="text-align: right;">20</td>
</tr>
</tbody>
</table>

<h3>About BlackRock</h3>
BlackRock is the largest asset manager in the world, with $11.475 trillion in assets under management at the end of September 2024. Its product mix is fairly diverse, with 55% of managed assets in equity strategies, 26% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada.
After a thorough review of the options trading surrounding BlackRock, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>BlackRock's Current Market Status</h3>
<ul>
<li>With a volume of 75,765, the price of BLK is down -0.27% at $998.09. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 79 days.</li>
</ul>
<h3>Professional Analyst Ratings for BlackRock</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $1026.6.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Goldman Sachs persists with their Buy rating on BlackRock, maintaining a target price of $1040. 
&#x2A; Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on BlackRock with a target price of $914. 
&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on BlackRock with a target price of $1245. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on BlackRock, which currently sits at a price target of $1070. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for BlackRock, targeting a price of $864. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for BlackRock with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

This Is What Whales Are Betting On BlackRock

MKTW

MarketWise 13G Filing Shows BlackRock Reported A 5.2% Stake In The Co As Of September 30, 2024

Throughout the last three months, 16 analysts have evaluated BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), offering a diverse set of opinions from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">11</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $1023.88, a high estimate of $1245.00, and a low estimate of $864.00. Witnessing a positive shift, the current average has risen by 6.17% from the previous average price target of $964.36.
<img src="https://www.benzinga.com/files/images/story/2024/1729533646_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive BlackRock. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Kenneth Worthington</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$914.00</td>
<td>$864.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1120.00</td>
<td>$1010.00</td>
</tr>
<tr>
<td>Glenn Schorr</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1040.00</td>
<td>$995.00</td>
</tr>
<tr>
<td>Mike Cyprys</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1245.00</td>
<td>$1150.00</td>
</tr>
<tr>
<td>Bill Katz</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$1077.00</td>
<td>$960.00</td>
</tr>
<tr>
<td>Michael Brown</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1070.00</td>
<td>$1000.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1010.00</td>
<td>$990.00</td>
</tr>
<tr>
<td>Mike Cyprys</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1150.00</td>
<td>$1036.00</td>
</tr>
<tr>
<td>Glenn Schorr</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$995.00</td>
<td>$945.00</td>
</tr>
<tr>
<td>Alexander Blostein</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$1040.00</td>
<td>$960.00</td>
</tr>
<tr>
<td>Kenneth Worthington</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$864.00</td>
<td>$774.00</td>
</tr>
<tr>
<td>Michael Brown</td>
<td>Wells Fargo</td>
<td>Announces</td>
<td>Overweight</td>
<td>$1000.00</td>
<td>-</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$990.00</td>
<td>$985.00</td>
</tr>
<tr>
<td>Glenn Schorr</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$945.00</td>
<td>$920.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Announces</td>
<td>Overweight</td>
<td>$985.00</td>
<td>-</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$937.00</td>
<td>$912.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to BlackRock. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of BlackRock compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for BlackRock's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into BlackRock's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BLK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on BlackRock analyst ratings.</a>
<h2>Delving into BlackRock's Background</h2>
BlackRock is the largest asset manager in the world, with $11.475 trillion in assets under management at the end of September 2024. Its product mix is fairly diverse, with 55% of managed assets in equity strategies, 26% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada.
<h3>Breaking Down BlackRock's Financial Performance</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: BlackRock displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 7.66%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 31.11%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): BlackRock's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.75%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): BlackRock's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.2%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: BlackRock's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.29.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 16 Analyst Recommendations For BlackRock

Macro Economic Events

BlackRock's Fink Says I'm Not Thinking About My Retirement Yet; Both Parties Guilty For Wide U.S. Deficit; We Do Not Need To Enhance Our Deficit, Private Capital Can Help U.S. Growth; Growth Of Private Credit Market A Net Real Positive For U.S. Economy

JP Morgan analyst Kenneth Worthington maintains BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) with a Neutral and raises the price target from $864 to $914.

JP Morgan Maintains Neutral on BlackRock, Raises Price Target to $914

Property tokenization was gaining traction among cryptocurrency enthusiasts as a novel way to real estate investment, as the broader narrative of putting real-world assets on blockchain rails gathers steam.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21022746/image-172-1024x585.png" alt="" class="wp-image-604445" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21022746/image-172-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21022746/image-172-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21022746/image-172-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21022746/image-172-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21022746/image-172.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
What Happened: The <a href="https://www.globalpropertyguide.com/most-expensive-cities">high </a>property prices in major cities like London and New York have made direct property investment increasingly unaffordable, paving the way for tokenized real estate as a viable alternative, according to a Financial Times <a href="https://www.ft.com/content/cf036ebf-6f4e-474f-a1ef-ca7179b712b0">report</a>.
Unlike real estate investment trusts (REITs) that own or finance large clusters of commercial and residential buildings, tokenized real estate allows for small-scale investment in individual properties.
In property tokenization, assets such as houses or hotels are divided into digital tokens that signify ownership. These tokens, which contain details like the asset&#8217;s ownership history and regulatory information, are stored on a blockchain, serving as a digital ledger.
When a real estate asset is fractionalized during tokenization, its liquidity increases. So instead of selling the entire property at once, owners of tokenized sections can sell their tokens fast, resulting in a swift change of ownership.
Additionally, due to blockchain technology, the market remains open 24&#215;7 and with comparatively higher levels of transparency.
It's really the question of convenience because the asset becomes liquid, it becomes tradable 24/7, and a global pool of investors have access to it." Max Dilendorf, a New York-based digital assets lawyer, told FT. 
According to Prophecy Market Insights, the real estate tokenization market was valued at $3.8 billion in 2024 and is <a href="https://www.prophecymarketinsights.com/market_insight/Global-Real-Estate-Tokenization-Market-4857">expected </a>to reach $26 billion by 2034 with a compound annual growth rate (CAGR) of 2.90%.
Some of the biggest players in the industry as of this writing were Lofty, RealT, and HouseBit.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41308908/man-who-accidentally-threw-hard-drive-containing-8-000-bitcoins-worth-half-a-billion-dolla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill Sues Local City Council For Not Excavating The Site</a>
Why It Matters: The rise of property tokenization was part of a larger narrative of real-world asset (RWA) tokenization that has emerged as the hottest cryptocurrency trend this year. 
The world&#8217;s largest asset manager, BlackRock entered the sector with the introduction of its <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39863203/blackrocks-buidl-tokenization-fund-hits-500m-in-assets-under-management">tokenized U.S. Treasury product</a>, BUIDL, built atop Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), earlier this year. The fund <a href="https://app.rwa.xyz/assets/BUIDL">boasted</a> of a market valuation of over $550 million as of this writing, according to Rwa.xyz, a platform that tracks the tokenized asset market.
Anthony Moro, CEO of Provenance Blockchain Labs and a known industry expert, <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41330879/tokenization-on-track-to-reach-trillion-dollar-market-by-2030-says-industry-expert">predicted tokenization to become a trillion-dollar market by 2030.</a>
Image generated with DALL_E 3
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Expensive Real Estate Putting You Off From Investing? Blockchain-Backed Property Tokenization Could Be An Alternative — What You Should Know

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SOFI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$10.00</td>
<td>$26.9K</td>
<td>2.3K</td>
<td>5.4K</td>
</tr>
<tr>
<td>AIG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$85.00</td>
<td>$44.7K</td>
<td>9</td>
<td>1.3K</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$64.00</td>
<td>$40.0K</td>
<td>2.4K</td>
<td>759</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$280.00</td>
<td>$63.5K</td>
<td>1.3K</td>
<td>691</td>
</tr>
<tr>
<td>AFRM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$40.00</td>
<td>$49.0K</td>
<td>2.7K</td>
<td>453</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$530.00</td>
<td>$37.7K</td>
<td>589</td>
<td>175</td>
</tr>
<tr>
<td>ERIE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$520.00</td>
<td>$396.0K</td>
<td>0</td>
<td>150</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$100.00</td>
<td>$75.2K</td>
<td>3.4K</td>
<td>118</td>
</tr>
<tr>
<td>C</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$70.00</td>
<td>$58.0K</td>
<td>685</td>
<td>80</td>
</tr>
<tr>
<td>BLK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$950.00</td>
<td>$54.3K</td>
<td>60</td>
<td>46</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we observe a put option sweep with bearish sentiment. It expires in 14 day(s) on November 1, 2024. Parties traded 421 contract(s) at a $10.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $26.9K, with a price of $64.0 per contract. There were 2338 open contracts at this strike prior to today, and today 5442 contract(s) were bought and sold. 
• Regarding AIG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), we observe a call option sweep with bullish sentiment. It expires in 63 day(s) on December 20, 2024. Parties traded 389 contract(s) at a $85.00 strike. This particular call needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $44.7K, with a price of $115.0 per contract. There were 9 open contracts at this strike prior to today, and today 1317 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on October 25, 2024. This event was a transfer of 400 contract(s) at a $64.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $40.0K, with a price of $100.0 per contract. There were 2447 open contracts at this strike prior to today, and today 759 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option trade with bullish sentiment. It expires in 63 day(s) on December 20, 2024. Parties traded 56 contract(s) at a $280.00 strike. The total cost received by the writing party (or parties) was $63.5K, with a price of $1135.0 per contract. There were 1302 open contracts at this strike prior to today, and today 691 contract(s) were bought and sold. 
• Regarding AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we observe a put option sweep with bearish sentiment. It expires in 154 day(s) on March 21, 2025. Parties traded 86 contract(s) at a $40.00 strike. This particular put needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $49.0K, with a price of $570.0 per contract. There were 2717 open contracts at this strike prior to today, and today 453 contract(s) were bought and sold. 
• Regarding GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we observe a call option trade with bearish sentiment. It expires in 28 day(s) on November 15, 2024. Parties traded 25 contract(s) at a $530.00 strike. The total cost received by the writing party (or parties) was $37.7K, with a price of $1511.0 per contract. There were 589 open contracts at this strike prior to today, and today 175 contract(s) were bought and sold. 
• For ERIE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>), we notice a call option trade that happens to be bearish, expiring in 154 day(s) on March 21, 2025. This event was a transfer of 150 contract(s) at a $520.00 strike. The total cost received by the writing party (or parties) was $396.0K, with a price of $2640.0 per contract. There were 0 open contracts at this strike prior to today, and today 150 contract(s) were bought and sold. 
• For MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we notice a call option trade that happens to be bullish, is expiring today. Parties traded 37 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $75.2K, with a price of $2035.0 per contract. There were 3461 open contracts at this strike prior to today, and today 118 contract(s) were bought and sold. 
• For C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we notice a put option sweep that happens to be bullish, expiring in 28 day(s) on November 15, 2024. This event was a transfer of 80 contract(s) at a $70.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $58.0K, with a price of $729.0 per contract. There were 685 open contracts at this strike prior to today, and today 80 contract(s) were bought and sold. 
• For BLK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), we notice a put option trade that happens to be bearish, expiring in 336 day(s) on September 19, 2025. This event was a transfer of 10 contract(s) at a $950.00 strike. The total cost received by the writing party (or parties) was $54.3K, with a price of $5430.0 per contract. There were 60 open contracts at this strike prior to today, and today 46 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AFRM

ERIE

SOFI

10 Financials Stocks Whale Activity In Today's Session

BlackRock, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>)&nbsp;reportedly plans&nbsp;to establish a private credit venture with Indian billionaire and the richest Asian Mukesh Ambani&#8217;s<a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/10/41323418/blackrock-ceo-larry-fink-says-bitcoin-other-cryptos-have-bright-future-regardless-of-wheth" rel="noreferrer noopener">&nbsp;</a>Jio Financial Services Ltd<a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/10/41323418/blackrock-ceo-larry-fink-says-bitcoin-other-cryptos-have-bright-future-regardless-of-wheth" rel="noreferrer noopener">.</a>
Bloomberg, citing people familiar with the <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-10-16/blackrock-in-talks-with-ambani-for-india-private-credit-venture?sref=TBDibEcD" rel="noreferrer noopener">discussions</a>, reported that the company is planning to expand into the direct lending space in India.
Earlier this month, the companies received approval from India&#8217;s market regulator to serve as co-sponsors and establish a mutual fund business, reported Reuters.
It will be a 50-50 joint venture that will give loans from large companies to startups.
If the parties proceed toward the deal, it will be BlackRock&#8217;s third venture with Ambani after collaborating to create asset management and stock broking enterprises in the country.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41358201/whats-going-on-with-trump-related-phunware-stock-today" rel="noreferrer noopener">What&#8217;s Going On With Trump-related Phunware Stock Today?</a>
Given the bright opportunities, firms like Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>),&nbsp;Cerberus Capital Management, and&nbsp;Varde Partners&nbsp;are boosting their footholds in India.
A final decision regarding the venture has yet to be made, and the companies may ultimately choose not to proceed with the partnership, Bloomberg added.
Earlier this month, Blackrock reported third-quarter results, where it registered revenue growth of&nbsp;15% year over year to&nbsp;$5.197 billion.
The company&#8217;s Chairman and CEO, Laurence D. Fink said, &#8220;We are effectively leveraging our technology, scale, and global footprint to deliver profitable growth.&#8221;
BlackRock registered $11.5 trillion in AUM, up $2.4 trillion year-over-year, driven by $456 billion of net inflows and positive market movement.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, BLK stock has gained over 58% in the past year. Investors can gain exposure to the stock via&nbsp;Fidelity Disruptive Finance ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDFF#NASDAQ">FDFF</a>) and&nbsp;Capitol Series Trust The Nightview Fund NITE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NITE#NYSE">NITE</a>).
Price Action: BLK shares are trading higher by 0.96% to $1,016.70 at last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41288867/blackrocks-steady-climb-q3-earnings-beat-projections-assets-under-management-soars-to-11-5t" target="_blank" rel="noreferrer noopener">BlackRock&#8217;s Steady Climb: Q3 Earnings Beat Projections, Assets Under Management Soars To $11.5T</a></li>
</ul>
Image via Shutterstock

Emerging Markets

Movers

Media

FDFF

NITE

BlackRock In Talks To Deepen Ties With Mukesh Ambani For Private Credit Venture

<a href="https://www.bloomberg.com/news/articles/2024-10-16/blackrock-in-talks-with-ambani-for-india-private-credit-venture" title="https://www.bloomberg.com/news/articles/2024-10-16/blackrock-in-talks-with-ambani-for-india-private-credit-venture">https://www.bloomberg.com/news/articles/2024-10-16/blackrock-in-talks-with-ambani-for-india-private-credit-venture</a>

'BlackRock in Talks With Ambani for India Private Credit Venture' - Bloomberg

Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) will release earnings results for its third quarter, before the<a href="https://www.benzinga.com/quote/ms/earnings"> opening bell on Wednesday, Oct. 16</a>.
Analysts expect the New York-based company to report quarterly earnings at $1.58 per share, up from $1.38 per share in the year-ago period. Morgan Stanley projects to report revenue of $14.41 billion for the recent quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Major banks like JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) and BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) delivered results that outpaced analyst forecasts, setting a positive tone for the broader market.
With the recent buzz around Morgan Stanley, some investors may be eyeing potential gains from the company's dividends, too. As of now, Morgan Stanley offers an annual dividend yield of 3.3%, which is a quarterly dividend amount of 92.5 cents per share ($3.70 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $182,118 or around 1,622 shares. For a more modest $100 per month or $1,200 per year, you would need $36,379 or around 324 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($3.70 in this case). So, $6,000 / $3.70 = 1,622 ($500 per month), and $1,200 / $3.70 = 324 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock&#8217;s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
MS Price Action: Shares of Morgan Stanley gained 1.7% to close at $112.28 on Monday. 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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</figure>
Read More: 
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<li><a href="https://www.benzinga.com/markets/24/10/41320317/wall-streets-most-accurate-analysts-weigh-in-on-3-tech-and-telecom-stocks-with-over-4-dividend-yield">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Tech And Telecom Stocks With Over 4% Dividend Yields</a></li>
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Image: Shutterstock

Long Ideas

How To Earn $500 A Month From Morgan Stanley Stock Ahead Of Q3 Earnings

Larry Fink, CEO of the world&#8217;s largest asset manager,&nbsp;BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), said that the future of cryptocurrencies, including Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), will not be influenced by the outcome of the upcoming presidential election.
What Happened: During the company's recent <a href="https://www.benzinga.com/news/earnings/24/10/41288867/blackrocks-steady-climb-q3-earnings-beat-projections-assets-under-management-soars-to-11-5t">third-quarter earnings</a> call, Fink was asked about the potential opportunities for the company in the wake of a more cryptocurrency-friendly administration in Washington, D.C.
In response, Fink said, &#8220;Well, first, I&#8217;m not sure if either president or other candidate would make a difference.&#8221;
He expressed optimism that overall usage of digital currencies will expand nonetheless, as institutions worldwide looked for ways to allocate to the asset class.
&#8220;But I truly don&#8217;t believe it&#8217;s a function of regulation, of more regulation, less regulation. I think it&#8217;s a function of liquidity and transparency,&#8221; Fink added. 
Reaffirming his positive outlook on Bitcoin, Fink deemed it a unique asset class, comparable to commodities like gold, and predicted an expansion in its investment appeal.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41323012/trump-backed-world-liberty-financial-says-dollar-pegged-stablecoin-and-not-bitcoin-is-the-">Trump-Backed World Liberty Financial Says Dollar-Pegged Stablecoin And Not Bitcoin Is The Best Way To &#8216;Make America Great&#8217;</a>
Why It Matters: Fink is known for his <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40937953/larry-fink-defies-blackrocks-largest-shareholder-to-make-a-bold-bet-on-bitcoin-heres-how-h">bold bet on Bitcoin</a>, a marked reversal from his skepticism a few years back. 
BlackRock, which is sitting on assets worth $11.5 trillion, has <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40950912/bitcoins-reserve-asset-appeal-increased-due-to-state-of-us-federal-deficit-and-debt-says-b">advocated for Bitcoin as a safeguard against the U.S. fiscal deficit</a>.
BlackRock&#8217;s&nbsp;iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) has become the world&#8217;s largest Bitcoin investment fund since its launch earlier this year, holding assets worth $24.45 billion, according to SoSo Value. 
Price Action: At the time of writing, Bitcoin was exchanging hands at $65,470.43, up 2.24% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Shares of BlackRock closed 0.19% higher at $992.18 during Monday&#8217;s trading session.
Image via Flickr/ Jolanda Flubacher
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41308908/man-who-accidentally-threw-hard-drive-containing-8-000-bitcoins-worth-half-a-billion-dolla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Man Who Accidentally Threw Hard Drive Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill Sues Local City Council For Not Excavating The Site</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Blackrock CEO Larry Fink Says Bitcoin, Other Cryptos Have Bright Future Regardless Of Whether Trump Or Harris Becomes President

BlackRock, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) reported better-than-expected<a href="https://www.benzinga.com/quote/BLK/earnings"> third-quarter results on Friday</a>.
Revenue growth of 15% Y/Y to $5.197 billion, beating the consensus of $5.007 billion. Adjusted EPS increased 5% Y/Y to $11.46, beating the consensus of $10.38.
Laurence D. Fink, Chairman and CEO, said, "Through coordinated investments and initiatives, we are evolving our private markets capabilities to best serve our clients. We're already seeing the power of BlackRock and GIP together as we drive access to the enormous investment potential of infrastructure, especially to support AI innovation."
BlackRock shares gained 0.3% to trade at $993.33 on Monday.
These analysts made changes to their price targets on BlackRock following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ca96e2b85e930001f446d3/michael-cyprys">Morgan Stanley analyst Mike Cyprys</a> maintained BlackRock with an Overweight and raised the price target from $1,150 to $1,245.</li>
<li>Evercore ISI Group analyst Glenn Schorr maintained BlackRock with an Outperform and raised the price target from $995 to $1,040.</li>
<li>Barclays analyst Benjamin Budish maintained the stock with an Overweight and increased the price target from $1,010 to $1,120..</li>
</ul>
Considering buying BLK stock? Here&#8217;s what analysts think:
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<li><a href="https://www.benzinga.com/news/24/10/41312982/this-caterpillar-analyst-turns-bearish-here-are-top-5-downgrades-for-monday">This Caterpillar Analyst Turns Bearish; Here Are Top 5 Downgrades For Monday</a></li>
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