BlackRock is solid as a rock - Tom Taulli

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BlackRock is solid as a rock
Oct 20, 2009 06:20 PM UTC

Tom Taulli

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Via BloggingStocks:

Filed under: Earnings reports

Despite the economic environment, BlackRock (NYSE: BLK) has a knack for what works. It's a testament to its people, as well as its singular focus on asset management. No doubt, such things were crucial for allowing BlackRock to thrive during the financial disarray over the past year.

Now, as the markets stabilize, BlackRock is there to reap the rewards. In fact, according to the firm's Q3 report, earnings spiked 46% to $317 million, or $2.27 per share (although, a part of this came from a tax benefit).

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BlackRock is solid as a rock originally appeared on BloggingStocks on Tue, 20 Oct 2009 13:20:00 EST. Please see our terms for use of feeds.

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