BlackRock (NYSE: BLK) reported fourth-quarter 2020 financial results before the regular trading hours on Thursday. The banking giant reported a 13% growth in Q4 revenue to $4.48 billion, surpassing the Wall Street consensus. The company reported an adjusted net income of $10.18 per share, better than what analysts had anticipated.
BLK shares gained 0.9% immediately following the announcement. The stock has gained 50% since the beginning of this year.
CEO Laurence D. Fink, said, “Our strategic areas of investment flourished in 2020 as we saw record client demand for active equity, sustainable, cash and alternative investment strategies, generated $185 billion of net inflows into iShares ETFs and surpassed $1 billion in technology services revenue.”
The Coca-Cola Company (NYSE: KO) reported first-quarter 2021 financial results before the regular market hours on Monday. The beverage manufacturer reported fourth-quarter revenue of $9 billion, up 5% year-over-year. The
The market rally gathered pace this week amid impressive quarterly results, led by the banking sector, and positive economic data. Leading stock indexes continued their winning streak, with S&P 500
Leading Wall Street banks recorded robust earnings in the early months of fiscal 2021 with the results benefiting from the release of credit loss reserves, in most cases. Taking advantage