What changed
$BLK — BUY 📊
BlackRock, Inc. is a publicly owned investment manager.
🎯 Q1 FY26 | Rev $7B | EPS $12.53 vs $11.46 🟢 | Margin 42.0%
💡 Consensus likely underestimated organic growth and margin expansion. The 9.4% EPS beat and 27% revenue growth suggest a positive inflection in asset flows and fee income that is not fully reflected in forward estimates.
📉 Reward/Risk: 1.75:1
🏢 Business Quality: 8/10 - BlackRock is the world's largest asset manager with a sticky, recurring fee-based revenue model, strong ETF franchise (iShares), and technology platform (Aladdin). High barriers to entry, diversified AUM, and consistent capital return policy support a high-quality profile, though sensitive to market levels.
📊 Valuation: fair - Using TTM P/E of ~18.8x (annualized net income from reported quarter) vs.
Also in play: $IVZ $BEN $TROW $AMP $APO $MSCI