BlackRock Inc (BLK): Today's Featured Financial Services Winner
(
) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day up 0.2%. By the end of trading, BlackRock Inc rose $1.20 (0.8%) to $161.03 on average volume. Throughout the day, 816,756 shares of BlackRock Inc exchanged hands as compared to its average daily volume of 968,000 shares. The stock ranged in a price between $158.91-$162.79 after having opened the day at $159.55 as compared to the previous trading day's close of $159.83. Other companies within the Financial Services industry that increased today were:
Ameritrans Capital Corporation
(
), up 20%,
(
), up 16.1%,
Millennium India Acquisition Company Incor
(
), up 14.3%, and
White River Capital Inc
(
RVR
), up 12.3%.
BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. BlackRock Inc has a market cap of $27.06 billion and is part of the
sector. The company has a P/E ratio of 11.9, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 16.1% year to date as of the close of trading on Monday.
TheStreet Ratings rates BlackRock as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.
- You can view the full BlackRock Ratings Report.
On the negative front,
(
), down 9.3%,
(
), down 8.6%,
Ampal-American Israel Corporation
(
), down 6.6%, and
(
), down 6.4%, were all losers within the financial services industry with
(
) being today's financial services industry loser.
- Use our financial services section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider
(
) while those bearish on the financial services industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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