Blackrock, Inc. (BLK)

[nowwhat2]

What, like - The party is over for gold y'mean (if it's up by a few bucks tonight) ?









Okay, so what're the odds that the gold price pulls back ?....Where if this here starts climbing then that's what is happening



Hate it when people can't see the trees thru the forest (or sumpthin' to that effect)




Is the US dollar plunging on down thru that line ?......



because if so.....That'd be awfully good for gold stocks

[Lowjack]

Turn out the lights, the party is over!

[tw0122]

money.

[tw0122]

Powell is a member of that one percent class. According to his 2019 financial disclosure, his net worth could run as high as $55 million. Much of his investments are with Goldman Sachs (a Wall Street bank that is supervised by the Fed) or with BlackRock and its iShares Exchange Traded Funds (ETFs). The government mandated financial disclosures report investment values in a range. The upper value of Powell’s holdings with BlackRock is $11.6 million. The upper range of Powell’s holdings with Goldman Sachs is $16.55 million. The name Goldman Sachs has been shortened to “GS” in the disclosure document.

These would appear to be large conflicts of interest. BlackRock has been selected to manage the unprecedented buying of both investment grade and junk bonds on behalf of the Fed to the tune of approximately $750 billion according to the most recent term sheet from the Fed. Even more conflicted, the Fed will allow BlackRock to buy up its own sinking junk bond ETFs using taxpayer and Fed

[whytestocks]

News: $BLK Why PNC May Use a Different M&A Playbook Than It Did During the Great Recession

In 2008, amid the Great Recession, PNC Financial Services Group (NYSE: PNC) acquired National City Corp. in a deal that valued National City at $7 billion less than its tangible book value, according to The Wall Street Journal . The deal is considered to be a success by many, and PNC's CEO...

Read the whole news BLK - Why PNC May Use a Different M&A Playbook Than It Did During the Great Recession

[nowwhat2]

"We're seeing an economy that is almost bipolar," BlackRock's Mr. Fink said. "Some parts of the economy are doing quite well, and some parts are doing quite poorly."

ie. Like ; Stock market trading versus Main Street realities ?

https://ih.advfn.com/stock-market/NYSE/blackrock-BLK/stock-news/82881442/blackrocks-profits-get-lift-from-volatility-wsj

[tw0122]

Why will the Fed use Blackrock to buy stocks in the fake markets? The reason why this would happen is when the market begins to fall precipitously it will erode the paper value of people’s 401k accounts. This would induce fear and panic, and even cause psychological mindset of not wanting to spend in the economy. Need to keep the rich richer and the poor poorer in the Kingdom of Jerome Powell.

[tw0122]

Blackrock now the Fed’s pet project to buy stocks to lift the fake stock markets as needed.


(Source: Federal Reserve's website)

You can see that according to the Exhibit B, this is the power of attorney language for BlackRock to “manage, supervise, and direct the investments” for the Fed’s account. Clearly, the language in Exhibit B says, “transact in any and all stocks, bonds, cash held for investment and other assets.”

Scott Minerd's opinion -- The Fed will likely buy stocks
Let’s see how well-known financial people are saying about this. Scott Minerd, Global Chief Investment Officer at Guggenheim Partner said in a recent CNBC article, that “a reckoning is coming, and soon. He expects the S&P 500 will retest its March 23 low of 2,237.40 over the next month, potentially crumbling to as low as 1,600.” It should be noted that Minerd is one of the more bearish people on Wall Street right now. Scott Minerd further adds, "there's a point where the Federal Reserve is going to have to pull out a bazooka," Minerd said in an interview. "And I think the option of buying stocks on the part of the Fed is on the table." Clearly, if the stock market does continue to fall due to sustained high unemployment rates, then it would erode confidence among consumers, small businesses and CEOs.

[Lowjack]

Just remember to pull out the blocks on the bottom when you want it to collapse into a steaming pile!

[tw0122]

The SMCCF program began operations on May 12. By May 18 the Fed had spent $1.58 billion buying up ETFs. The ultimate goal of the facility, at this point, is to spend $250 billion on ETFs and secondary market corporate bonds. The U.S. Treasury Department was supposed to hand over $25 billion of taxpayer money to eat losses on the SMCCF program. Instead, without explanation, the latest data from the Fed shows that the Treasury deposited $37.5 billion into the SMCCF, suggesting the program is expecting losses of greater than $25 billion.

The bulk of the purchases of ETFs were those issued by BlackRock, the company to whom the New York Fed has outsourced the program. The Fed is allowing BlackRock to buy up its own, previously sinking, ETFs as well as those of other ETF issuers. The New York Fed gave BlackRock a no-bid contract to run the program as investment manager. But that’s far from the only outrage.

Here’s where you need to pay close attention. The Fed released a list of the Wall Street firms that are selling these ETFs to the Fed’s bailout facility. (See chart above.) The majority of the sellers just happen to be the very same firms that create these ETFs under the title of “Authorized Participants.”

We’ll let James Chen of Investopedia explain what function “Authorized Participants” perform for an ETF. He writes as follows:

“Authorized participants (AP) are one of the major parties at the center of the creation and redemption process for exchange-traded funds (ETF). They provide a large portion of liquidity in the ETF market by obtaining the underlying assets required to create a fund. When there is a shortage of shares in the market, the authorized participant creates more. Conversely, the authorized participant will reduce shares in circulation when supply [exceeds] demand. This can be done with the creation and redemption mechanism that keeps share prices aligned with its underlying net asset value (NAV).

“Authorized participants are responsible for acquiring the securities that the ETF wants to hold…In return, authorized participants receive a block of equally valued shares called a creation unit. Issuers can use the services of one or more authorized participants for a fund. Large and active funds tend to have a greater number of authorized participants. This also differs between various types of funds. Equities, on average, have more participants than bonds, perhaps due to greater trading volume.

“Traditionally, authorized participants are large banks like Bank of America (BAC), JPMorgan Chase (JPM), Goldman Sachs (GS), and Morgan Stanley (MS), among others. They do not receive compensation from a sponsor and have no legal obligation to redeem or create the ETF’s shares. Instead, authorized participants are compensated through activity in the secondary market or service fees collected from clients yearning to execute primary trades.”

That phrase in the above paragraph, highlighting that authorized participants “have no legal obligation to redeem or create the ETF’s shares” is part of the train wreck that is happening right now on Wall Street.

Ayan Bhattacharya and Maureen O’Hara wrote an outstanding paper for the CFA [Chartered Financial Analyst] Institute Research Foundation in January on the dangers of ETFs. They write as follows:

“ ‘Step away risk’ on the part of authorized participants is a concern, with some evidence of reduced authorized participant activity in stressful periods. This issue is especially serious in illiquid markets, where authorized participants are often also the dealers in the underlying markets.

“The use of ETFs as cash substitutes by money market funds and other investment products raises the prospect of problems in ETFs spreading to other markets.

“ETFs based on illiquid, nontransparent markets can face rebalancing risks, which can lead to systemic effects on both the ETF and the underlying [securities].”

The authors explain further:

“One reason this ‘step away’ risk can take on systemic importance is that it affects money managers holding ETFs in other types of funds. The rise of fixed-income ETFs has led many asset managers to use ETFs for cash management purposes. This practice of using ETFs as cash equivalents is only appropriate, however, if the ETFs can always be turned into cash immediately (and relatively without cost). Disruptions in the bond market, leading to disruptions in the creation and redemption process for fixed income ETFs, would undermine this ability. The European Systemic Risk Board has argued that such disruption could destabilize institutions that depend on ETFs for cash management. The Central Bank of Ireland, as part of a broader program to manage potential concentration risk, has proposed identifying which institutions act as authorized participants and how they are compensated for doing so.”

If, as the authors suggest, money market funds are holding bond ETFs as cash substitutes and they have now become illiquid, this may explain why the Fed had to also establish a Money Market Mutual Fund Liquidity Facility which has, as of last Wednesday, bailed out $29.86 billion of assets that no one else wanted.

As for the possibility that the biggest banks on Wall Street that hold the vast majority of deposits in the country might “step away” from doing their job of lending, we already have proof of that. We know that the Fed’s emergency repo loan program, which has funneled more than $9 trillion cumulatively in below market rate loans to Wall Street, began on September 17, 2019, months before there was a COVID-19 case anywhere in the world. We know it resulted from the biggest bank in the country stepping away from making repo loans because JPMorgan Chase’s CEO, Jamie Dimon, admitted that in an earnings call. (Other Wall Street banks likely stepped away as well.)

Congress needs to stop fiddling while Rome burns and start holding hearings to get at the truth of what’s happening on Wall Street.

[tw0122]

https://wallstreetonparade.com/2020/06/blackrock-is-bailing-out-its-etfs-with-fed-money-and-taxpayers-eating-losses-its-also-the-sole-manager-for-335-billion-of-federal-employees-retirement-funds/

[tw0122]

Blackrock the Fed's buddie has been told to buy Junk Bonds. What a joke the markets have become

[Lowjack]

Is the seller also the buyer?
https://www.cnbc.com/2020/05/12/the-fed-is-starting-up-its-program-to-purchase-corporate-bond-etfs.html

[tw0122]

Fed Chair Powell Has Upwards of $11.6 Million Invested with BlackRock, the Firm that Will Manage a $750 Billion Corporate Bond Bailout Program for the Fed

By Pam Martens and Russ Martens: May 5, 2020 ~

?

Fed Chairman Jerome Powell at Press Conference, April 29, 2020

Most Americans likely assume that Jerome Powell, the Chairman of the Federal Reserve, is an economist, like the prior chairs of the Fed over the past 40 years. He’s not. Powell is a former investment banker at the Wall Street firm, Dillon Read; a former partner at the controversial private equity and leveraged buyout firm, the Carlyle Group, which has spent over $1 billion over the past decade lobbying the federal government; and a former lawyer at Davis Polk, a Big Law firm that played a key role advising the government and Treasury in the 2008 Wall Street bailout.

Powell’s background would be strange enough but now consider this. The Vice Chairman for Supervision at the Fed, Randal Quarles, who is in charge of supervising the largest and most dangerous Wall Street bank holding companies in the U.S., has an uncannily similar background to Powell. Quarles also worked previously at Davis Polk and the Carlyle Group. (Powell and Quarles are also good friends, according to Senator Elizabeth Warren.)

Both men were well schooled in leveraged buyouts before coming to the Fed. Both men are now involved in what is effectively levering up $454 billion of taxpayers’ money provided to the Fed under the recently passed CARES Act into a $4.5 trillion leveraged buyout fund of toxic debt from Wall Street banks. After taxpayers’ take the first $454 billion in losses on those purchases, the remainder may be sold off to private investors. If this sounds to you like a set-up on behalf of the one percent, it should.

Powell is a member of that one percent class. According to his 2019 financial disclosure, his net worth could run as high as $55 million. Much of his investments are with Goldman Sachs (a Wall Street bank that is supervised by the Fed) or with BlackRock and its iShares Exchange Traded Funds (ETFs). The government mandated financial disclosures report investment values in a range. The upper value of Powell’s holdings with BlackRock is $11.6 million. The upper range of Powell’s holdings with Goldman Sachs is $16.55 million. The name Goldman Sachs has been shortened to “GS” in the disclosure document.

These would appear to be large conflicts of interest. BlackRock has been selected to manage the unprecedented buying of both investment grade and junk bonds on behalf of the Fed to the tune of approximately $750 billion according to the most recent term sheet from the Fed. Even more conflicted, the Fed will allow BlackRock to buy up its own sinking junk bond ETFs using taxpayer and Fed money. (See here and here.)

Here’s another thing you likely don’t know about Fed Chairman Jerome Powell. Some of the smartest, most respected Senate Democrats did not vote in favor of confirming Powell for the job of Fed Chairman. Those included Senator Richard Blumenthal of Connecticut; Senator Cory Booker of New Jersey; Senator Kirsten Gillibrand of New York; Senator Kamala Harris of California; Senator Ed Markey of Massachusetts; Senator Jeff Merkley of Oregon; Senator Bernie Sanders of Vermont; and Senator Elizabeth Warren of Massachusetts.

From the Senate floor on January 23, 2018, Senator Elizabeth Warren said this about why she would not vote in favor of Powell for Fed Chairman:

?

Senator Elizabeth Warren Speaks from the Senate Floor Against the Confirmation of Jerome Powell as Fed Chairman on January 23, 2018

“I am deeply concerned that as soon as Governor Powell unpacks his boxes in the Chairman’s office, he will begin weakening the new rules Congress and the Fed put in place after the 2008 financial crisis. And he will have help: right down the hall will be his ‘close friend,’ Randal Quarles, the Fed’s new Vice Chair for Supervision. Governor Powell told me when we met that he intended to rely a lot on Vice Chair Quarles on regulatory issues.

“That is a really dangerous prospect. Before coming to the Fed, Vice Chair Quarles spent more than a decade in private equity, where he made his mark arguing for weaker rules on big banks. And he’s gotten a running start now that he’s at the Fed. In a speech a few weeks ago at his old private equity firm, Quarles announced that he was working on reducing capital standards for Wall Street banks, weakening the Volcker rule, and making stress tests easier for big banks to pass — in other words, he’s already set up his to-do list to gut measures put in place after the financial crisis that are there to try to keep our economy safer.

“So Governor Powell says he will take his cues from a guy who wants to get rid of as many rules as he can and take the teeth out of the rules that he can’t. No thank you. That will make American families less safe. It will make the American economy less safe.

“And to make matters worse, Powell’s gifts to the giant banks will come at a time when banks of all sizes made gigantic profits last year and got giant tax giveaways in the bill that was passed in December. Good grief — when will enough be enough for these guys? But even with banks rolling in money, the army of lobbyists and executives have come back, storming Capitol Hill and the halls of the Fed, spinning this story that financial rules are throttling them and need to be cut back.”

Under Powell and Quarles, the rules on everything from the amount of reserves held at the Fed by the mega banks to the Volcker Rule have been gutted until they are essentially meaningless.

That should have been a given considering that the Washington Post reported that Powell, in the nine months prior to his confirmation hearing, had “formal meetings or calls 50 times this year with the heads of Wall Street investment banks such as Goldman Sachs, JP Morgan, Wells Fargo and Deutsche Bank, according to a copy of his calendar through Sept. 30.”

On the subject of Powell’s stated desire to roll back regulations on the Wall Street banks that were contained in the Dodd-Frank financial reform legislation of 2010, to prevent another Wall Street financial collapse such as occurred in 2008, the following exchange occurred between Powel and Senator Elizabeth Warren during his Senate confirmation hearing on November 28, 2017:

Warren: “So before the 2008 crisis the Fed had a lot of authority to regulate and supervise the biggest banks in the country. But they failed to use that authority. When times were good, it looked like maybe we didn’t need strong rules. And then when the Fed’s failure to put strong rules in place ended up costing millions of people their jobs, millions of people their homes and millions of people their savings. Under Chairman Yellen’s leadership for the past four years, the Chair has adopted a number of rules to reduce the risk of another financial crisis. And you have supported those rules and helped implement them. I understand that now if you are confirmed you intend to take another look at those rules.

“In your written testimony you say that you will, and I’ll quote you, ‘continue to consider appropriate ways to ease regulatory burdens.’ So let me ask this. You specifically say that you’ll look for ways to roll the rules back. Are there any rules you believe should be made stronger?”

Powell: “Well, I do, yes. If you think of the four principle pillars of reform, I think they can all be made stronger and all be made more transparent, clearer and efficient. I’ve also said there are a number of things I wouldn’t roll back.”

Warren: “So what are the rules you said you would make stronger?”

Powell: “Well, I think with resolution. We will expect firms to make progress on resolvability, on stress testing…”

Warren: “So you would want to see rules that are more aggressive on the living wills, for example.”

Powell: “Yes, and I’m not so much thinking of more aggressive rules as our expectation…”

Warren: “Well, that’s the question I’m asking about. If you’re going to revisit the rules for roll-back purposes, which is what you said in your testimony, the question I’m asking is the reverse. I don’t want to see a one-way street here where it’s all about rolling back rules and it’s not considering the places where the rules need to be stronger.”

Powell: “So I get your question. I would say there are a lot of problems that we need to address in the banking system. I do think that we’ve had eight years now of writing new rules and, honestly, I can’t really think of a place where we are lacking an important rule. It’s really a question now of dealing with things from a supervisory standpoint.”

Warren: “So of all the rules the Fed has issued during your time, you’ve been there for five years – on capital, on leverage, on liquidity, on stress tests – you don’t thinkk a single one should be made tougher?”

Powell: “Honestly, Senator, I think they’re tough enough.”

Warren: “Well, okay. I got to say this worries me. But let me take a look for just a minute here at the rules you say you want to roll back. A few years ago the Fed and other agencies finalized the Volcker Rule with your support on that. It prohibits banks from trading on their own account unless it directly relates to customer service. And this addresses one of the main ways that banks got into trouble on the build up of the financial crisis that sent them to Congress for a $700 billion bailout. Do you support significant changes in the Volcker Rule that apply to big banks, for example, by exempting additional forms of trading?”

Powell: “I do support a rewrite of the Volcker Rule. I do believe we can do that in a way that’s favorable to both the language and the intent of the Volcker Rule.”

Warren: “So you would favor exempting more trading, for example.”

Powell: “I would favor tailoring the application of the…”

Warren: “Okay, I would call that weakening the rule…But I am deeply concerned that you believe that the biggest regulatory problem in the country right now is that the rules are too hard on Wall Street banks. That kind of mindset led the Fed to ignore the financial system risks before 2008. It helped lead to the financial crisis and it helped lead to the recession that followed it. So, I’m worried that we not go down this path again. Because if we do, it’s going to be the same thing. And that is that millions of families are going to pay the price while the banks end up once again getting bailed out and with record profits.”

That day predicted by Warren has now arrived. And it arrived four months before there was any case of COVID-19 reported anywhere in the world. See our timeline of the Wall Street financial crisis here and our report that the Fed had pumped $6.6 trillion cumulatively in emergency loans to Wall Street before the first death from COVID-19 had occurred in the U.S.

At Powell’s press conference on April 29 he was asked by a reporter about his earlier stance that the U.S. government needed to get its fiscal house in order and get the growing national debt under control. Powell answered that “This is not the time to act on those concerns.”

When we have a U.S. Treasury Secretary that’s a former Goldman Sachs banker (and foreclosure king during the last financial crisis) handing over $454 billion of taxpayers’ money to be used as “loss absorbing capital” to fund a $4.54 trillion leveraged bailout fund for Wall Street, we think that now is exactly the time to hold web-based Senate Banking hearings, open to the public, to get to the bottom of just what’s going on here.

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[tw0122]

Icahn Called BlackRock An Extremely Dangerous Company the Fed Has Chosen It to Manage Its Corporate Bond Bailout Programs

Carl Icahn Created a Cartoon About BlackRock and Its Junk Bond ETFs Going Over a Cliff
In 2015, the legendary Wall Street investor, Carl Icahn, called BlackRock an extremely dangerous company. Icahn was specifically talking about BlackRock’s packaging of junk bonds into Exchange Traded Funds (ETFs) and calling them “High Yield,” which the average American doesn’t understand is a junk-rated bond. The ETFs trade during market hours on the New York Stock Exchange, giving them the aura of liquidity when one needs it. Icahn said: “I used to laugh with some of these guys…I used to say, you know, the mafia has a better code of ethics than you guys. You know you’re selling this crap.” Icahn warned that “if and when there’s a real problem in the economy, there’s going to be a rush for the exits like in a movie theatre, and people want to sell those bonds, and think they can sell them, there is no market for them

[whytestocks]

News: $BLK This Clean Energy Stock Fuels Up Its High-Octane Dividend Growth Plan

NextEra Energy Partners (NYSE: NEP) has one of the boldest dividend growth strategies in the energy sector. The clean energy -focused company currently plans to increase its dividend at a 12% to 15% annual rate through 2024. That's a fast pace, considering the company's current yield of 3.8...

In case you are interested BLK - This Clean Energy Stock Fuels Up Its High-Octane Dividend Growth Plan

[Lowjack]

https://ih.advfn.com/p.php?pid=nmona&article=77867598

[getmenews]

CBD Hemp Seed Oil Wipes



Investors, Dealers, Retailers, Manufacturer's reps wanted;

[BlueXcaptain]

Just started looking into this. Saw some nice gains recently, curious whats going on

[NorFoster]

BlackRock reaching new highs today after stellar results. Hoping to reach $500 soon.

[BlueAlien]

Some don't like followers ;)

[Lowjack]

In other words the Rothschild's were loosing money and slaves so they decided to steal about 15% of middle class wealth to maintain control.

#FatFinger #BuyTheDip

[riverterracekrew]

Blk continuously beasting out lately! Is this headed straight to $500 ?

[BlueAlien]

Great Recession ~ 2007-2010

The Great Recession was related to the financial crisis of 2007–08 and U.S. subprime mortgage crisis of 2007–09

The Great Recession has resulted in the scarcity of valuable assets in the market economy and the collapse of the financial sector in the world economy.

contraction phase of a business cycle

The Great Recession met the IMF criteria for being a global recession

Another narrative focuses on high levels of private debt in the US economy. USA household debt as a percentage of annual disposable personal income was 127% at the end of 2007, versus 77% in 1990.

https://en.wikipedia.org/wiki/Great_Recession

[Cbdpotential]

[ValueInvestor15]

BlackRock BLK PE analysis implies stock's 10% overvalued b4 earnings Friday:

PE Multiples Analysis

[UpTickMeA$AP]

It's a hit! BLK!

EPS. $5.21

[Timboslice08]

any marijuana interest with the black rock group?

[Awesome McAwesome]

NBRI, SLTA, or RGI (Ruby Gold Inc,)

[Awesome McAwesome]

MAybe Blackrock should invest in the mining industry for example: NBRI, RGI (ruby Gold Inc,) or SLTA

[samstockguru]

Time to get some on the dip. With QE continuing this is easy money

[ECole]

Investor-Day-2013 details

Notable remarks.. Read here
http://www.earningsimpact.com/Transcript/81715/BLK/Blackrock%2c-Inc----BlackRock-Investor-Day-2013

[Penny Roger$]

<<< $BLK Links! >>> ~ MAC's Quick DD Links without the charts.




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Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/BLK/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/BLK/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/BLK/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/BLK
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/BLK/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/BLK/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/BLK/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/BLK/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/BLK/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/BLK/charts
Marketwatch News ~ http://bigcharts.marketwatch.com/news/symbolsearch/symbolnews.asp?news=markadv&symb=BLK&sid=1795093&framed=False


The Lion ~ http://thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&sa=1&fb=1&gg=1&symbol=BLK


Search NYSE ~ http://www.nyse.com/about/listed/lcddata.html?ticker=BLK


StockTA ~ http://www.stockta.com/cgi-bin/analysis.pl?symb=BLK&num1=567&cobrand=&mode=stock


StockHouse ~ http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=BLK
StockHouse Delayed LII ~ http://www.stockhouse.com/financialtools/sn_level2.aspx?qm_page=46140&qm_symbol=BLK


AlphaTrade ~ http://tools.alphatrade.com/index.php?t1=mc_quote_module&t2=mc_quote_module2&t3=historical&template=historical2html&sym=BLK&client_id=2740&a_width=680&a_height=1000&language=english&showVol=1&chtype=8


Reuters ~ http://www.reuters.com/finance/stocks/companyOfficers?symbol=BLK.PK&WTmodLOC=C4-Officers-5


StockWatch ~ http://www.stockwatch.com/Quote/Detail.aspx?symbol=BLK®ion=U


Search NASDAQ ~ http://www.nasdaq.com/symbol/BLK
NASDAQ Divy History ~ http://www.nasdaq.com/symbol/BLK/dividend-history
NASDAQ Short Interest ~ http://www.nasdaq.com/symbol/BLK/short-interest
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/BLK/institutional-holdings
NASDAQ FlashQuotes ~ http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=BLK&selected=BLK
NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=BLK&selected=BLK
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/BLK/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/BLK/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/BLK/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/BLK/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/BLK/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/BLK/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/BLK/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/BLK/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/BLK/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/BLK/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/BLK/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/BLK/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/BLK/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/BLK/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=BLK&selected=BLK
NASDAQ Financials ~ http://www.nasdaq.com/symbol/BLK/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/BLK/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/BLK/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/BLK/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/BLK/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/BLK/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/BLK/insider-trades/buys
--------- Sells ~ http://www.nasdaq.com/symbol/BLK/insider-trades/sells


The Motley Fool ~ http://caps.fool.com/Ticker/BLK.aspx
The Motley Fool Earnings/Growth ~ http://caps.fool.com/Ticker/BLK/EarningsGrowthRates.aspx?source=itxsittst0000001
The Motley Fool Ratios ~ http://caps.fool.com/Ticker/BLK/Ratios.aspx?source=itxsittst0000001
The Motley Fool Stats ~ http://caps.fool.com/Ticker/BLK/Stats.aspx?source=icasittab0000006
The Motley Fool Historical ~ http://caps.fool.com/Ticker/BLK/Historical.aspx?source=icasittab0000004
The Motley Fool Scorecard ~ http://caps.fool.com/Ticker/BLK/Scorecard.aspx?source=icasittab0000003
The Motley Fool Statements ~ http://caps.fool.com/Ticker/BLK/Statements.aspx?source=icasittab0000009


MSN Money ~ http://investing.money.msn.com/investments/stock-ratings?symbol=BLK


YCharts ~ http://ycharts.com/companies/BLK
YCharts Performance ~ http://ycharts.com/companies/BLK/performance
YCharts Dashboard ~ http://ycharts.com/companies/BLK/dashboard


InsideStocks Opinion ~ http://www.insidestocks.com/texpert.asp?sym=BLK&code=XDAILY
InsideStocks Profile ~ http://www.insidestocks.com/profile.asp?sym=BLK&code=XDAILY
InsideStocks Quote ~ http://www.insidestocks.com/quote.asp?sym=BLK&code=XDAILY
InsideStocks Projection ~ http://charts3.barchart.com/procal.asp?sym=BLK


Zacks Quote ~ http://www.zacks.com/stock/quote/BLK
Zacks Estimates ~ http://www.zacks.com/research/report.php?type=estimates&t=BLK
Zacks Company Reports ~ http://www.zacks.com/research/report.php?type=report&t=BLK


Knobias ~ http://knobias.10kwizard.com/files.php?sym=BLK


StockScores ~ http://www.stockscores.com/quickreport.asp?ticker=BLK


Trade-Ideas ~ http://www.trade-ideas.com/StockInfo/BLK/HOT_TOPIC.html


Morningstar ~ http://performance.morningstar.com/stock/performance-return.action?region=USA&t=BLK&culture=en-US
Morningstar Shareholders ~ http://investors.morningstar.com/ownership/shareholders-overview.html?t=BLK®ion=USA&culture=en-us
Morningstar Transcripts~ http://www.morningstar.com/earnings/NoTranscript.aspx?t=BLK®ion=USA
Morningstar Key Ratios ~ http://financials.morningstar.com/ratios/r.html?t=BLK®ion=USA&culture=en-US
Morningstar Executive Compensation ~ http://insiders.morningstar.com/trading/executive-compensation.action?t=BLK®ion=USA&culture=en-us
Morningstar Valuation ~ http://financials.morningstar.com/valuation/price-ratio.html?t=BLK®ion=USA&culture=en-us


CCBN (Thompson Reuters) ~ http://ccbn.aol.com/company.asp?client=aol&ticker=BLK


TradingMarkets ~ http://pr.tradingmarkets.com/?lid=leftPRbox&sym=BLK


OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=BLK&searcharea=e&image1.x=0&image1.y=0


Insidercow ~ http://www.insidercow.com/history/company.jsp?company=BLK&B1=Search%21


Forbes News ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=BLK
Forbes Press Releases ~ http://search.forbes.com/search/find?&start=1&tab=searchtabgeneraldark&MT=BLK&pub=businesswire,prnewswire&searchResults=pressRelease&tag=pr&premium=on
Forbes Web ~ http://search.forbes.com/search/web?MT=UNGS&start=1&max=10&searchResults=web&tag=web&sort=null


YouTube Symbol Search ~ http://www.youtube.com/results?search_query=BLK


Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=BLK


Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=BLK


Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=BLK

Bloomberg Snapshot ~ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=BLK
Bloomberg People ~ http://investing.businessweek.com/research/stocks/people/people.asp?ticker=BLK

Financial Times ~ http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=BLK

Investorpoint ~ http://www.investorpoint.com/ enter "BLK" and click search.

Hotstocked ~ http://www.hotstocked.com/ enter "BLK" and click search.

Raging Bull ~ http://ragingbull.quote.com/mboard/boards.cgi?board=BLK

Hoovers ~ http://www.hoovers.com/search/company-search-results/100003765-1.html?type=company&term=BLK

DD Machine ~ http://www.ddmachine.com/default.asp?m=stocktool_frame.asp?symbol=BLK

SEC Form 4 ~ http://www.secform4.com/insider/showhistory.php?cik=BLK

OTCBB Pulse ~ http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=BLK

Failures To Deliver ~ http://failurestodeliver.com/default2.aspx enter "BLK" and click search.

http://www.coordinatedlegal.com/SecretaryOfState.html

http://regsho.finra.org/regsho-Index.html

http://www.shortsqueeze.com/?symbol=BLK&submit=Short+Quote%99



DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=BLK
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=BLK
Check those searches for recent BLK mentions. If BLK is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a complete list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS



MACDlinks

[Penny Roger$]

~ Wednesday! $BLK ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!

~ $BLK ~ Earnings expected on Wednesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=BLK&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=BLK&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=BLK
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=BLK#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=BLK+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=BLK
Finviz: http://finviz.com/quote.ashx?t=BLK
~ BusyStock: http://busystock.com/i.php?s=BLK&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=BLK >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

[Elijah3820]

Nice dividend here and growth potential.

[prometheus_222]

nothing

[prometheus_222]

no traffic here...where are the financial gurus?

[prometheus_222]

Recent News

BlackRock is Among the Companies in the Asset Management & Custody Bank Industry With the Best Relative Performance (BLK, MCGC, BX, STT, IVZ)
Thursday 09/16/2010 5:04 AM ET - Comtex Smartrend(r)

Related Companies
Symbol Last %Chg
BLK 161.70 -1.94%
BX 10.69 -0.74%
MCGC 5.76 -3.19%

As of 1:55 PM ET 9/16/10
Below are the top five companies in the Asset Management & Custody Bank industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform.

BlackRock (NYSE:BLK) ranks first with a gain of 3.35%; MCG Capital (NASDAQ:MCGC) ranks second with a gain of 2.06%; and Blackstone (NYSE:BX) ranks third with a gain of 1.99%.

State Street (NYSE:STT) follows with a gain of 1.62% and Invesco (NYSE:IVZ) rounds out the top five with a gain of 1.46%.

SmarTrend is bullish on shares of BLK and our subscribers were alerted to Buy on September 03, 2010 at $150.84. The stock has risen 9.3% since the alert was issued.

Write to Chip Brian at [e-mail]

---------------------------------------------------------------------------------------------

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup

[prometheus_222]

Recent News

Concerned by Changes to the Tax Rules on Income Trusts? BlackRock Canada has a Solution: The New iShares(R) Diversified Monthly Income Fund
90 minutes ago - Marketwire

Related Companies
Symbol Last %Chg
BLK 161.80 -1.88%
ISHAF 11.20 0.00%

As of 10:40 AM ET 8/9/10
BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc., today announced that the iShares Exchange-Traded Funds (ETFs) business, the world's largest provider of ETFs, can now provide investors looking for a consistent monthly income stream, along with full liquidity and the potential for modest long-term capital growth with an appealing-and tax-friendlier-option: the iShares Diversified Monthly Income Fund, trading on the TSX under the symbol XTR (TSX: XTR).

Managed by BlackRock Canada, XTR offers all the benefits that investors have come to expect from iShares ETFs, including reasonable management fees, full intra-day tradability, and the power of the iShares ETFs' unique and trusted product engineering.

XTR replaces the former iShares S&P(R)/TSX(R) Income Trust Fund, which traded under the same symbol. The conversion, approved by a special meeting of unitholders on August 23, 2010, is designed to provide maximum investor benefit in advance of changes to the federal tax regulations governing income trusts that will come into effect in January 2011.

"The goal here is to ensure investors continue to receive a reliable monthly income stream while still enjoying the benefits they've come to associate with iShares ETFs," said Oliver McMahon, director of product management for iShares ETFs at BlackRock Canada. "The new XTR is an income product that has the ETF's inherent advantages, including diversification, transparency, low costs, tax efficiency and the ability to use value-adding trading strategies, such as limit and stop orders."

The New iShares XTR Advantage

XTR will invest primarily (though not exclusively) in other Canadian iShares ETFs. It will offer a diversified portfolio of income-bearing asset classes including, but not limited to, dividend-paying common equities, fixed-income securities (such as corporate bonds and long-maturity vehicles) and property investments, such as real-estate investment trusts. In addition to other Canadian iShares ETFs, XTR may also hold other income-bearing investments directly and/or through the use of derivatives.

BlackRock Canada will maintain a strategic asset allocation policy for XTR that emphasizes income generation while maintaining the potential for modest long-term capital growth.

The initial target asset allocation is expected, in aggregate, to be composed of approximately 50% equities (mostly Canadian, although foreign holdings may be included for diversification) and approximately 50% fixed-income investment vehicles. XTR will rebalance its strategic asset allocation on a quarterly basis, but will do so more frequently if market conditions dictate.

The aim of XTR is to distribute net income regularly to investors in a way that maximizes benefit while minimizing the sting of the new tax rules.

How XTR Will Continue to Deliver

XTR has been specially designed to be transparent and offers a methodology that provides a consistent income stream through monthly nominal distributions, to be determined annually.

The strategy will distribute the fund's net income to the extent that the fund will not be liable for ordinary income tax on the earnings. Net capital gains will be distributed so that they, too, are not subject to ordinary income taxes.

Should XTR's net income and net realized capital gains in any year not be sufficient to fund pre-determined monthly distributions, the balance of the monthly payouts will constitute a return of capital to unitholders. Returns of capital are generally non-taxable to unitholders, but ultimately reduce the adjusted cost base of their units for tax purposes.

XTR has a management fee of 0.55%. There are balanced mutual funds in Canada with similar characteristics, but higher fees-and investors are well advised to compare the numbers. XTR's assets under management totalled $207.9 million as of August 16, 2010.

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2010, BlackRock's AUM was $3.151 trillion. BlackRock offers products that span the risk spectrum to meet clients' needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares(R) (exchange traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions. Headquartered in New York City, as of June 30, 2010, the firm has approximately 8,500 employees in 24 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the company's website at www.blackrock.com.

About iShares ETFs

The iShares business is a global product leader in ETFs with over 410 funds globally across equities, fixed income and commodities, which trade on 16 exchanges worldwide. The iShares funds are bought and sold like common stocks on securities exchanges. The iShares funds are attractive to many individual and institutional investors and financial intermediaries because of their relative low cost, tax efficiency and trading flexibility. Investors can purchase and sell securities through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account. The iShares customer base consists of the institutional segment of pension plans and fund managers, as well as the retail segment of financial advisors.

Contacts:
Veritas Communications
Lisa An
416-955-4587 or 647-292-2478
[e-mail]


SOURCE: BlackRock Asset Management Canada Limited (iShares)

mailto:[e-mail]

[prometheus_222]

Company Background
BlackRock, Inc. (BlackRock) is an investment management firm. As of December 31, 2009, the Company had 3.346 trillion of assets under management (AUM). It offers an array of equity, fixed income, multi-asset class, alternative investment and cash management products, as well as its BlackRock Solutions investment systems, risk management and advisory services. It offers its investment products directly and through intermediaries in a variety of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds1 (ETFs), collective investment trusts and separate accounts. Its clients include taxable, tax-exempt and official institutions, high net worth individuals and retail investors. BlackRock offers a spectrum of investment management and risk management products and services. Investment management offerings include single- and multi-asset class portfolios. On December 1, 2009, BlackRock acquired Barclays Global Investors from Barclays Bank PLC.

Soure: Scottrade

[prometheus_222]

Where has the traffic on this board gone?

[goforthebet]

BlackRock says central banks to be net buyers of gold

By: Reuters
16th November 2009

SYDNEY - Central banks will be net buyers of gold this year as they diversify away from the US dollar, global commodities investment fund BlackRock said on Monday in comments that helped drive bullion to fresh record highs.

BlackRock is one of the world's largest fund managers, boasting a total $1,4- trillion under management across all asset classes. It is manager and adviser to the US Federal Reserve and its views can influence the direction of global markets.

Evy Hambro, who runs two of the world's largest commodities funds, BlackRock World Mining Fund and Gold & General Fund, gave an upbeat outlook for gold during a media briefing in Australia.

His forecast for net central-bank purchases of gold this year would, if met, mark the first year in two decades when the world's central banks bought more gold than they sold. They have been net sellers of gold each year since 1988.

"The most recent break-out in the gold price in US dollars has caused most gold prices to start trending higher at the same time," Hambro said, adding that investors were now looking for gold to rise in other commodities as well as US dollars.

"When you start to see the price rising in a range of different currencies, it is a clear sign of a very strong market to come," he added.

Spot gold stood at $1 123,70 as of 02:16 GMT after touching $1 126,30 per ounce, a record, compared with the notional New York close of $1 118,50, helped higher by Hambro's bullish outlook, according to financial broking group IG Markets.

The previous record was $1 122,85 marked on Nov. 12.

Bullion was also gaining on renewed appeal as a hedge against the US dollar's weakness and inflation risks.

In other currencies, gold has not reached new highs since early 2009. In Australian and Canadian dollars and the South African rand, it peaked in February.

But Hambro said investors were now "looking for price rises across all currencies" as central banks build up their gold holdings and global supplies tapered off.

"Gold's role is gathering a lot more attention in terms of risk diversification," he said.

Hambro also said that the high level of gold production in China, which has replaced South Africa as the world's biggest producer, was not sustainable, pressuring world supply.

China's gold production rose 13,49% in the first half of 2009 from a year earlier to 146,505 t, according to the Ministry of Industry and Information Technology.

Hambro also said US demand for commodities was starting to show signs of recovery. This, along with stronger Asian demand, set the stage for a prolonged bull market, he added.

Hambro said China's rapid rise would underpin the next bull market. China accounts for about 40 percent of demand in almost every commodity and more than half the demand in some commodities such as steel and copper during the second quarter of 2009.

"Obviously other countries as well [that are] in a similar position to China, such as India, Brazil and so on are also having another magnifying affect in terms of the commodity picture," Hambro said.

Edited by: Reuters

[GuruTrader]

BlackRock Reports Third Quarter Diluted EPS of $2.27 ($2.10 as adjusted)
Assets Under Management of $1.435 Trillion at September 30, 2009



Press Release
Source: BlackRock, Inc.
On 7:30 am EDT, Tuesday October 20, 2009
Buzz up! 0 Print.Companies:BlackRock, Inc.
NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE:BLK - News) today reported third quarter 2009 net income1 of $317 million, a 46% improvement compared to a year ago. Earnings were $2.27 per diluted common share, which included a $0.33 one-time benefit related to local income tax law changes. Operating income for third quarter was $357 million and non-operating income, net of non-controlling interests, was $61 million. The operating margin was 31.3%.

Related Quotes
Symbol Price Change
BLK 230.43 0.00


{"s" : "blk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Net income, as adjusted2, was $2.10 per diluted common share or $293 million, including operating income of $1.86 per diluted share and non-operating income of $0.24 per diluted share. Net income, as adjusted2, improved 23% compared to second quarter and 28% compared to third quarter 2008.

Revenue was $1,140 million, up 11% compared to the second quarter and down 13% compared to third quarter 2008. Operating income, as adjusted2, was $400 million, up 32% compared to second quarter and down 7% compared to third quarter 2008. Third quarter 2009 results included a $3 million benefit from balance sheet related foreign exchange remeasurement compared to a $30 million positive effect in third quarter 2008 and an $18 million expense in the second quarter. Excluding this effect, the primary difference between the percentage change in operating income, as adjusted2, as compared to the change in revenue was related to cost controls. Operating margin, as adjusted2, of 40.1% reflected improved revenue and continued cost control initiatives.

Net non-operating income, as adjusted2, of $0.24 per diluted common share, or $52 million, was an improvement of $0.62 as compared to third quarter 2008 and $0.04 as compared to second quarter 2009. Non-operating income reflected primarily the positive effects of markets on distressed credit, mortgage and private equity products.

BlackRock’s results reflect continued positive business momentum and improvements in the external market environment. Clients’ risk appetite is increasing as evidenced by a reallocation of capital from liquidity to long-dated assets. BlackRock is on track to complete its combination with Barclays Global Investors (“BGI”), which will diversify and further expand its mix of products, clients and geographic presence.

The table below presents a comparison of GAAP and as adjusted results for certain financial measures. See Attachment I for a reconciliation of GAAP to the as adjusted financial measures.


Nine Months Ended
Q3 Q3
% Q2 % September 30, %
2009 2008 Change 2009 Change 2009 2008 Change
GAAP basis:
Revenue $1,140 $1,313 (13%) $1,029 11% $3,156 $4,000 (21%)

Operating income $357 $454 (21%) $261 37% $889 $1,255 (29%)

Net income1 $317 $217 46% $218 45% $619 $732 (15%)

Diluted EPS $2.27 $1.59 43% $1.59 43% $4.50 $5.36 (16%)

As Adjusted:
Operating income2 $400 $432 (7%) $302 32% $1,009 $1,292 (22%)

Net income1,2 $293 $229 28% $239 23% $642 $766 (16%)

Diluted EPS2 $2.10 $1.67 26% $1.75 20% $4.66 $5.61 (17%)


1 Net income represents net income attributable to BlackRock, Inc.

2 See notes (a), (b), (c), (d), (e) and (f) to the Condensed Consolidated Statements of Income and Supplemental Information in Attachment I.

Assets under management (“AUM”) increased $61.6 billion to $1.435 trillion at September 30, 2009. Net new business in long-dated investment products totaled $14.5 billion. In contrast, net outflows in cash management were $26.4 billion and distributions from advisory accounts totaled $4.6 billion. BlackRock Solutions® business remained strong, with seven net new assignments added during the quarter. Year-over-year, AUM has increased $176.2 billion or 14%, including net new business of $133.4 billion, and BlackRock Solutions has added 56 net new assignments. Our pipeline of wins funded or to be funded totaled $42.5 billion as of October 15, 2009.

“Improving investor sentiment was the most important factor in third quarter results. Clients are putting money back to work in the markets, driving inflows in equities and bonds, and outflows in money market funds industry-wide. This shift drove the rally in global stocks and tighter credit spreads, as well as a favorable revenue mix in net new business,” remarked Laurence D. Fink, Chairman and CEO of BlackRock.

“Our new business results were strong across both regions and channels, as we continued to capitalize on our diverse platform. Most importantly, our investment performance remained competitive in fixed income, which improved from last year, and across much of our equity, balanced and alternative investment platform. Strong performance, deep risk management capabilities, and exceptional client service position us well to serve our clients as they redeploy their capital across the risk spectrum.

“The market rally also gives investors the opportunity to address challenges in their portfolios, and BlackRock Solutions continues to be sought for its unique risk management and advisory services. We also continue to see an increase in institutional demand for a variety of tailored and multi asset class solutions, including fiduciary outsourcing. When we complete the combination with BGI, we will be uniquely positioned to blend index and active management in constructing new products and asset liability management strategies.

“The BGI transaction remains on target for a December 1, 2009 closing. Over the past month, we have announced leadership positions across most areas of the going forward company. Tremendous progress has been made, and I remain excited about the prospects for the new BlackRock. I want to thank all of our colleagues at BGI and BlackRock for their teamwork and commitment to building a combined franchise with a strongly differentiated ability to help clients throughout the world access market opportunities and meet their most difficult investment challenges.”

Third Quarter Business Highlights


•Third quarter new business results reflected increasing demand for higher return investments, driving net inflows of $14.5 billion in equities, balanced, fixed income and alternative investments, and net outflows of $26.4 billion in cash management. Net new business in long-dated strategies consisted of $6.9 billion from institutional clients and $7.6 billion from retail investors globally. International investors represented approximately three-quarters of the net fundings in these products. In contrast, investors withdrew $26.4 billion (net) from cash management products during the quarter, including $23.5 billion and $2.9 billion from institutional and retail investors, respectively. Cash management outflows from U.S. clients totaled $30.1 billion, offsetting $3.7 billion of net inflows from international clients. Distributions of $4.6 billion were made from long-term liquidation portfolios reported as advisory AUM.
•AUM in equity and balanced products increased $61.0 billion or 19% during the quarter to $390.6 billion. Renewed risk appetite helped drive net new business of $11.9 billion across a broad range of strategies. Demand was strong among both institutional and retail investors, resulting in net inflows of $7.2 billion and $4.7 billion, respectively. Performance in our equity and balanced mutual funds was mixed, with 46% of AUM above peer medians year-to-date, as compared to 78% for the one-year, 82% for the three-year, and 93% for the five-year periods ended September 30, 2009.
•Fixed income AUM ended the quarter at $539.6 billion, up 6% or $29.9 billion. Net new business totaled $3.5 billion, despite $1.7 billion of outflows due to rebalancing into equities and a $3.8 billion outflow from one client’s insourcing of externally managed assets. Inflows were concentrated in U.S. core bond and local currency strategies. Performance continued to improve in our bond funds, with 72% of AUM ranked in the top two peer group quartiles year-to-date. Longer-term results continue to reflect last year’s weaker results, with 47%, 44% and 49% of AUM above peer medians for the one-, three- and five-year periods ended September 30, 2009, respectively.
•Alternative investment AUM declined $0.4 billion, ending the quarter at $51.2 billion. Single strategy hedge fund and fund of hedge fund assets grew $0.7 billion to $23.6 billion, with increases driven by strong performance partially offset by distributions from opportunistic funds and modest redemptions. Real estate market values continued to correct during the quarter, driving a $1.2 billion drop in AUM to $19.0 billion. Private equity fund of funds and other alternative products were largely unchanged at $8.7 billion.
•Asset reallocation by both institutional and retail investors drove outflows in money market funds industry-wide. BlackRock’s cash management AUM ended the quarter at $290.4 billion, down $26.3 billion or 8%. Average assets declined 6% relative to the second quarter. U.S. clients accounted for $30.1 billion of net outflows, which were partially offset by $3.7 billion of net inflows from international investors. Outflows were proportional to our client base, with $23.5 billion from institutional clients and $2.9 billion from retail investors globally. With yields at exceptionally low levels, we would expect continued pressure on money market flows.
•Continuing demand for risk management tools and services supported strong growth in BlackRock Solutions. During the quarter, we added seven net new assignments and completed six short-term advisory engagements. Advisory AUM declined $2.7 billion, with $4.6 billion of net distributions from these long-term liquidation portfolios partially offset by favorable foreign exchange rates. At quarter-end, we had three Aladdin implementations in progress.
•Our pipeline of wins funded or to be funded was $42.5 billion as of October 15, 2009, including $36.8 billion in long-dated strategies, $4.9 billion in cash management and $0.8 billion in advisory assets. Our search activity remains very robust, with investors demonstrating interest in a wide array of investment offerings, including traditional strategies, alternative investments and multi-asset class solutions. In addition, we have a solid pipeline of new business opportunities at the proposal or contract stage across the full range of BlackRock Solutions products.

Third Quarter GAAP Financial Highlights

Certain prior year amounts have been revised or reclassified to conform to 2009 presentation as required by the retrospective adoption of applicable paragraphs within ASC 470-20, Debt with Conversion and Other Options (“ASC 470-20”), (FASB Staff Position (“FSP”) APB 14-1, Accounting for Convertible Debt Instruments That May Be Settled in Cash upon Conversion (Including Partial Cash Settlement)), ASC 260-10, Earnings per Share (“ASC 260-10”) (FSP Emerging Issues Task Force (“EITF”) 03-6-1, Determining Whether Instruments Granted in Share-Based Payment Transactions Are Participating Securities) and ASC 810-10, Consolidation (“ASC 810-10”)(Statement of Financial Accounting Standards (“SFAS”) No. 160, Noncontrolling Interests in Consolidated Financial Statements – an amendment of ARB No. 51). For more information please refer to the Company’s Current Report on Form 8-K, which updated the financial information in the Company’s Annual Report on Form 10-K for the year ended December 31, 2008, which was filed with the Securities and Exchange Commission on September 17, 2009.


Comparison to the Third Quarter of 2008

Third quarter 2009 operating income decreased 21% to $357 million from $454 million earned in third quarter 2008.

Third quarter 2009 revenues of $1,140 million decreased $173 million, or 13%, compared to $1,313 million in third quarter 2008 primarily due to the following:


•Investment advisory and administration base fees of $913 million in third quarter 2009 decreased $171 million, or 16%, compared to $1,084 million in third quarter 2008 primarily associated with a market driven reduction in average AUM of equity and balanced and alternative investment products.
•Performance fees were $49 million in third quarter 2009, compared to $55 million in third quarter 2008. The decrease relates primarily to a reduction in performance fees in alternative equity hedge funds, partially offset by an increase in international equity and balanced separate accounts.
•BlackRock Solutions and advisory revenue was $127 million for third quarter 2009 compared to $113 million in third quarter 2008. The increase is primarily due to additional advisory assignments, which have AUM based fees and additional Aladdin and risk management mandates.

Third quarter 2009 operating expenses were $783 million compared to $859 million in third quarter 2008. The $76 million, or 9%, decrease compared to third quarter 2008 was primarily due to the following:


•Employee compensation and benefits decreased $24 million due to a $22 million decline in incentive compensation associated with the decrease in operating income and a $52 million decrease in salaries and benefits primarily due to lower employment levels as a result of BlackRock’s cost control efforts, partially offset by a $50 million increase in deferred compensation expense. The increase in deferred compensation expense is offset primarily by an increase in non-operating income related to appreciation on assets associated with certain deferred compensation plans.
•Portfolio administration and servicing costs paid to Bank of America/Merrill Lynch, The PNC Financial Services Group and other third parties decreased $30 million primarily due to lower levels of average AUM in cash management and open-end funds.
•Amortization of deferred mutual fund sales commissions decreased $11 million primarily related to lower sales of certain share classes of open-end funds.
•General and administration expenses decreased $10 million primarily related to a $21 million decrease in marketing and promotional expenses, a $5 million decrease in technology expenses and a $23 million decrease in other general and administration expenses, which includes the result of cost control efforts and costs in 2008 associated with the support of two enhanced cash funds, partially offset by a $27 million decrease in foreign currency remeasurement benefits and a $12 million increase in professional services related to BGI transaction/integration costs incurred in third quarter 2009.

Third quarter 2009 non-operating income, net of non-controlling interests, was $61 million compared to non-operating loss, net of non-controlling interests, of $120 million in third quarter 2008. The $61 million non-operating income, net of non-controlling interests, related to the Company’s co-investments and seed investments including net gains in private equity products of $13 million, distressed credit/mortgage funds of $47 million, hedge funds/funds of hedge funds of $7 million, fixed income and equity investments of $2 million, and deferred compensation plans of $9 million, offset by a $6 million decrease in valuations from real estate equity/debt products. In addition, net interest expense was $11 million, a decrease of $13 million primarily due to a decline in interest rates.


Comparison to the Second Quarter of 2009

Third quarter 2009 operating income increased 37% to $357 million from $261 million earned in second quarter 2009.

Third quarter 2009 revenues of $1,140 million increased $111 million, or 11%, compared to $1,029 million in second quarter 2009 due to the following:


•Investment advisory and administration base fees of $913 million in third quarter 2009 increased $63 million, or 7%, compared to $850 million in second quarter 2009 primarily associated with growth in AUM across equity and balanced and fixed income products during the third quarter as a result of net inflows, market and foreign currency effects as well as the effect of one more revenue day in the third quarter, offset by lower fees on cash management products due to a decline in average AUM.
•Performance fees were $49 million in third quarter 2009, compared to $17 million in second quarter 2009. The increase relates primarily to higher performance fees in alternative equity hedge funds and international equity and balanced separate accounts.
•BlackRock Solutions and advisory revenue was $127 million for third quarter 2009 versus $116 million in second quarter 2009. The increase is primarily due to additional advisory assignments as well as additional risk management mandates.

Third quarter 2009 operating expenses of $783 million increased $15 million, or 2%, compared to $768 million in second quarter 2009. The $15 million increase compared to second quarter 2009 was primarily due to the following:


•Employee compensation and benefits increased $54 million due to a $45 million increase in incentive compensation primarily due to higher operating income and performance fees and a $9 million increase in deferred compensation, salaries, benefits and commissions.
•General and administration expenses decreased $30 million related to a $21 million decrease in foreign currency remeasurement costs and a $9 million decrease in other general and administration expenses.

Third quarter 2009 non-operating income, net of non-controlling interests, was $61 million, compared to $51 million in second quarter 2009, a $10 million improvement from second quarter 2009 related to changes in valuations of co-investments and seed investments.

Teleconference and Webcast Information

BlackRock will host a teleconference call for investors and analysts on Tuesday, October 20, 2009, at 9:00 a.m. (Eastern Time) to discuss its third quarter results. Members of the public who are interested in participating in the teleconference should dial, from the United States, [phone] [phone], or from outside the United States, [phone] [phone], shortly before 9:00 a.m. and reference the BlackRock Conference Call (ID Number 32553283). A live, listen-only webcast will also be available via the investor relations section of www.blackrock.com.

Both the teleconference and webcast will be available for replay by 1:00 p.m. on Tuesday, October 20, 2009 and ending at midnight on Tuesday, October 27, 2009. To access the replay of the teleconference, callers from the United States should dial [phone] [phone] and callers from outside the United States should dial [phone] [phone] and enter the Conference ID Number 32553283. To access the webcast, please visit the investor relations section of www.blackrock.com.

Performance Notes

Past performance is not indicative of future results. The performance information reflects U.S. open-end mutual funds and EMEA-domiciled publicly offered funds. Source of performance information is BlackRock, Inc. and is based in part on data from Lipper Inc. for U.S. funds and Morningstar, Inc. for non-U.S. funds. Fund performance reflects the reinvestment of dividends and distributions, but does not reflect sales charges.

About BlackRock

BlackRock is one of the world’s largest publicly traded investment management firms. At September 30, 2009, BlackRock’s AUM was $1.435 trillion. The firm manages assets on behalf of institutions and individuals worldwide through a variety of equity and balanced, fixed income, cash management, alternative investment and advisory products. In addition, a growing number of institutional investors use BlackRock Solutions investment system, risk management and financial advisory services. Headquartered in New York City, as of September 30, 2009, the firm has approximately 5,000 full-time employees in 21 countries and a major presence in key global markets, including the United States, Europe, Asia, Australia and the Middle East. For additional information, please visit the Company's website at www.blackrock.com.

Forward-Looking Statements

This press release, and other statements that BlackRock may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.

BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

In addition to risk factors previously disclosed in BlackRock’s Securities and Exchange Commission (“SEC”) reports and those identified elsewhere in this report the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (1) the introduction, withdrawal, success and timing of business initiatives and strategies; (2) changes and volatility in political, economic or industry conditions, the interest rate environment or financial and capital markets, which could result in changes in demand for products or services or in the value of assets under management; (3) the relative and absolute investment performance of BlackRock’s investment products; (4) the impact of increased competition; (5) the impact of capital improvement projects; (6) the impact of future acquisitions or divestitures; (7) the unfavorable resolution of legal proceedings; (8) the extent and timing of any share repurchases; (9) the impact, extent and timing of technological changes and the adequacy of intellectual property protection; (10) the impact of legislative and regulatory actions and reforms and regulatory, supervisory or enforcement actions of government agencies relating to BlackRock, Barclays PLC, Bank of America Corporation, Merrill Lynch & Co., Inc. or The PNC Financial Services Group, Inc.; (11) terrorist activities and international hostilities, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (12) the ability to attract and retain highly talented professionals; (13) fluctuations in the carrying value of BlackRock’s investments; (14) fluctuations in foreign currency exchange rates, which may adversely affect the value of investment advisory and administration fees earned by BlackRock or the carrying value of certain assets and liabilities denominated in foreign currencies; (15) the impact of changes to tax legislation and, generally, the tax position of the Company; (16) BlackRock’s success in maintaining the distribution of its products; (17) the impact of BlackRock electing to provide support to its products from time to time; (18) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions; and (19) the ability of BlackRock to complete the transaction with Barclays Bank PLC and integrate the operations of Barclays Global Investors.

BlackRock's Annual Reports on Form 10-K and BlackRock's subsequent filings with the SEC, accessible on the SEC's website at http://www.sec.gov and on BlackRock’s website at http://www.blackrock.com, discuss these factors in more detail and identify additional factors that can affect forward-looking statements. The information contained on our website is not a part of this press release.


Attachment I
BlackRock, Inc.
Condensed Consolidated Statements of Income and Supplemental Information
(Dollar amounts in millions, except per share data)
(unaudited)

Three months

Three months ended ended Nine months ended
September 30, June 30, September 30,
2009 2008 % Change 2009 % Change 2009 2008 % Change

Revenue
Investment advisory and administration base fees $913 $1,084 (16%) $850 7% $2,562 $3,377 (24%)
Investment advisory performance fees 49 55 (11%) 17 188% 77 154 (50%)
Investment advisory and administration base and performance fees 962 1,139 (16%) 867 11% 2,639 3,531 (25%)
BlackRock Solutions and advisory 127 113 12% 116 9% 383 273 40%
Distribution fees 25 34 (26%) 23 9% 73 103 (29%)
Other revenue 26 27 (4%) 23 13% 61 93 (34%)
Total revenue 1,140 1,313 (13%) 1,029 11% 3,156 4,000 (21%)

Expenses
Employee compensation and benefits 444 468 (5%) 390 14% 1,185 1,489 (20%)
Portfolio administration and servicing 119 149 (20%) 125 (5%) 371 455 (18%)
Amortization of deferred mutual fund sales commissions 23 34 (32%) 26 (12%) 76 97 (22%)
General and administration 161 171 (6%) 191 (16%) 505 593 (15%)
Restructuring charges - - NM - NM 22 - NM
Amortization of intangible assets 36 37 (3%) 36 0% 108 111 (3%)
Total expenses 783 859 (9%) 768 2% 2,267 2,745 (17%)

Operating income 357 454 (21%) 261 37% 889 1,255 (29%)

Non-operating income (expense)
Net gain (loss) on investments 89 (143) 162% 88 1% 5 (163) 103%
Interest and dividend income 4 20 (80%) 4 0% 16 52 (69%)
Interest expense (15) (18) (17%) (15) 0% (45) (54) (17%)
Total non-operating income (expense) 78 (141) 155% 77 1% (24) (165) 85%

Income before income taxes 435 313 39% 338 29% 865 1,090 (21%)
Income tax expense 101 117 (14%) 94 7% 225 394 (43%)
Net income 334 196 70% 244 37% 640 696 (8%)
Less:
Net income (loss) attributable to non-controlling interests 17 (21) 181% 26 (35%) 21 (36) 158%
Net income attributable to BlackRock, Inc. $317 $217 46% $218 45% $619 $732 (15%)

Weighted-average common shares outstanding (e)
Basic 133,266,379 129,793,939 3% 130,928,916 2% 131,481,677 129,427,715 2%
Diluted 135,902,241 132,270,351 3% 133,364,611 2% 134,001,799 131,998,448 2%
Earnings per share attributable to BlackRock, Inc. common shareholders (e)

Basic $2.31 $1.62 43% $1.62 43% $4.58 $5.47 (16%)
Diluted $2.27 $1.59 43% $1.59 43% $4.50 $5.36 (16%)

Cash dividends declared and paid per share $0.78 $0.78 0% $0.78 0% $2.34 $2.34 0%


Supplemental information:

Operating income, as adjusted (a) $400 $432 (7%) $302 32% $1,009 $1,292 (22%)

Operating margin, GAAP basis 31.3% 34.6% (10%) 25.4% 23% 28.2% 31.4% (10%)
Operating margin, as adjusted (a) 40.1% 38.4% 4% 34.4% 17% 37.4% 37.9% (1%)

Non-operating income (expense), less net income (loss) attributable to non-controlling interests, as adjusted (b) $52 ($81) 164% $42 24% ($59) ($114) 48%

Net income attributable to BlackRock, Inc., as adjusted (c), (d) $293 $229 28% $239 23% $642 $766 (16%)

Diluted earnings attributable to BlackRock, Inc. common shareholders per share, as adjusted (c), (d), (e) $2.10 $1.67 26% $1.75 20% $4.66 $5.61 (17%)

NOTE: Certain prior period information has been reclassified to conform to current period presentation.

NM - Not meaningful

BlackRock, Inc.


Notes to Condensed Consolidated Statements of Income and Supplemental Information


(Unaudited)

BlackRock reports its financial results on a GAAP basis; however, management believes that evaluating the Company’s ongoing operating results may be enhanced if investors have additional non-GAAP basis financial measures. Management reviews non-GAAP financial measures to assess ongoing operations and, for the reasons described below, considers them to be effective indicators, for both management and investors, of BlackRock's financial performance over time. BlackRock's management does not advocate that investors consider such non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP.

Certain prior period non-GAAP data has been reclassified to conform to the current presentation. Computations for all periods are derived from the Company's condensed consolidated statements of income as follows:

(a) Operating income, as adjusted, and operating margin, as adjusted:

Operating income, as adjusted, equals operating income, GAAP basis, excluding certain items deemed non-recurring by management or transactions that ultimately will not impact BlackRock’s book value, as indicated in the table below. Operating income used for operating margin measurement equals operating income, as adjusted, excluding the impact of closed-end fund launch costs and commissions. Operating margin, as adjusted, equals operating income used for operating margin measurement, divided by revenue used for operating margin measurement, as indicated in the table below.


Three Months Ended Nine Months Ended

September 30, June 30,
September 30,
2009 2008 2009 2009 2008

Operating income, GAAP basis $357 $454 $261 $889 $1,255
Non-GAAP adjustments:
Restructuring charges - - - 22 -
PNC LTIP funding obligation 15 14 15 45 44
Merrill Lynch compensation contribution 3 3 2 8 8
Barclays Global Investors (“BGI”) transaction/integration costs 16 - 15 31 -
Compensation expense related to (depreciation) appreciation on deferred compensation plans 9 (39) 9 14 (15)
Operating income, as adjusted 400 432 302 1,009 1,292
Closed-end fund launch costs - - - 2 9
Closed-end fund launch commissions - - - 1 -
Operating income used for operating margin measurement $400 $432 $302 $1,012 $1,301

Revenue, GAAP basis $1,140 $1,313 $1,029 $3,156 $4,000
Non-GAAP adjustments:
Portfolio administration and servicing costs (119) (149) (125) (371) (455)
Amortization of deferred mutual fund sales commissions (23) (34) (26) (76) (97)
Reimbursable property management compensation - (6) - - (18)
Revenue used for operating margin measurement $998 $1,124 $878 $2,709 $3,430

Operating margin, GAAP basis 31.3% 34.6% 25.4% 28.2% 31.4%
Operating margin, as adjusted 40.1% 38.4% 34.4% 37.4% 37.9%

BlackRock, Inc.


Notes to Condensed Consolidated Statements of Income and Supplemental Information


(Unaudited)


(continued)

(a) (continued)

Management believes that operating income, as adjusted, and operating margin, as adjusted, are effective indicators of BlackRock’s performance over time. As such, management believes that operating income, as adjusted, and operating margin, as adjusted, provide useful disclosure to investors.

Operating income, as adjusted:

Restructuring charges recorded in 2009 consist of compensation costs, occupancy costs and professional fees and have been deemed non-recurring by management and thus have been excluded from operating income, as adjusted, to help ensure the comparability of this information to prior periods. Barclays Global Investors ("BGI") transaction/integration costs recorded in 2009 consist principally of certain advisory, legal fees and consulting expenses incurred in conjunction with the announced transaction. As such, management believes that operating margins exclusive of these costs are useful measures in evaluating BlackRock’s operating performance for the respective periods.

The portion of compensation expense associated with certain long-term incentive plans (“LTIP”) that will be funded through the distribution to participants of shares of BlackRock stock held by The PNC Financial Services Group, Inc. ("PNC") and the Merrill Lynch compensation contribution, a portion of which has been received, have been excluded because these charges ultimately do not impact BlackRock’s book value.

Compensation expense associated with appreciation (depreciation) on assets related to certain BlackRock deferred compensation plans has been excluded as returns on investments set aside for these plans, which substantially offset this expense, are reported in non-operating income.

Operating margin, as adjusted:

Operating income used for measuring operating margin, as adjusted, is equal to operating income, as adjusted, excluding the impact of closed-end fund launch costs and commissions. Management believes that excluding such costs and commissions is useful because these costs can fluctuate considerably and revenues associated with the expenditure of these costs will not fully impact the Company’s results until future periods.

Operating margin, as adjusted, allows the Company to compare performance from period-to-period by adjusting for items that may not recur, recur infrequently or may fluctuate based on market movement, such as restructuring charges, transaction/integration costs, closed-end fund launch costs and fluctuations in compensation expense based on mark-to-market movements in investments held to fund certain compensation plans. The Company also uses operating margin, as adjusted, to monitor corporate performance and efficiency and as a benchmark to compare its performance to other companies. Management uses both the GAAP and non-GAAP financial measures. The non-GAAP measure by itself may pose limitations because it does not include all of the Company’s revenues and expenses.

Revenue used for operating margin, as adjusted, excludes portfolio administration and servicing costs paid to related parties and to other third parties. Management believes that excluding such costs is useful because the Company receives offsetting revenue for these services. Amortization of deferred mutual fund sales commissions is excluded from revenue used for operating margin measurement, as adjusted, because such costs, over time, offset distribution fee revenue earned by the Company. Reimbursable property management compensation represented compensation and benefits paid to personnel of Metric Property Management, Inc. (“Metric”), a subsidiary of BlackRock Realty Advisors, Inc. (“Realty”). These employees were retained on Metric’s payroll when certain properties were acquired by Realty’s clients. The related compensation and benefits were fully reimbursed by Realty’s clients and have been excluded from revenue used for operating margin, as adjusted, because they bear no economic cost to BlackRock. For each of these items, BlackRock excludes from revenue used for operating margin, as adjusted, the costs related to each of these items as a proxy for such revenues.


BlackRock, Inc.


Notes to Condensed Consolidated Statements of Income and Supplemental Information


(Unaudited)


(continued)

(b) Non-operating income (expense), less net income (loss) attributable to non-controlling interests, as adjusted:

Non-operating income (expense), less net income (loss) attributable to non-controlling interests, as adjusted, equals non-operating income (expense), GAAP basis, less net income (loss) attributable to non-controlling interests, GAAP basis, adjusted for compensation expense associated with depreciation (appreciation) on assets related to certain BlackRock deferred compensation plans. The compensation expense offset is recorded in operating income. This compensation expense has been included in non-operating income (expense), less net income (loss) attributable to non-controlling interests, as adjusted, to offset returns on investments set aside for these plans, which are reported in non-operating income (expense), GAAP basis.


Three Months Ended Nine Months Ended

September 30,
June 30,
September 30,
2009 2008 2009 2009 2008

Non-operating income (expense), GAAP basis $78 ($141) $77 ($24) ($165)
Net income (loss) attributable to non-controlling interests, GAAP basis 17 (21) 26 21 (36)
Non-operating income (expense), less net income (loss) attributable to non-controlling interests 61 (120) 51 (45) (129)
Compensation expense related to (appreciation) depreciation on deferred compensation plans (9) 39 (9) (14) 15
Non-operating income (expense), less net income (loss) attributable to non-controlling interests, as adjusted $52 ($81) $42 ($59) ($114)


Management believes that non-operating income (expense), less net income (loss) attributable to non-controlling interests, as adjusted, provides for comparability of this information to prior periods and is an effective measure for reviewing BlackRock’s non-operating contribution to its results. As compensation expense associated with depreciation (appreciation) on assets related to certain deferred compensation plans, which is included in operating income, offsets the gain/(loss) on the investments set aside for these plans, management believes that non-operating income (expense), less net income (loss) attributable to non-controlling interests, as adjusted, provides useful measures to investors of BlackRock’s non-operating results.


BlackRock, Inc.


Notes to Condensed Consolidated Statements of Income and Supplemental Information


(Unaudited)


(continued)

(c) Net income attributable to BlackRock, Inc., as adjusted:

Management believes that net income attributable to BlackRock, Inc., as adjusted, and diluted common earnings per share, as adjusted, are useful measures of BlackRock’s profitability and financial performance. Net income attributable to BlackRock, Inc., as adjusted, equals net income attributable to BlackRock, Inc., GAAP basis, adjusted for significant non-recurring items as well as charges that ultimately will not impact BlackRock’s book value.


Three Months Ended Nine Months Ended
September 30, June 30, September 30,
2009 2008 2009 2009 2008
Net income attributable to BlackRock, Inc., GAAP basis $317 $217 $218 $619 $732
Non-GAAP adjustments, net of tax: (d)
Restructuring charges - - - 14 -
PNC LTIP funding obligation 9 10 10 29 29
Merrill Lynch compensation contribution 1 2 1 4 5
BGI transaction/integration costs 11 - 10 21 -
Local income tax law changes (45) - - (45) -
Net income attributable to BlackRock, Inc., as adjusted $293 $229 $239 $642 $766

Allocation of net income attributable to BlackRock, Inc., as adjusted: (f)
Common shares(e) $285 $221 $233 $625 $741
Participating RSUs 8
8 6 17 25
Net income attributable to BlackRock, Inc., as adjusted $293 $229 $239 $642 $766

Diluted weighted average common shares outstanding (e) 135,902,241 132,270,351 133,364,611 134,001,799 131,998,448

Diluted earnings per common share, GAAP basis (e) $2.27 $1.59 $1.59 $4.50 $5.36
Diluted earnings per common share, as adjusted (e) $2.10 $1.67 $1.75 $4.66 $5.61


The restructuring charges and BGI transaction/integration costs reflected in GAAP net income attributable to BlackRock, Inc. have been deemed non-recurring by management and have been excluded from net income attributable to BlackRock, Inc., as adjusted, to help ensure the comparability of this information to prior reporting periods.

The portion of the compensation expense associated with LTIP awards that will be funded through the distribution to participants of shares of BlackRock stock held by PNC and the Merrill Lynch compensation contribution, a portion of which has been received, have been excluded from net income attributable to BlackRock, Inc., as adjusted, because these charges ultimately do not impact BlackRock’s book value.

During third quarter 2009, legislation was enacted primarily with respect to New York City corporate income taxes, effective January 1, 2009 which resulted in a revaluation of deferred income tax assets and liabilities. The resulting decrease in income taxes has been excluded from net income attributable to BlackRock, Inc., as adjusted, as it is non-recurring and to ensure comparability of this information to prior reporting periods.

(d) The tax rates used represent BlackRock’s corporate effective tax rates in the respective periods, which exclude certain adjustments that were recorded. For each of the quarters ended September 30, 2009, September 30, 2008 and June 30, 2009, non-GAAP adjustments were tax effected at 35%. For each of the nine months ended September 30, 2009 and 2008, non-GAAP adjustments were tax effected at 35%.

(e) Series A, B and C non-voting participating preferred stock are considered to be common stock equivalents for purposes of determining basic and diluted earnings per share calculations. Certain unvested restricted stock units are not included in this number as they are deemed participating securities in accordance with required provisions of ASC 260-10, Earnings per Share (FSP EITF 03-6-1, Determining Whether Instruments Granted in Share-Based Payment Transactions Are Participating Securities).

(f) Allocation of net income attributable to BlackRock, Inc., as adjusted, to common shares and participating RSUs is calculated pursuant to the two-class method as defined in ASC 260-10 (SFAS No. 128, Earnings per Share).


Attachment II
BlackRock, Inc.
Summary of Revenues
(Dollar amounts in millions)
(unaudited)

Three months

Three months ended
ended Nine months ended

September 30, June 30, September 30,
2009 2008 % Change 2009 % Change
2009 2008 % Change

Investment advisory and administration fees
Fixed income $224 $230 (3%) $207 8% $630
$685 (8%)
Cash management 149 176 (15%) 166 (10%) 490 535 (8%)
Equity and balanced 454 540 (16%) 382 19% 1,173 1,743 (33%)
Alternative investment products 86 138 (38%) 95 (9%) 269 414 (35%)
Investment advisory and administration base fees 913 1,084 (16%) 850 7% 2,562 3,377 (24%)
Fixed income 2 - NM 5 (60%) 10 2 400%
Equity and balanced 17 9 89% 2 NM 25 77 (68%)
Alternative investment products 30 46 (35%) 10 200% 42 75 (44%)
Investment advisory performance fees 49 55 (11%) 17 188% 77 154 (50%)
Total investment advisory and administration base and performance fees 962 1,139 (16%) 867 11% 2,639 3,531 (25%)

BlackRock Solutions and advisory 127 113 12% 116 9% 383 273 40%
Distribution fees 25 34 (26%) 23 9% 73 103 (29%)
Other revenue 26 27 (4%) 23 13% 61 93 (34%)
Total revenue $1,140 $1,313 (13%) $1,029 11% $3,156 $4,000 (21%)

NM - Not meaningful

BlackRock, Inc.
Summary of Non-operating Income (Expense)
(Dollar amounts in millions)
(unaudited)

Three months
Three months ended
ended Nine months ended

September 30, June 30, September 30,
2009 2008 % Change 2009 % Change 2009 2008 % Change
Total non-operating income (expense) $78 ($141) 155% $77 1% ($24) ($165) 85%
Net income (loss) attributable to non-controlling interests 17 (21) 181% 26 (35%) 21 (36) 158%
Total non-operating income (expense), less net income (loss) attributable to non-controlling interests $61 ($120) 151% $51 20% ($45) ($129) 65%

Estimated
economic Three months

investments at
Three months ended
ended
Nine months ended

September 30,
September 30, June 30, September 30,
20093 2009 2008 % Change 2009 % Change 2009 2008 % Change
Net gain (loss) on investments 1
Private equity 25 - 35% $13 ($4) 425% $11 18% $4 $6 (33%)
Real estate <10% (6) (14) 57% (12) 50% (111) (36) (208%)
Distressed credit/mortgage funds 20 - 30% 47 (48) 198% 44 7% 79 (44) 280%
Hedge funds/funds of hedge funds 10 - 20% 7 (18) 139% 8 (13%) 9 (26) 135%
Other investments 2 15 - 25% 2 1 100% 2 0% (11) (11) 0%
Sub-total 63 (83) 176% 53 19% (30) (111) 73%
Investments related to deferred compensation plans 9 (39) 123% 9 0% 14 (15) 193%
Total net gain (loss) on investments 1 72 (122) 159% 62 16% (16) (126) 87%
Net income (loss) attributable to other non-controlling interests4 - - NM - NM - (1) 100%
Interest and dividend income 4 20 (80%) 4 0% 16 52 (69%)
Interest expense (15) (18) (17%) (15) 0% (45) (54) (17%)
Total non-operating income (expense) 1 61 (120) 151% 51 20% (45) (129) 65%
Compensation expense related to depreciation (appreciation) on deferred compensation plans (9) 39 (123%) (9) 0% (14) 15 (193%)
Non-operating income (expense), as adjusted 1 $52 ($81) 164% $42 24% ($59) ($114) 48%


1 Includes net income (loss) attributable to non-controlling interests (redeemable and non-redeemable) related to investment activities.
2 Net gain (loss) for other investments includes net gains / (losses) related to equity and fixed income investments and BlackRock's seed capital hedging program.

3 Represents estimated percentages of BlackRock's corporate economic investment portfolio.

4 Includes non-controlling interests related to operating entities (non-investment activities).


NM - Not meaningful

NOTE: Certain prior period information has been reclassified to conform to current period presentation.
Attachment III
BlackRock, Inc.
Assets Under Management
(Dollar amounts in millions)
(unaudited)

Summary Variance vs.
September 30, June 30, September 30, June 30, September 30,
2009 2009 2008 2009 2008

Fixed income $ 539,590 $ 509,656 $ 502,066 6% 7%
Cash management 290,440 316,702 290,692 (8%) (0%)
Equity and balanced 390,643 329,622 351,428 19% 11%
Alternative investment products 51,210 51,562 71,308 (1%) (28%)
Sub Total 1,271,883 1,207,542 1,215,494 5% 5%
Advisory AUM4 162,886 165,618 43,104 (2%) 278%
Total AUM $ 1,434,769 $ 1,373,160 $ 1,258,598 4% 14%

Current Quarter Component Changes Net Market
June 30, subscriptions Foreign appreciation September 30,
2009 (redemptions)1 Acquisition 2
exchange 3
(depreciation) 2009

Fixed income $ 509,656 $ 3,454 $ - $ 2,218 $ 24,262 $ 539,590
Cash management 316,702 (26,388) - (47) 173 290,440
Equity and balanced 329,622 11,907 - 2,170 46,944 390,643
Alternative investment products 51,562 (845) - 110 383 51,210
Sub Total 1,207,542 (11,872) - 4,451 71,762 1,271,883
Advisory AUM4 165,618 (4,600) - 2,044 (176) 162,886
Total AUM $ 1,373,160 $ (16,472) $ - $ 6,495 $ 71,586 $ 1,434,769

Year to Date Component Changes Net Market
December 31, subscriptions Foreign appreciation September 30,
2008 (redemptions)1 Acquisition 2
exchange 3
(depreciation) 2009

Fixed income $ 483,173 $ 12,536 $ - $ 4,756 $ 39,125 $ 539,590
Cash management 338,439 (49,534) - 1,277 258 290,440
Equity and balanced 280,821 33,271 - 7,457 69,094 390,643
Alternative investment products 59,723 (6,092) 1,344 530 (4,295) 51,210
Sub Total 1,162,156 (9,819) 1,344 14,020 104,182 1,271,883
Advisory AUM4 144,995 14,154 - 3,734 3 162,886
Total AUM $ 1,307,151 $ 4,335 $ 1,344 $ 17,754 $ 104,185 $ 1,434,769

Year over Year Component Changes Net Market
September 30, subscriptions Foreign appreciation September 30,
2008 (redemptions)1 Acquisition 2
exchange 3
(depreciation) 2009

Fixed income $ 502,066 $ (3,646) $ - $ 1,893 $ 39,277 $ 539,590
Cash management 290,692 (930) - 132 546 290,440
Equity and balanced 351,428 30,990 - (3,832) 12,057 390,643
Alternative investment products 71,308 (8,992) 1,344 (147) (12,303) 51,210
Sub Total 1,215,494 17,422 1,344 (1,954) 39,577 1,271,883
Advisory AUM4 43,104 115,977 - 3,734 71 162,886
Total AUM $ 1,258,598 $ 133,399 $ 1,344 $ 1,780 $ 39,648 $ 1,434,769

1 Includes distributions representing return of capital and return on investment to investors.

2 Net assets acquired from R3 Capital Management, LLC in April 2009.

3 Foreign exchange reflects the impact of converting non-dollar denominated AUM into U.S. dollars for reporting purposes.

4 Advisory AUM represents long-term portfolio liquidation assignments.




Contact:
BlackRock, Inc.Media RelationsBobbie Collins, 212-810-8155 [e-mail]/Investor RelationsBrian Beades, 212-810-5596 [e-mail]

[unevilfavouredness]

This is going to go up a lot...the tidal wave is approaching.

Joshua
www.unamed.us

[jscot]

Green Bubba

Last Price (USD) $ 116.5
Change 3.62 (3.21%)
Bid -
Ask -
Volume 1,024,538
Day's Range 100.06 - 121.20

[jscot]

Last Price (USD) $ 148.72
Change ▲ 2.35 (1.61%)
Bid -
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Volume 1,010,066
Day's Range 141.00 - 151.80