BlackRock Inc (NYSE:BLK) reported its fourth-quarter results ahead of expectations, with 12% growth in organic base fees, according to Goldman Sachs.
The BlackRock Analyst: Analyst Alexander Blostein reiterated a Buy rating and price target of $1,234.
The BlackRock Thesis: The company reported net revenues of $6.33 billion, beating Street expectations by 3%, and adjusted earnings at $13.16 per share, topping consensus of $12.09 per share, Blostein said in the note.
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