Earnings in the coming week (09Oct2023) - Will BlackRock sink?

KYHBKO
2023-10-07

Earnings Calendar (09Oct2023)

The above is the monthly calendar for the new Q3/2023 season. For the coming week, there are a few earnings of interest that include Pepsico, Delta, Domino’s Pizza, Citi, BlackRock, Wells Fargo, JP Morgan and United Health.

Let us look at the recent performance of BlackRock.

The Performance of BlackRock (BLK) - will BlackRock continue to sink?

The above is the 10-year performance of BLK. It has an impressive 10-year median of 50.8% Gross Profit, 39.3% for pre-tax income and 24.1% FCF.

Though there was a dip in annual revenue from 2021 to 2022, the business remains highly profitable and remains one of the biggest financial institutes in the world.

The above shows the 1-year performance of BLK and it was on a recent downtrend after hitting a 52-week high of 785.65.

The stock has gained 13.41% from a year ago and has an attractive P/E of 18.79.

For the coming earnings, investing has a forecast of 8.55 and 4.61B for its EPS and revenue respectively. Will BlackRock be able to surge once again?

@TigerStars

$BlackRock(BLK)$

$Wells Fargo(WFC)$

$Citigroup(C)$

# Bank earnings coming! Surprise or Shock?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（10）

  • Top
  • Latest
  • LeilaLynch
    ·2023-10-08
    TOP

    I own a little bit a BLK and may add more soon. Just curious, what % is it in your dividend stock portfolio?

    Reply
    Report
    Fold Replies
    • KYHBKO: 

      i do not own any BLK stocks. I am monitoring recently as they are going to be one of the first with a crypto ETF

      2023-10-08
      Reply
      Report
  • KittyBruno
    ·2023-10-08
    TOP

    I'm curious, is the entire thesis that BLK is a good buy, because the shares are cheaper than once was the case

    Reply
    Report
    Fold Replies
    • KYHBKO: 

      to me, I am monitoring BLK though the P/E is attractive and they do have good profits.  their foray into crypto ETF has caught my interest.

      2023-10-08
      Reply
      Report
  • MyrnaNorth
    ·2023-10-08
    TOP

    I remained quite upbeat on the shares at these levels, and a patient holder, looking to average down on further dips.

    Reply
    Report
    Fold Replies
    • KYHBKO: 

      thanks for your sharing.  All the best.

      2023-10-08
      Reply
      Report
  • EmilyMark
    ·2023-10-08
    TOP

    I was a Blackrock investor, but have switched into BX and KKR. Yes, I think BLK's best days are in the rearview mirror.

    Reply
    Report
    Fold Replies
    • KYHBKO: 

      thanks for sharing. Any reason why BLK's best days are over? Wishing you the best.

      2023-10-08
      Reply
      Report
  • BorisBack
    ·2023-10-08
    TOP

    Probably the fast growth years are over but as the market rises BLK should do fine.

    Reply
    Report
    Fold Replies
    • KYHBKO: 

      do you think that they will gain with the crypto ETF?

      2023-10-08
      Reply
      Report