To The Moon

Earnings Calendar (13Jan2025)

The banking sector opens the Q4/2024 earnings season. Some of the earnings of interest are from JPMorgan, TSMC, Citi, BlackRock, and Wells Fargo.

Let us look at BlackRock.

Observations from the financial performances for the last 10 years:

• Revenue grew from $11 billion in 2014 to $17.8 billion in 2023 The peak revenue was 2021 with an amount of $19.3 billion.

• Operating profit grew from $4.5 billion in 2014 to $6.3 billion in 2023. This is a distance from the $7.4 billion earned in the year 2021.

• Earnings per share EPS have grown from $19.17 in 2014 to $36.51 in 2023.

• The dividends per share have grown from $7.72 in 2014 to $20 in 2023.

• The price earnings (P/E) ratio of 25.1 shows that the company is rather reasonably priced.

The stock price has risen 22.4% from a year ago.

From the technical analysis, the stock has a “Strong Sell” rating.

From Analysts’ Sentiment, it has a “Buy” rating. With a price target of $1,150, the upside is 20.34%.

BlackRock (BLK) is expected to report earnings of $11.49 per share for the fourth quarter of 2024, which is an 18.9% increase year-over-year. The company is also expected to report revenues of $5.6 billion, which is a 20.9% increase from the previous year.

BlackRock is a company that we should monitor.

@TigerStars

$BlackRock(BLK)$

$Citigroup(C)$