Wall Street Week Ahead: Investors await BlackRock earnings after blistering second quarter market rally

NEW YORK - Investors will watch next week’s earnings from BlackRock, the world’s largest asset manager, for a snapshot of how the industry performed during the second quarter’s dramatic rebound in global financial markets.

Since the performance of asset managers tends to be tied to how markets fare, investors see a range of risks ahead, including further acceleration of U.S. coronavirus cases and potential market volatility around the Nov. 3 presidential election. Analysts expect a strong recovery in the sector’s assets under management in the second quarter, driven by rising financial markets and improving risk appetite. Higher levels of AUM mean more fees and stronger margins and earnings, analysts said.

Analysts at Morgan Stanley recently raised their estimate for second-quarter earnings-per-share for traditional asset managers by 19%. The firm’s own ETFs accounted for a large share of corporate bond ETFs it bought on behalf of the Fed as part of the central bank’s relief program. BlackRock waived asset management fees on ETFs purchased on behalf of the Fed.

Analysts at Goldman Sachs last week said the U.S. economy would shrink by 4.6% in 2020, from an earlier forecast of a 4.2% contraction.

Wall street just a casino for the rich..

Hi there, If you are looking for professional t-shirt designs, business card, (business/Facebook, twitter/ Linkedin post banner design) or flyer designs\\Background Removal. Contact

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Dow futures point to lackluster stock-market open as investors await weekly jobs dataU.S. stock-index futures Thursday morning see muted action as investors await a report on weekly jobless claims that is likely to show that more than one million Americans submitted claims for unemployment benefits amid the COVID-19 pandemic. Are they worried jobs will be added? Or excited that there will be jobs gone? I can’t tell anymore, the market is all coocoobananas. nobody gives a rat's ass they just buy it because Trump and the Fed tell them to
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

Mike Santoli's market notes: Mean reversion day, tech stocks hit Street targets, earnings aheadNew for subscribers: Mike Santoli's market notes: Mean reversion day, tech stocks hit Street targets, earnings ahead Check out CNBCPro for a free trial.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

5 things to know before the stock market opens ThursdayDow futures were lower and Nasdaq futures were higher Thursday, one day after a tech-led rally on Wall Street. They forgot stocks set to rally on horrid unemployment data for the 12th time.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »