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BlackRock’s shares have reached a record high ahead of its upcoming earnings report scheduled for July 15. The company’s stock has surged to $1,112.13, marking a new all-time high.
Despite this upward trend, BlackRock is warning investors about the risks associated with rising U.S. government debt levels. The firm urges clients to diversify their portfolios by reducing their exposure to U.S. assets and focusing on more geographic and asset class diversification.
BlackRock’s strong fundamentals have contributed to its impressive stock performance. The company posted $20.96 billion in trailing 12-month revenue, with a net income of $6.31 billion. This represents a 30.09% profit margin and a return on equity of 13.93%.
Source: coincentral.com
