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MarketBeat
MarketBeat
Leo Miller

BlackRock Breaks Records: Why the Stock Still Has Room to Run

So far in 2025, the financials sector has been among those outperforming the overall market as of the Jan. 17 close. The Financial Select Sector SPDR (NYSEARCA: XLF), which tracks the performance of financial stocks in the S&P 500, is up nearly 4%. That is double the 2% return of the S&P 500 itself.

Although down on the year, one stock that has helped contribute to this sector's outperformance recently is BlackRock (NYSE: BLK). It is up over 5% in the past week. The world’s largest asset manager broke records with its latest quarterly results. The company posted record revenues, as well as record assets under management (AUM).

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