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New York-based BlackRock, Inc. (BLK) is the world’s largest asset management firm. It provides various investment and technology services to institutional and retail clients. With a market cap of $131.2 billion, BlackRock’s operations span various countries in the Americas, Europe, Asia-Pacific, Africa, and internationally.
Shares of the asset manager have outperformed the broader market over the past year. Over the past 52 weeks, BLK has gained 30.7%, outpacing the S&P 500 Index’s ($SPX) 27.5% returns. However, in 2024, BLK is up 8.8%, underperforming SPX’s 17.8% gains on a YTD basis.
