© Reuters.
In Monday’s trading session, shares of BlackRock Inc (NYSE:). saw a bounce back, rising by 1.24% to $635.45, following a two-day slump. Despite the recovery, the stock closed $150.20 lower than its annual peak of $785.65, which was achieved on November 11th. The firm’s performance was mixed when compared to its competitors.
The broader market also experienced an uptick with the and the gaining 1.06% and 0.93% respectively. In this upbeat market environment, BlackRock managed to outperform JPMorgan Chase & Co. (NYSE:), which recorded a minor drop of 0.10%.
However, BlackRock fell short when compared to Wells Fargo & Co., and Morgan Stanley who both enjoyed increases of 1.68% and 1.21%. The day’s trading volume for BlackRock was notably high at 695,240, exceeding its 50-day average volume.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Read the full article here
