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Today’s Stocks to Watch: BlackRock and Goldman Sachs

enero 15, 2025 OnEquity

Key Points To Watch Out For:

  • Shares of Citi, Goldman Sachs and JPMorgan are in the focus as they report results
  • BlackRock reports a new record in assets managed and beat revenue expectations
  • Bureau Veritas plans a strategic acquisition in Europe that could cement its leadership

BlackRock (BLK): Record Investments and Strong Revenues

BlackRock, the world’s largest asset manager, ended the fourth quarter with an all-time high of $11.6 trillion in assets under management. The company also exceeded revenue forecasts, propelling its shares higher in early pre-market trading. This achievement underscores the effectiveness of its diversification strategy into global assets and cements its position as an industry leader.

Citi (CITI), Goldman Sachs (GS), JPMorgan (JPM), and Wells Fargo (WFC): Banking Results in Focus

Investors are closely watching major U.S. banks as they prepare to announce their quarterly earnings. Wells Fargo saw a 1.5% rise in pre-market trading, reflecting positive market expectations. The financial results from these banking giants are expected to set the tone for the financial sector in the coming months, providing insights into economic resilience and future trends in lending and investment activities.

Bureau Veritas (BVI): European Sector Consolidation

France’s Bureau Veritas is in discussions to acquire its Swiss rival SGS (CH:SGSN) in a deal that could create a combined company valued at approximately $33 billion. While SGS shares experienced a slight dip, Bureau Veritas enjoyed a rally in European markets, signaling investor optimism about the potential merger’s strategic benefits.

Lineage (LINE): Strategic Reorganization Post-IPO

Lineage, the world’s largest refrigerated storage company, announced job cuts just six months after raising $4.4 billion in its initial public offering. The decision highlights a strategic shift as the company navigates post-IPO challenges, aiming to streamline operations and adapt to evolving market conditions.

Bunge (BG): Progress in Strategic Acquisitions

Canadian agricultural giant Bunge has received regulatory approval to acquire Viterra, backed by Glencore, in an $8.2 billion deal. Pre-market trading showed stability in Bunge shares, while Glencore experienced a modest uptick in London. This acquisition is poised to strengthen Bunge’s position in the global agricultural market and expand its operational footprint.

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