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BlackRock and Bank Earnings Matter Most Today for Long Term Investors

I rolled out of bed this morning and my phone was full of distractions. The Warren Buffett and Bill Gates Foundation drama, the Stripe deal with PayPal and Block, a Wall Street Journal headline about blockbuster stock sales overwhelming the bull market. None of that is the most important story today. Financial earnings are. BlackRock reported a strong quarter with assets under management hitting a record $15.3 trillion, up 22% year over year, revenue up 31%, GAAP operating income up 42%, and the company raising planned 2026 share repurchases to $2 billion. The stock is up over 5% pre-market…

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