The largest of the U.S. preferred stock ETFs is the BlackRock iShares Preferred and Income Securities ETF (PFF), which has roughly $15 billion in assets under management. The largest holders of PFF ETF are major corporations such as Boeing (BA), Wells Fargo (WFC) and Citi Group (C).

Wells Fargo analyst Michael Brown raised the firm’s price target on BlackRock (BLK) to $1,175 from $1,155 and keeps an Overweight rating on the

Equities researchers at StockNews.com initiated coverage on shares of BlackRock (NYSE:BLK – Get Free Report) in a report issued on Friday. The brokerage set a “hold” rating on the asset manager’s stock.

BlackRock Inc (BLK) stock saw a modest uptick, ending the day at $1004.96 which represents a slight increase of $9.24 or 0.93% from the prior close of $995.72. The stock opened at $1000.9 and touched a low of $997.

Financial institutions are backing away from publicly aligning their investments with ESG goals, and now is the time to hold them to it.

BlackRock, Inc. has settled a dispute with Tennessee over its ESG practices, which the state said misled consumers.

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $470.0 to $1340.0 for BlackRock over the recent three months.

We are increasing our fair value estimate for Wells Fargo to $65 per share from $60 per share after incorporating the latest results. This fair value estimate is equivalent to 1.6 times the reported tangible book value per share as of the end of 2024.

Wells Fargo’s automobile- and mortgage-lending practices have now satisfied the requirements of a 2022 consent order set by federal regulators, the bank said.

BHF, which sells life insurance and offers annuities, is looking to be bought, The Financial Times reported today.

Brighthouse Financial shares are moving higher on Tuesday following a report suggesting that the company is exploring a potential sale.

The Brighthouse sale process comes as several other large life insurance platforms, including American Equity Life, American National, Global Atlantic and Talcott Resolution have merged into alternative asset managers. Assets managers are also currently pursuing a deal for Viridium Group, a German life insurance group backed by Cinven.