BlackRock Link to Trump Shooting ahead of Quarterly Earnings

Investment management firm BlackRock Inc. (BLK) has ties to the Trump assassination attempt. Their earnings report is coming out later today.

The company actually showed the gunman from Saturday’s shooting in one of their advertisements. Thomas Matthew Crooks, who shot at former US president Donald Trump, injuring him, appeared in the background of a video shot by BlackRock back in 2022.

BlackRock issued a statement after the video resurfaced and said that they never hired Crooks or paid him any money for appearing in the video. The company denounced the violence of the incident and have distanced themselves from Crooks.

BlackRock is set to release its quarterly earnings report today, and the link between their company and the shooter does not seem to have cast a shadow on their stock price. The company’s stock is up by 0.34% from yesterday with a price of $830 per share.

What to Expect from the Earnings Report

Analysts have been looking at BlackRock’s numbers leading up to the press release scheduled for later today. The world’s largest money management company, BlackRock, has about $3.5 trillion in ETF assets. They are well ahead of any competition, with their next closest competitor Vanguard only holding about $2.7 trillion in assets.  

BlackRock has absolutely dominated its market, and it is expected to continue to do so throughout 2024. In the last two years, BlackRock has more than doubled its stock price, making it a sound investment for anyone wanting to expand their portfolio. US PPI data released recently could hinder the stock from achieving its full potential, as those numbers came in a bit higher than expected, but overall sentiment about the economy and inflation are still positive. BlackRock will likely continue to grow as the year progresses. 

ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.

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