Morgan Stanley analyst Michael Cyprys raised the firm’s price target on BlackRock (BLK) to $1,275 from $1,261 and keeps an Overweight rating on

Asset manager BlackRock's senior executive Mark Wiedman, who was touted to be a potential successor to CEO Larry Fink, is departing the firm, said two sources familiar with the matter.

Larry Fink had evangelized on the need to use the company’s investing might to force corporations to reduce their carbon footprint.

BlackRock (BLK – Research Report), the Financial sector company, was revisited by a Wall Street analyst today. Analyst Michael Cyprys from

The world’s largest asset manager, with more than $10 trillion in assets under management, has dropped out of the Net Zero Asset Managers initiative, following the recent withdrawals of Morgan Stanley,

Fink and other top executives had evangelized on the need to use the company’s investing might to force corporations to reduce their carbon footprint, joining Net Zero in 2021.

Signal Advisors Wealth LLC trimmed its position in shares of BlackRock, Inc. (NYSE:BLK – Free Report) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC.

Wiedman, head of the global client business, was instrumental in driving BlackRock’s growth in passive investing.

Bank of America and Morgan Stanley are next up in a series of bank earnings reports due out this week. The firms report fourth-quarter results on Thursday morning. Their competitors—JPMorgan Chase, Wells Fargo,

Shares of BlackRock Inc. rose 5.19% to $1,013.18 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.83% to 5,949.91 and the Dow Jones Industrial Average rising 1.

Morgan Stanley Mortgage Capital Holdings has scheduled a foreclosure auction for the 2.2M SF office park near the intersection of Peachtree and Piedmont roads, alleging that Ardent is in default on more than $330M in debt secured by the 14 office buildings that make up the complex.

BlackRock agreed to increase its disclosure of proxy voting practices and to a third-party audit to show it is complying with the state's terms.