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Benzinga
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Strong Fee Growth And Citi Mandate Boost BlackRock's Outlook

1. BlackRock's Q3 results exceeded expectations with revenue growth of 25%. 2. Assets under management rose to $13.5 trillion, indicating strong demand. 3. Goldman Sachs maintains a buy rating, forecasting price target of $1,312. 4. CEO highlights a focus on blockchain and rapid growth in cryptocurrency market. 5. Continued momentum expected into Q4 with support from seasonal trends.

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FAQ

Why Bullish?

Strong performance boosts investor confidence, similar to past earnings surprises.

How important is it?

Strong earnings and strategic focus suggest high likelihood of positive price movement.

Why Short Term?

Positive quarterly results can lead to immediate stock price increases.

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