Investing.com - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Blackrock Shares Recover, Trailing Behind Wells Fargo and Morgan Stanley

Published 17/10/2023, 08:16 am
© Reuters.
JPM
-
WFC
-
MS
-
BLK
-

In Monday's trading session, shares of BlackRock Inc (NYSE:BLK). saw a bounce back, rising by 1.24% to $635.45, following a two-day slump. Despite the recovery, the stock closed $150.20 lower than its annual peak of $785.65, which was achieved on November 11th. The firm's performance was mixed when compared to its competitors.

The broader market also experienced an uptick with the S&P 500 Index and the Dow Jones Industrial Average gaining 1.06% and 0.93% respectively. In this upbeat market environment, BlackRock managed to outperform JPMorgan Chase & Co. (NYSE:JPM), which recorded a minor drop of 0.10%.

However, BlackRock fell short when compared to Wells Fargo (NYSE:WFC) & Co., and Morgan Stanley (NYSE:MS) who both enjoyed increases of 1.68% and 1.21%. The day's trading volume for BlackRock was notably high at 695,240, exceeding its 50-day average volume.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.