Two Rival Firms Advise Clients to Buy BlackRock Amid Strong Q2 Performance
BlackRock (BLK) reported record assets under management of $15.34 trillion in the second quarter of 2026, with revenue rising by 31% year-over-year and net inflows reaching $191.7 billion. Despite this strong performance, its stock price has declined since July 15 following earnings release. In response to these developments, JPMorgan Chase (JPM) and Morgan Stanley (MS), two of BlackRock’s major competitors in asset management, raised their target prices for BLK on July 16. These upgrades were not immediately reflected in the stock's performance but have since drawn attention from traders betting on a potential recovery. The put-call ratio has shifted slightly toward bullish bets over the following days, suggesting growing optimism among long-term investors despite continued selling pressure indicated by Chaikin Money Flow (CMF). Institutional sellers still control BlackRock’s stock, with CMF remaining below zero. However, its decline in negativity suggests a gradual shift as traders begin to respond positively to analyst upgrades.
Topics: BlackRock institutional trading money flow put-call ratio trading activity