BlackRock: Still A Buy After Q3 But Yield Risks Are Emerging

BlackRock has reported strong results for the third quarter, but analysts are warning of emerging yield risks.

The world's largest asset manager saw its assets under management (AUM) reach a record $10.1 trillion.

However, BlackRock's iShares ETF business saw outflows for the first time in two years, and the company's fixed income business faced headwinds due to rising interest rates.

Analysts have maintained a 'buy' rating on the stock, with a price target of $750.