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News

Chubb, BlackRock And More On CNBC's 'Final Trades'

Author: Avi Kapoor | August 16, 2024 09:22am

On CNBC's “Halftime Report Final Trades,” Brian Belski of BMO Capital Markets said Chubb Limited (NYSE:CB) is “part of our high-quality basket.”

On July 23, Chubb posted better-than-expected second-quarter earnings. The company reported quarterly earnings of $5.38 per share which beat the analyst consensus estimate of $5.15. The company reported quarterly sales of $11.780 billion which beat the analyst consensus estimate of $11.642 billion.

Jim Lebenthal of Cerity Partners picked BlackRock, Inc. (NYSE:BLK), where assets under management are going up.

On Aug. 15, Deutsche Bank analyst Brian Bedell maintained BlackRock with a Buy rating and increased the price target from $912 to $937.

On July 15, BlackRock said second-quarter revenue rose 8% year-over-year to $4.805 billion, missing the consensus of $4.849 billion. Investment advisory, administration fees, and securities lending revenues increased to $3.875 billion from $3.611 billion a year ago, led by positive organic base fee growth and the impact of market beta on average AUM.

Don't forget to check out our premarket coverage here

Liz Young of SoFi named The Energy Select Sector SPDR Fund (NYSE:XLE) as her final trade.

Price Action:

  • Chubb shares gained 0.1% to close at $272.64 on Thursday.
  • BlackRock shares gained 1.7% to settle at $872.06 during Thursday's session.
  • The Energy Select Sector SPDR Fund rose 1.2% during Thursday's session.

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Posted In: BLK CB XLE

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