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BlackRock struck optimistic tone on organic fee trends, says Goldman Sachs

Goldman Sachs analyst Alexander Blostein keeps a Buy rating and $1,313 price target on BlackRock (BLK) after its CFO Martin Small presented at the firm’s 2025 US Financial Services Conference this afternoon. The management struck an optimistic tone on persistently strong organic fee growth trends into Q4 and 2026, supported by diversified organic growth and improving fee rate dynamics, the analyst tells investors in a research note. The company also spoke to early signs of emergence of a total portfolio approach across institutional allocators and also provided an update around integration of recently-acquired private markets managers while speaking to drivers of growth in the alts business, the firm added.

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