BlackRock, Inc. (BLK): A Bull Case Thesis

We came across a bullish thesis on BlackRock, Inc. on Rigatoni Capital’s Substack. In this article, we will summarize the bulls’ thesis on BLK. BlackRock, Inc.’s share was trading at $1,039.94 as of December 1st. BLK’s trailing and forward P/E were 26.77 and 19.34 respectively according to Yahoo Finance.

BlackRock (BLK) continues to demonstrate its dominance in the asset management industry, reaching a record-high assets under management (AUM) of $13.5 trillion. The company reported an impressive year-over-year revenue increase of $6.5 billion, representing a 25% growth, highlighting its ability to capitalize on broad market trends. According to Josh Brown on CNBC’s Halftime Report, BlackRock is hitting all-time highs across multiple business lines, including cash management, fixed income, equities, and even crypto, reflecting the company’s diversified exposure and resilience in the global economy.

This performance underscores BlackRock’s strong positioning to benefit from ongoing economic expansion, with consistent inflows and growth in both institutional and retail segments. The firm’s strategic management and scale allow it to capture opportunities across virtually all market conditions, driving sustainable revenue and earnings growth. For investors, the stock has proven highly rewarding, with some holdings appreciating nearly 95%, illustrating the potential upside of owning a leading global asset manager. BlackRock’s ability to combine scale, innovation, and diversified offerings positions it uniquely in the financial ecosystem, creating a compelling case for continued growth and shareholder value creation.

The company’s operational strength, coupled with favorable market conditions, makes it a core holding for long-term investors seeking exposure to the asset management industry. With multiple catalysts driving performance and a track record of consistent returns, BlackRock represents a standout opportunity in financial markets, offering both stability and growth potential for equity and credit investors alike.

Previously we covered a bullish thesis on BlackRock, Inc. (BLK) by Kroker Equity Research in February 2025, which highlighted record net inflows, strong revenue growth across multiple asset classes, and strategic acquisitions in private markets. The company’s stock price has appreciated approximately by 4.82% since our coverage. The thesis still stands as BlackRock remains a dominant asset manager. Rigatoni Capital shares a similar perspective but emphasizes the record-high AUM of $13.5 trillion and broad-market performance across equities, fixed income, cash management, and crypto.

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Disclosure: None.