BlackRock (BLK) Declines More Than Market: Some Information for Investors

BlackRock stock declined 1.3% to $1,065.60, underperforming the S&P 500's 0.48% loss. The stock has fallen 8.02% over the past month, significantly lagging the Finance sector. However, analysts project strong earnings growth with Q3 EPS expected at $14.24 (up 23.29% YoY) and full-year earnings of $55.86 per share (up 16.16% YoY). BlackRock holds a Zacks Rank #3 (Hold) rating with a Forward P/E of 19.33, trading at a premium to its industry average of 11.7.