Which banks are owned by BlackRock? (2024)

Which banks are owned by BlackRock?

BlackRock (BLK -0.5%) owns roughly 262.30 million Wells Fargo shares. In aggregate, those shares are worth about $15 billion and account for 7.26% of the WFC ownership. Blackrock is a leading investment manager with some $10 trillion in assets under management.

Does BlackRock own Wells Fargo?

BlackRock (BLK -0.5%) owns roughly 262.30 million Wells Fargo shares. In aggregate, those shares are worth about $15 billion and account for 7.26% of the WFC ownership. Blackrock is a leading investment manager with some $10 trillion in assets under management.

How much of Bank of America does BlackRock own?

BlackRock owns over 491 million Bank of America shares, or 6.2% of its outstanding common stock. Its iShares Core S&P 500 ETF (IVV 1.15%) owns about 0.9% of Bank of America's shares.

Why is BlackRock so powerful?

BlackRock is a global firm that combines the benefits of worldwide reach with local service and relationships. Investment centers in 25 cities (including New York, London, San Francisco, Tokyo, and Hong Kong) facilitate access to major capital markets.

Does BlackRock own Bank of America?

Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 474.78MM shares of Bank of America Corp (BAC). This represents 5.9% of the company.

Does BlackRock own McDonald's?

Hedge funds don't have many shares in McDonald's. The Vanguard Group, Inc. is currently the largest shareholder, with 9.4% of shares outstanding. BlackRock, Inc. is the second largest shareholder owning 7.2% of common stock, and State Street Global Advisors, Inc. holds about 4.6% of the company stock.

Who is the biggest owner of BlackRock?

Larry Fink, one of the original eight Blackrock owners and founders, currently holds the positions of CEO and Chairman and is the largest individual shareholder of the company. As of 6 November 2023, he held 435,260 shares of the asset management firm.

How much Walmart does BlackRock own?

BlackRock, Inc., holds 3.60% of Walmart shares, worth about $13.6 billion. BlackRock, Inc., is a multinational investment company in New York City. It is the largest asset manager in the world, with about $10 trillion worth of assets as of January 2022.

Who is bigger, Vanguard or BlackRock?

Vanguard is the world's second-largest investment company or brokerage firm, offering a range of active and passive options, as well as a competitive fee structure and other attractive selling points. BlackRock, Inc. is the world's largest investment firm and asset manager.

Does BlackRock own Disney?

According to the latest SEC filing, BlackRock, another major institutional Disney owner, held 121,502,764 DIS shares as of Q4 2023. This was about 6.62% of the company's outstanding shares. Founded 36 years ago in 1988, today Blackrock is one of the biggest and best-known financial services companies in the world.

Does BlackRock own Amazon?

BlackRock (BLK -0.5%): Owns 627,171,762 Amazon shares, or 6.04% of shares outstanding.

Is BlackRock controlling the world?

BlackRock is the world's largest asset manager, with over $10 trillion in assets under management. This gives it a significant amount of power and influence over the global economy.

How much is Larry Fink really worth?

Who are BlackRock's biggest clients?

Companies using BlackRock Aladdin for Portfolio and Investment Management include: Microsoft, a United States based Professional Services organisation with 221000 employees and revenues of $243.00 billion, MetLife, a United States based Insurance organisation with 45000 employees and revenues of $66.41 billion, Swiss ...

Which company bought Wells Fargo?

Integration went poorly as many executives left. Wells Fargo became the first major US financial services firm to offer internet banking, in May 1995. After its string of acquisitions, in 1998, Wells Fargo Bank was acquired by Norwest Corporation of Minneapolis, with the combined company assuming the Wells Fargo name.

Who owns the majority of Wells Fargo stock?

Vanguard owns the most shares of Wells Fargo (WFC). The ownership structure can impact the company's decision making, as large institutional investors may exert influence on the company's management and can also affect the company's stock price with their buying and selling patterns.

What company did Wells Fargo merge with?

This article outlines the history of Wells Fargo & Company from its merger with Norwest Corporation and beyond. The new company chose to retain the name of "Wells Fargo" and so this article is about the history after the merger.

Does Warren Buffett own Wells Fargo Bank?

Wells Fargo

Warren Buffett and his company Berkshire Hathaway (BRK. A -0.50%) (BRK. B -0.82%) recently disclosed that they sold off their last remaining holdings of Wells Fargo (WFC -0.63%) in the first quarter of 2022.

Who is the original owner of Wells Fargo?

On March 18, 1852, our founders—Henry Wells and William G. Fargo—built an innovative start-up to help customers build businesses and manage money in a rapidly changing world.

Are Wells Fargo and Bank of America owned by the same company?

Key Financial Relationships: Bank of America and Wells Fargo Bank of America and Wells Fargo are separate banks, however; both of these institutions share many similarities when reporting their financial statements.