BLK manages $10T in assets yet their market cap is only $111B. I've heard that they own everything and are way too powerful. What am I missing?
$10T in assets, $111B in market cap, 19x PE ratio. They're only up 3% for the year while SPY is up 8%.
I mean, Apple is worth 24x BlackRock in market cap! I know they are very different companies, but still…
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