BlackRock Stock Surges on Q3 Earnings Beat and New Humana Joint Venture

3-line summary

• BlackRock shares rose 3.7% premarket after Q3 2026 results beat expectations: adjusted EPS of $15.93 versus a consensus of about $14.25 (up ~11.8%), revenue of $7.75 billion versus an estimated $7.44-7.46 billion, and net income of $1.66 billion, up 26% year-on-year, according to Investing.com. Assets under management hit a record $15.3 trillion as of the prior quarter, with $868 billion in net inflows over the trailing 12 months.
• Separately, Humana will form a joint venture with BlackRock subsidiary HPS Investment Partners to operate about 150 CenterWell senior clinics; BlackRock will acquire an existing stake (valued at about $2.8 billion) and hold majority ownership of the new entity. TD Cowen raised its price target to $1,212 from $1,190, with a consensus 'strong buy' rating and average target near $1,314.

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