BlackRock Assists Quintet Private Bank To Boost Their Investment Capabilities
Portfolio Pulse from Lekha Gupta
BlackRock Inc (NYSE:BLK) has signed a memorandum of understanding with Quintet Private Bank, controlled by Qatar's ruling Al Thani family, to provide investment tools, products, and solutions. The final agreement is expected in Q3 this year. BlackRock shares are trading lower by 1.56% at $682.00 premarket.
July 06, 2023 | 12:41 pm
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POSITIVE IMPACT
BlackRock has signed a MoU with Quintet Private Bank to provide investment tools and solutions. This partnership could potentially boost BlackRock's revenues in the future.
The partnership with Quintet Private Bank could potentially increase BlackRock's revenues by providing additional investment tools and solutions. However, the final agreement is yet to be signed and the impact on BlackRock's stock price will depend on the terms of the final agreement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100