Advertisement
New Zealand markets closed
  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     
  • NZD/USD

    0.5892
    -0.0013 (-0.22%)
     
  • NZD/EUR

    0.5523
    -0.0022 (-0.39%)
     
  • ALL ORDS

    7,817.40
    -81.50 (-1.03%)
     
  • ASX 200

    7,567.30
    -74.80 (-0.98%)
     
  • OIL

    83.24
    +0.51 (+0.62%)
     
  • GOLD

    2,406.70
    +8.70 (+0.36%)
     
  • NASDAQ

    17,037.65
    -356.67 (-2.05%)
     
  • FTSE

    7,895.85
    +18.80 (+0.24%)
     
  • Dow Jones

    37,986.40
    +211.02 (+0.56%)
     
  • DAX

    17,737.36
    -100.04 (-0.56%)
     
  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • NZD/JPY

    91.0710
    -0.1830 (-0.20%)
     

Trump Administration’s Reforms to Benefit BlackRock and Industry

Trump Administration’s Reforms to Benefit BlackRock and Industry

The US Senate recently passed the Tax Cuts and Jobs Act, which gives a tax break to corporates from 35.0% to 21.0%. BlackRock (BLK) had an adjusted tax rate of 31.3% in 4Q17, implying a 10.0% rise in earnings per share on the implementation of the bill. State Street Advisors (STT), T. Rowe Price (TROW), and Wells Fargo (WFC), which have domestic exposure, tend to benefit more than their peers.