On CNBC's "Halftime Report Final Trades," Brian Belski of BMO Capital Markets said Chubb Limited (NYSE:CB) is "part of our high-quality basket."
On July 23, Chubb posted better-than-expected second-quarter earnings. The company reported quarterly earnings of $5.38 per share which beat the analyst consensus estimate of $5.15. The company reported quarterly sales of $11.780 billion which beat the analyst consensus estimate of $11.642 billion.
Jim Lebenthal of Cerity Partners picked BlackRock, Inc. (NYSE:BLK), where assets under management are going up.
On Aug. 15, Deutsche Bank analyst Brian Bedell maintained BlackRock with a Buy rating and increased the price target from $912 to $937.
On July 15, BlackRock said second-quarter revenue rose 8% year-over-year to $4.805 billion, missing the consensus of $4.849 billion. Investment advisory, administration fees, and securities lending revenues increased to $3.875 billion from $3.611 billion a year ago, led by positive organic base fee growth and the impact of market beta on average AUM.
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Liz Young of SoFi named The Energy Select Sector SPDR Fund (NYSE:XLE) as her final trade.
Price Action:
- Chubb shares gained 0.1% to close at $272.64 on Thursday.
- BlackRock shares gained 1.7% to settle at $872.06 during Thursday's session.
- The Energy Select Sector SPDR Fund rose 1.2% during Thursday's session.
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