2Q26 First Take: Solid Performance; Buybacks Increasing

Research evidence excerpt

2Q26 First Take: Solid Performance; Buybacks Increasing

tions or views expressed

in this research report.

I, He Duan, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and subject

company(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed

I, Eli Joyner, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and subject

I, Hector Erazo Pinto, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and

subject company(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views

expressed in this research report.

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based in part on the overall performance of the firm, including investment banking income. We seek to update our research as appropriate, but various regulations

may prevent us from doing so. Aside from certain industry reports published on a periodic basis, the large majority of reports are published at irregular intervals

as appropriate in the analyst's judgement.

Investment Recommendation Record

(Article 3(1)e and Article 7 of MAR)

Recommendation Published July 15, 2026 7:37 A.M.

Recommendation Distributed July 15, 2026 7:37 A.M.

Company Specific Disclosures

Steven DeSanctis owns shares of Blackrock , Inc. common stock.Ian Ryave owns shares of Blackrock, Inc common stock.