Michael Castellano - BlackRock MIT Independent Trustee

BLE Stock  USD 11.08  0.11  1.00%   

Executive

Mr. Michael J. Castellano is Independent Trustee of BlackRock Municipal Income Trust II. Mr. Castellano is Chief Financial Officer of Lazard Group LLC from 2001 to 2011 Chief Financial Officer of Lazard Ltd from 2004 to 2011 Director, Support Our Aging Religions since 2009 Director, National Advisory Board of Church Management at Villanova University since 2010 Trustee, Domestic Church Media Foundation since 2012. since 2011.
Age 75
Tenure 13 years
Address 50 Hudson Yards, New York, NY, United States, 10001
Phone212 810 5300
Webhttps://www.blackrock.com/investing/products/24022

BlackRock MIT Management Efficiency

The company has Return on Asset of 0.0235 % which means that on every $100 spent on assets, it made $0.0235 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0479 %, implying that it generated $0.0479 on every 100 dollars invested. BlackRock MIT's management efficiency ratios could be used to measure how well BlackRock MIT manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Equity is expected to grow to 0.05, whereas Return On Tangible Assets are forecasted to decline to 0.03. At present, BlackRock MIT's Other Assets are projected to increase significantly based on the last few years of reporting. The current year's Debt To Assets is expected to grow to 0.37, whereas Non Current Assets Total are forecasted to decline to about 863.9 M.
BlackRock MIT II has 268.59 M in debt with debt to equity (D/E) ratio of 0.63, which is OK given its current industry classification. BlackRock MIT II has a current ratio of 0.12, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for BlackRock to invest in growth at high rates of return.

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BlackRock Municipal Income Trust II is a closed ended fixed income mutual fund launched by BlackRock, Inc. BlackRock Municipal Income Trust II was formed on July 30, 2002 and is domiciled in United States. Blackrock Muni is traded on New York Stock Exchange in the United States. BlackRock MIT II (BLE) is traded on New York Stock Exchange in USA. It is located in 50 Hudson Yards, New York, NY, United States, 10001 and employs 20 people. BlackRock MIT is listed under Asset Management & Custody Banks category by Fama And French industry classification.

Management Performance

BlackRock MIT II Leadership Team

Elected by the shareholders, the BlackRock MIT's board of directors comprises two types of representatives: BlackRock MIT inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BlackRock. The board's role is to monitor BlackRock MIT's management team and ensure that shareholders' interests are well served. BlackRock MIT's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BlackRock MIT's outside directors are responsible for providing unbiased perspectives on the board's policies.
Henry Gabbay, Independent Trustee
Robert Hubbard, Independent Trustee
Karen Robards, Independent Vice Chairman of the Board of Trustees
Richard Cavanagh, Independent Co-Chairman of the Board of Trustees
Charles Park, Chief Compliance Officer
Frank Fabozzi, Independent Trustee
J Holloman, Independent Trustee
Janey Ahn, Secretary
John Perlowski, President, Chief Executive Officer, Director, Trustee
Michael Castellano, Independent Trustee
Cynthia Egan, Independent Trustee
Jay Fife, Treasurer
Jonathan Diorio, Vice President
Robert Fairbairn, Trustee
Neal Andrews, Chief Financial Officer
Trent Walker, Chief Financial Officer
Catherine Lynch, Independent Trustee
CFA Jaeckel, Portfolio Manager
Stayce Harris, Independent Trustee
W Kester, Independent Trustee

BlackRock Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is BlackRock MIT a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether BlackRock MIT II is a strong investment it is important to analyze BlackRock MIT's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact BlackRock MIT's future performance. For an informed investment choice regarding BlackRock Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BlackRock MIT II. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BlackRock MIT. If investors know BlackRock will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BlackRock MIT listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.42)
Dividend Share
0.552
Earnings Share
0.61
Revenue Per Share
0.807
Quarterly Revenue Growth
(0.08)
The market value of BlackRock MIT II is measured differently than its book value, which is the value of BlackRock that is recorded on the company's balance sheet. Investors also form their own opinion of BlackRock MIT's value that differs from its market value or its book value, called intrinsic value, which is BlackRock MIT's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BlackRock MIT's market value can be influenced by many factors that don't directly affect BlackRock MIT's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BlackRock MIT's value and its price as these two are different measures arrived at by different means. Investors typically determine if BlackRock MIT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BlackRock MIT's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.