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BlackRock profit dives 23%
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BlackRock’s fourth-quarter profit fell 23%, capping off a turbulent year for markets that delivered heavy losses to investors.
The world’s largest asset manager reported net income of $1.26bn, down from $1.64bn in the same period a year earlier. Earnings amounted to $8.29 per share. That exceeded the $8.13 expected by analysts polled by FactSet.
Revenue...
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