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BlackRock profits jump 20% despite market volatility
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BlackRock reported higher quarterly profit even as market volatility lowered the investment firm’s assets under management to $9.6tn.
The world’s largest asset manager reported net income of $1.4bn, or $9.35 a share, in the first quarter of 2022 ending March 31, up 20% from $1.2bn in the same period a year earlier.
BlackRock exceeded analyst...
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