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31.10 - 14:23
BlackRock reports 16% profit drop amid souring market
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A souring market weighed on investing giant BlackRock in the third quarter, pushing profit down 16%.
The world’s largest asset manager reported net income of $1.41bn, down from $1.68bn in the same period a year earlier.
Earnings amounted to $9.25 a share. That exceeded the $7.06 expected by analysts polled by FactSet.
Revenue...
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