NEW DELHI: BlackRock posted a rise in first-quarter profit on Friday, as a rebound in global equity markets bolstered the company’s investment advisory and administration fees.
Net income for the world’s largest asset manager rose to $1.57 billion, or $10.48 per share, in the three months ended March 31, from $1.16 billion, or $7.64 per share, a year earlier.
Republished. Link to Original Article: https://timesofindia.indiatimes.com/business/international-business/blackrocks-first-quarter-profit-rises-on-higher-fee-income/articleshow/109245172.cms