BlackRock quarterly profit rises on strong assets under managementOn an adjusted basis, the world's largest asset manager earned $1.45 billion, or $9.66 per share, for the three months ended Dec. 31, compared with $1.36 billion, or $8.93 per share, a year earlier.
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BlackRock posted an 8 per cent jump in its fourth-quarter profit on Friday, helped by a rebound in markets that boosted the company's assets under management.
On an adjusted basis, the world's largest asset manager earned $1.45 billion, or $9.66 per share, for the three months ended Dec. 31, compared with $1.36 billion, or $8.93 per share, a year earlier.