BlackRock beats estimates as assets swell to nearly $7-trillion
‘We seem to be winning more wallet share,’ says CEO Larry Fink
15 October 2019 - 20:07
New York — BlackRock, the world’s largest asset manager, exceeded analysts’ estimates for quarterly profit on Tuesday, as investors poured money into its fixed-income funds and cash management business amid worries about global growth.
The company attracted $84.25bn in new money during the third quarter, boosting its total assets managed to $6.96-trillion...
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