BlackRock Profit Jumps on Broader Pandemic Recovery

BlackRock Profit Jumps on Broader Pandemic Recovery - WSJ

The world’s largest money manager posts a profit of $1.2 billion and sees assets under management rise to $9 trillion.

BlackRock Inc.’s quarterly profit rose 49% as the giant asset manager benefited from surging markets and investors’ willingness to bet on an economic recovery. The firm posted a first-quarter profit of $1.2 billion. or $7.77 a share. up from $806 million.

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