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BlackRock’s earnings for the first quarter climb due to increased fee revenue.


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.

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