BlackRock profit falls on declining fee income
ReutersApr 11, 2025 10:03 AM
April 11 (Reuters) - BlackRock BLK.N posted a drop in first-quarter profit on Friday as the world's largest asset manager took a hit from weakness in equity markets following uncertainty around U.S. tariffs.
The company's net income came in at $1.51 billion, or $9.64 per share, for the three months to March 31, down from $1.57 billion, or $10.48 per share, a year earlier.
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