BlackRock Assets Under Management Rise Through $10T
The world’s largest asset manager, BlackRock (BLK), said assets under management (AUM) climbed through $10 trillion in the second quarter.
AUM rose almost 13% from the year-earlier period to $10.6 trillion, while earnings per share (EPS) rose to $9.99 from $9.06, the company said in a statement. Revenue increased 7.7% to $4.8 billion.
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Edited by Sheldon Reback.