(CercleFinance.com) – BlackRock, the world’s leading asset manager, publishes adjusted net profit up 23% year-on-year, to $1.47 billion for the first quarter of 2024, or $9.81 per share (+24%).
The New York group saw its adjusted operating margin improve by 1.8 points to 42.2% for revenues up 11% to $4.73 billion, while its average assets under management increased. by 14% to 10.177 billion.
‘Clients are turning to BlackRock to unlock the full potential of their portfolios, which is reflected in industry-leading net inflows of $236 billion over the last twelve months,’ said its president and CEO Laurence Fink.
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