Market Updates
BlakcRock Quarterly Net Asset Inflow Drops to $85 Billion
Bridgette Randall
13 Apr, 2022
New York City
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BlackRock said first quarter revenues increased 7% to $4.7 billion from a year ago and net income rose less than 2% to $1.43 billion. Earnings per share rose 20% to $9.35 from $7.77 a year ago on lower share count and effective tax rate offset by lower non-operating income. Total net asset flow fell to $85 billion from $172 billion in a year ago period. Quarterly dividend was hiked 18% to $4.88.
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Earnings
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