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BlackRock profit falls on declining fee income

Apr 11, 2025 3:27 AM

April 11 (Reuters) - BlackRock ( BLK ) 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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