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BlackRock 1Q Profits Jump as Assets Under Management Rise

Blackrock Headquarters

 (Reuters)

BlackRock Inc (BLK), the world's largest money manager, said on Thursday its first-quarter profit rose sharply, boosted by strength in its retail business and positive flows across asset classes.

The New York-based asset manager reported net income of $756 million, or $4.40 per share, up from $632 million, or $3.62 per share, a year earlier.

 

(Reporting by Ashley Lau in New York)

((Ashley.Lau@thomsonreuters.com)(+1 646 223