You are here

BlackRock quarterly profit falls 20%

37684038 - 08_03_2016 - ASIA-INVESTMENT_ACTIVISM.jpg
BlackRock Inc, the world's largest asset manager, said on Thursday its profit fell about 20 per cent during a first quarter that featured a dramatic reversal for markets.

[NEW YORK] BlackRock Inc, the world's largest asset manager, said on Thursday its profit fell about 20 per cent during a first quarter that featured a dramatic reversal for markets.

The New York-based company's net income fell to US$657 million, or US$3.92 per share, in the three months ended March 31, from US$822 million, or US$4.84 per share, a year earlier.

REUTERS

sentifi.com

Market voices on:

Powered by GET.comGetCom