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BlackRock Exclusive: Breaks $10tn AUM Milestone

BlackRock, the world’s largest asset manager, exceeded expectations in Q4 with a rise in assets under management (AUM) to $10tn.

BlackRock CEO Larry Fink delivers strong results for $10tn AUM. PHOTO: Shutterstock/Bloomberg
BlackRock CEO Larry Fink delivers strong results for $10tn AUM. PHOTO: Shutterstock/Bloomberg

The growth is attributable to rising US markets and $96bn in new client inflows. Net income rose 9% from the same period in the previous year to $1.4bn.

Adjusted net income increased by 7% to $1.5bn, beating an average analyst forecast of $8.84 per share by LSEG data. The growth in AUM positions BlackRock as the world’s largest asset

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