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Home›ETFs & Funds›Fund Industry›BlackRock profit rises as assets under management reac…

BlackRock profit rises as assets under management reach record $15 trillion

BlackRock also said it will increase quarterly buybacks to $550 million.

Reported · Written up by our desk · Fund Industry

BlackRock’s profit rose as the firm said its assets under management hit a record $15 trillion, a level investors tracked alongside the company’s buyback plan.

According to MarketWatch, the company’s shares gained after it announced it will boost quarterly share repurchases to $550 million.

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Sources

MarketWatchBlackRock profits jump as assets under management hit a record $15 trillion
MarketWatchBlackRock profits jump as assets under management hit a record $15 trillion

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