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BlackRock profit rises as assets under management reach record $15 trillion
BlackRock also said it will increase quarterly buybacks to $550 million.
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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