BlackRock profit slips but inflows rise amid Q4 market rebound
By Davide Barbuscia and Mehnaz Yasmin (Reuters) -BlackRock Inc reported an 18% drop in fourth-quarter profit on Friday, hit by a global market rout that squeezed fee income, but registered $146 billion of long-term net inflows in the quarter as stocks and bonds rebounded. Financial markets were thrown into turmoil last year by a swift …
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