BlackRock’s first-quarter profit rises on higher fee income

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NEW DELHI: BlackRock posted an increase in first-quarter profit on Friday, as a rebound in world fairness markets bolstered the corporate’s funding advisory and administration charges.
Net income for the world’s largest asset supervisor rose to $1.57 billion, or $10.48 per share, within the three months ended March 31, from $1.16 billion, or $7.64 per share, a 12 months earlier.