), the world’s largest asset manager, took in less cash last quarter as investors moved into lower-cost bond funds, and it made less money lending out stocks.
The company’s revenue for the three months through June 30 fell 2.2% to $3.52 billion from a year earlier, affected also by some fee cuts the company has made and lower fees for attaining performance targets. “I can’t control that; that’s more environmental,” said BlackRock Chief Executive Larry Fink in an interview.
Ownership Ripple
Is that why Friedrich Merz is into re-entering politics? I for one want to believe it.
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BlackRock's profit hit by lower fees for lending stocksBlackRock Inc , the world's largest asset manager, took in less cash last q... Really
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