), 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.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
BlackRock's profit hit by lower fees for lending stocksBlackRock Inc , the world's largest asset manager, took in less cash last q... Really
Fonte: Reuters - 🏆 2. / 97 Consulte Mais informação »
After years of plenty America Inc is struggling to crank out more earningsTo assume profits for big American firms will keep on growing is complacent—and possibly dangerous Economic inequality catching up to them? It was a good run... for them. Or maybe just plain stoopid! Market just hit an all time high for the 2nd time in 1year
Fonte: TheEconomist - 🏆 6. / 92 Consulte Mais informação »
After years of plenty America Inc is struggling to crank out more earningsThe earnings boom of the past two decades has been fuelled by a few exceptionally profitable tech firms Long Bitcoin. Short the Banks. America Inc mints $1bn every five hours. But the era of relentlessly exploiting poor folks is under threat of exploiting them to death not to mention the gold standard being advocated by Trumpty bird's latest fed nomination is complete absurd non sense.
Fonte: TheEconomist - 🏆 6. / 92 Consulte Mais informação »