BlackRock Inc., the world’s largest asset manager, missed analysts’ estimates for quarterly profit on Friday, as investment advisory and securities lending revenue fell and costs rose.
Its institutional funds added US$87.36-billion in the second quarter, up from US$29.12-billion in the first quarter. Investors poured more money into BlackRock’s actively managed funds aimed at beating the market over the low-fee passive-investment products.BlackRock said its iShares-branded ETFs took in US$36.10-billion of new money, up from US$30.69-billion in the preceding quarter.The New York-based company’s net income attributable to BlackRock fell to US$1-billion, or $6.41 per share, in the quarter ended June 30 from US$1.07-billion, or US$6.
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B.C. posts $1.5-billion surplus as tax revenue increases and real estate market coolsThe 2018-19 public accounts released today by Finance Minister Carole James show that the province has eliminated its operating debt for the first time in 40 years GlobeBC SO LETS SEEHmm? AS THE BC GOVT DOES THE DIRTY WORK FOR CANADIANS THAT 'CASH FOR ACCESS!!' 'SHADY DEALS!!''COMMUNIST CHINESE STATUE!!''NATIONAL SECURITY THREAT!!''UNETHICAL!!'''LYING!!' TRUDEAU GOVT SHOULD BE DOING IN GOING AFTER THE 'CHINESE LAUNDERED BLOOD MONEY IN CANADA GlobeBC Let me get this straight... Conservatives --- Deficits and cuts Liberals ---- Deficit and more spending NDP ---- Surplus through proper taxation and reinvestment in people 🤔🤔🤔🤔🤔🤔🤔🤔🤔 bcpoli onpoli cdnpoli GlobeBC Yep great and tax payers should get their money back, but I'm sure they find a way to spend it.
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