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The company reported a net profit of $2.21 billion, or $14.06 per share, for the three months ended March 31.
BlackRock's assets under management rose to $13.89 trillion from $11.58 trillion year-over-year.
KEY POINTS
- Active ETFs drove strong inflows as investors sought low-cost options amid market dispersion.
- BlackRock reported first-quarter net profit of $2.21 billion, up from $1.51 billion last year.
- Despite profit growth, BlackRock shares declined 4.4% in 2026, underperforming State Street.
COMPANIES
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