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BlackRock's Third-Quarter Net Inflows Surpass $200 Billion, Assets Under Management Hit Record High
BlackRock reported adjusted earnings per share of $15.93 in the third quarter, a 38% year-over-year increase that beat analyst expectations of $14.15. The firm saw net inflows of $135 billion into its exchange-traded funds (ETFs) and $66 billion into actively managed funds during the quarter. Revenue rose 19% year-over-year, while assets under management climbed to a record $15.5 trillion.
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