15-10-2019 13:01 via feedproxy.google.com

BlackRock beat earnings expectations as technology services drive growth in a 'volatile' market

BlackRock saw its total assets climb to about $7 trillion, up 8% year-over-year.
In its third-quarter earnings, released Tuesday, the world's largest asset manager boasted growing revenues in the wake of a "volatile" global market, however, the firm's profits were down 8%. 
CEO Larry Fink said that clients have entrusted $350 million worth of new assets in the last year to the firm "technology services revenue."The world's largest asset manager is getting bigger.
BlackRock said its total as
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