BlackRock’s 4Q Profit Decreases Due to Fee Cuts

Jan 13 (Reuters) – BlackRock Inc reported a decline in fourth-quarter earnings on Friday, as uncertainty in global markets weighed on a decline in fee and commission income and assets under management.

Adjusted earnings for BlackRock Inc, the world’s largest asset manager, for the three months ended Dec. 31 were $1.36 billion, or $8.93 per share, compared with $1.65 billion, or $10.68 per share, a year earlier.

Analysts on average were expecting earnings of $8.11 per share, according to Refinitiv’s IBES data.

The original message in English is available at the code: (Mehnaz Yasmin in Bangalore)

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