As a net profit, it fell to $ 1.05 billion, or $ 6.61 a share, in the three months ended March 31, compared to $ 1.09 billion, or $ 6.68 a share before. Year. Analysts had expected a profit of $ 6.13 a share, according to IBIS data from Revnative.
The company sold $ 59 billion of stock funds, bonds, and other long-term investments, up from $ 43.6 billion in the quarter ended December 31.
Total assets under Black Rock's management jumped to 6.52 trillion dollars, an increase of 3%, compared to the first quarter of 2018, and the assets were down from 6 trillion during the market decline late last year .
Total net inflows of institutional funds increased nearly nine times to $ 29.12 billion in the first quarter compared to a year ago, and the total net inflows in various product categories increased 13.6% on Yearly basis to $ 64.67 billion.
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