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Rating:BlackRock's Latest Numbers Showcase the BGI Effect Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, January 27, 2010

BlackRock's Latest Numbers Showcase the BGI Effect

Reported by Daniel Tovrov

BlackRock, which unveiled its fourth quarter numbers on Wednesday, said Barclays Global Investors contributed $94 Million to its line. BlackRock's acquisition of BGI closed on December 1.

New York City-based BlackRock earned $256 million in the three months ended December 31, up $204 million compared to the year-ago period. The firm pulled in revenues of $1.54 billion, a 45 increase from the same period last year.

BlackRock reported a staggering total of $3.346 trillion assets under management, up $1.91 trillion quarter-to-quarter, and $2.04 trillion year-over-year, largely thanks to the Barclays deal.

iShares, BlackRock's newly gained ETF business, grew by $170.9 billion during the year to $495.5 billion as the industry surpassed the $1 trillion AUM mark. 

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