BlackRock reports record revenues as push into private markets fuels growth hopes

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Financial Times 11h ago

BlackRock reports record revenues as push into private markets fuels growth hopes - Financial Times

Quick Summary:

BlackRock chief executive Larry Fink hailed a “milestone year for strategic acquisitions”.

US stocks soared last year as investors bet that Donald Trump’s return to the White House this month would lead to corporate tax cuts, deregulation and a wave of dealmaking.

BlackRock benefited from rising markets, which helped lift the value of its assets under management.