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A BlackRock building is seen in New York June 12, 2009.
Credit: Reuters/Eric Thayer
(Reuters) – BlackRock Inc (BLK.N) said on Tuesday that first-quarter net income jumped 10 percent as investors increasingly turned to the money manager’s higher-fee stock funds.
New York-based BlackRock said net income increased to $ 632 million, or $ 3.62 per share, from $ 572 million, or $ 3.14 per share, a year earlier.
(Reporting by Aaron Pressman; Editing by Lisa Von Ahn)
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BlackRock first-quarter profit jumps 10 percent
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