BlackRock profits plummeted almost 60 percent over the last year.
BlackRock (NYSE: BLK) reported profits of $927 million, or $5.78 per share, for 2018. Analysts expected the New York-based firm, touted as the world’s largest asset manager, to report $6.27 per share.
Profits were down from $2.30 billion, or $14.01 per share, a year earlier.
BlackRock chief Larry Fink’s full statement on the report is below:
BlackRock recently confirmed that it was going to cut its staff. The cuts make…
