Earnings per share at US asset management giant Blackrock were USD 6.70 in the first quarter of 2018 -- a result which exceeds average analyst expectations of USD 6.38, according to estimates gathered by Bloomberg News. The estimates ranged from USD 6.22 and 6.55.
The company's total income for the quarter was USD 3.58 billion compared to the expected USD 3.42 billion. Analysts' forecasts for this figure were between USD 3.15 billion and USD 3.58 billion.
At the end of the quarter, the company had USD 6.320 trillion in assets under management.
English edit: Daniel Frank Christensen.
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After months of controversy, the head of the Danish pension provider PKA now gives his own account of the series of resignations that occurred in the company's alternative investments department: We agreed upon strategy, but it is important to agree on both strategy and terms, he says to AMWatch's sister site, FinansWatch.
The Nordic financial group's pension wing Nordea Liv & Pension shuffles its board of directors, the managing director of Danish mutual fund Jyske Invest Fund Management announces retirement, a risk manager names head of global sales and a Norwegian becomes a member of supervisory board of EUR 475 billion asset manager.