BlackRock’s net income jumps to £1.13 billion in the fiscal fourth quarter

BlackRock Inc. (NYSE: BLK) published its earnings report for the fiscal fourth quarter on Thursday that topped analysts’ estimates for earnings and revenue. The American multinational valued assets under management at £6.37 trillion as of the end of Q4. Earlier this week, BlackRock said that it had been selling stakes in three of the Chinese telecommunication providers after the United States decided in favour of including them in its sanctions list. BlackRock was reported about 4% down in premarket trading on Thursday. The stock is currently trading at £554.50 per share. In comparison, it had plummeted to as low as