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BlackRock's assets under management — which determine a large chunk of its earnings — rose to $15.49 trillion, from $13.46 trillion a year earlier.
Strong demand for exchange-traded funds, fixed-income products and private-market investments helped drive another quarter of growth for the asset manager.
Morgan Stanley, BlackRock, and State Street all report before the open Wednesday, and Jim Cramer says they are priced for disappointment.