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BGI acquisition boosts BlackRock's Q3 profit

US asset manager beats analysts' forecasts with 75% earnings rise

BlackRock's third-quarter earnings rose 74%, beating analysts' forecasts, as the firm again saw its results boosted by December's $13.5bn buy of Barclays Global Investors.

The "robust third-quarter results reflected the breadth of our business globally, strong performance in both index and actively managed products, and increasing demand," said chairman and chief executive Laurence Fink.

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