BlackRock profit falls but matches expectations, fee revenue slips

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BlackRock profit falls but matches expectations, fee revenue slips

BlackRock profit falls but matches expectations, fee revenue slips
NEW YORK (Reuters) - BlackRock Inc's profit fell 3.7 percent in the second quarter as global market turmoil spurred investors to shift to stocks from cash and bonds, hurting fee income at the world's largest asset management company.

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