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BlackRock first-quarter profit beats on robust inflows
BlackRock, the world's largest asset manager, reported a net inflow of $110bn in the first quarter, surpassing $86bn from a year before. Although the bank had this increase in profits, analysts believe that the market has already passed its peak. However, Larry Fink, CEO of BlackRock, considers the current crisis in the banking sector to be beneficial for the capital markets as it accelerates their growth.