BlackRock sees lending revenue growth 17 October 2017London Reporter: Drew Nicol
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BlackRock saw its securities lending revenue hit $150 million in Q3, compared to $142 during the same period in 2016.
Quarterly revenue for this quarter was down $6 million from Q2.
The bank’s combined revenue from investment advisory, administration fees and securities lending revenue increased $246 million from Q3 2016.
According to BlackRock, the growth reflected the impact of higher markets and organic growth on average assets under management, partially offset by previously announced pricing changes to select investment products.
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