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BlackRock AUM Hits $15.34 Trillion as Q2 Revenue Jumps 31%

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BlackRock’s assets under management reached $15.34 trillion, with second-quarter AUM rising 22% and revenue up 31% to $7 billion. Adjusted operating income grew 42% to $2.92 billion, and adjusted operating margin increased from 43.3% to 45.9%, nearly a five-year high. The company attributes strength to higher-margin offerings, including technology revenue and diversified investments.

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