Should Income Investors Buy This Blue-Chip Dividend Stock?
BlackRock generated $17.9 billion in revenue in 2022, which was 7.7% lower than the year-ago period. What was behind BlackRock this dip in revenue? Because of the decline in markets, BlackRock's average assets under management (AUM) fell 4.4% year over year to $8.9 trillion in 2022.