BlackRock Inc beat analysts' expectations and turned a profit in the first quarter as investors continue to pour money into its funds. This helped cushion the blow to the company's fee and commission income caused by the global banking crisis. The company ended the first quarter with $9.1 trillion in assets under management. BlackRock CEO Larry Fink believes that distrust in the regional US banking sector will accelerate the growth of the capital market, and BlackRock will become a key player in this. BlackRock reported quarterly earnings of $7.93 per share, up $0.17 from analysts' forecasts. However, quarterly revenue fell to $4.2 billion.
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