BlackRock may have raked in $2.4 billion on GameStop's retail-driven stock frenzy

BlackRock has likely made $1.2 billion on GameStop as day traders buy the stock to stick it to Wall Street

The world's largest asset manager owned 9.2 million shares at the end of December. Its stake has ballooned in value this year.

BlackRock may have raked in $2.4 billion on GameStop's retail-driven stock frenzy

BlackRock Inc, the world's largest asset manager, could have made gains of about $2.4 billion on its investment in GameStop Corp as retail investors pour money into the video-game retailer's shares.

BlackRock may have raked in $2.4 billion on GameStop's retail-driven stock frenzy

BlackRock Inc, the world's largest asset manager, could have made gains of about $2.4 billion on its investment in GameStop Corp as retail investors pour money into the video-game retailer's shares.

BlackRock may have raked in $2.4 bln on GameStop's retail-driven stock frenzy

BlackRock Inc, the world's largest asset manager, could have made gains of about $2.4 billion on its investment in GameStop Corp as retail investors pour money into the video-game retailer's shares. Assuming no change in BlackRock's position, the value of its stake would be worth $2.6 billion now, compared with $173.6 million as of December. GameStop's stock has surged nearly 700% in the past two weeks in a rally fueled by interest from amateu…