EARNINGS-BlackRock quarterly profit jumps 21%


July 17 (Reuters) - BlackRock Inc , the world's largest asset manager, reported a 21% jump in quarterly profit on Friday, as investors poured money into its fixed-income funds and cash management services.

The New York-based company's net income rose to $1.21 billion, or $7.85 per share, in the second quarter ended June 30, from $1.00 billion, or $6.41 per share, a year earlier. (

The company ended the quarter with $7.32 trillion in assets under management, up from $6.84 trillion a year earlier. (Reporting by Bharath Manjesh in Bengaluru; Editing by Sriraj Kalluvila) ((; outside U.S. +91 80 6749 2703;)) Keywords: BLACKROCK RESULTS/ (URGENT)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.