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. (https://bit.ly/2ZEPkNv)
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) ((Bharath.ManjeshR@thomsonreuters.com; outside U.S. +91 80 6749 2703;)) Keywords: BLACKROCK RESULTS/ (URGENT)
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