for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

BlackRock quarterly profit jumps 28%

July 14 (Reuters) - BlackRock Inc, the world’s largest asset manager, reported a 28% jump in second-quarter profit on Wednesday as investors poured more money into the company’s funds, boosting its assets under management to new highs.

The company’s adjusted net income rose to $1.55 billion, or $10.03 per share, in the three months ended June 30, from $1.21 billion, or $7.85 per share, a year earlier.

Analysts on average had expected a profit of $9.46 per share, according to IBES data from Refinitiv.

Reporting by Sohini Podder in Bengaluru; Editing by Maju Samuel

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up