BlackRock's Second-Quarter Profit Rises 11%

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BlackRock Inc. (NYSE: BLK)
BlackRock Inc. (NYSE: BLK)

(Reuters) - BlackRock Inc, the world's largest money manager, said on Wednesday that its second-quarter profit rose 11 percent, boosted by strong markets that helped drive flows into its products across asset classes.

The New York-based asset manager reported net income of $808 million, or $4.72 per share, up from $729 million, or $4.19 per share, a year earlier.

 

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