BlackRock quarterly profit jumps 28%

  • 7/14/2021
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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 Our Standards: The Thomson Reuters Trust Principles.

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