October 11, 2017 / 10:31 AM / 9 days ago

Asset manager BlackRock's third-quarter profit rises

Oct 11 (Reuters) - BlackRock Inc, the world’s biggest asset manager, on Wednesday reported a 8.2 percent rise in quarterly profit, helped by investment advisory, administration fees and securities lending revenue.

The New York-based company’s net income rose to $947 million in the third quarter ended Sept. 30 from $875 million a year earlier.

On a per share basis, BlackRock earned $5.78, up from $5.26 in the quarter a year ago, as the number of shares outstanding fell. (Reporting by Diptendu Lahiri in Bengaluru; Editing by Bernard Orr)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below