BlackRock\\\'s second-quarter profit rises 11 per cent
Wednesday, 16 July 2014
BlackRock Inc (BLK.N), the world's largest money manager, said on Wednesday that its second-quarter profit rose 11 per cent, 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, according to Reuters.