BlackRock quarterly profit rises 3.8 percent

BlackRock quarterly profit rises 3.8 percent
 

BlackRock Inc (BLK.N), the world's largest asset manager, reported a better-than-expected quarterly profit, showing resilience in what has been a weak market for many traditional asset managers.
The New York-based company's net income rose 3.8 percent to $875 million, or $5.26 per share, in the third quarter ended Sept. 30 from $843 million, or $5.00 per share, a year earlier.
BlackRock attracted total "long-term" net flows of $55.18 billion in the latest quarter, up from $35 billion (£28.6 billion) a year earlier.
On an adjusted basis, BlackRock earned $5.14 per share, beating... read more

 
18 October 2016 in Business, Views: 38
Source: Reuters
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31