July 18, 2013 / 10:42 AM / in 4 years

BlackRock profit rises on strong investor demand

July 18 (Reuters) - BlackRock Inc, the world’s largest money manager, reported a higher second-quarter profit on Thursday, citing strong global demand from its retail and institutional clients and growth in markets.

Net income at the New York-based company totaled $729 million, or $4.19 per share, up from $554 million, or $3.08 per share, a year earlier.

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