October 15, 2019 / 10:06 AM / 2 months ago

BlackRock quarterly profit drops 8%

Oct 15 (Reuters) - BlackRock Inc, the world’s biggest asset manager, on Tuesday posted an 8% drop in third-quarter profit, as investors put money in its fixed-income funds and accounts that typically carry lower fees.

Net income fell to $1.12 billion, or $7.15 per share, in the third quarter ended Sept. 30 from $1.22 billion, or $7.54 per share, a year earlier. (bit.ly/33uIwRx)

The company attracted $84.25 billion in new money during the quarter. (Reporting by Bharath Manjesh in Bengaluru; Editing by Bernard Orr)

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