Asset management company BlackRock’s Q3 profit rose 15% due to the popularity of its iShares and retail business, Reuters reports.
Asset management company BlackRock’s Q3 profit rose 15% due to the popularity of its iShares and retail business, Reuters reports.
It posted a net income of $730 million, or $4.21 per share, up from $642 million, or $3.65 per share, a year earlier.
Read: BlackRock announces iShares changes
After expenses earnings were $3.88 a share, which is in the range of analyst expectations, says Reuters.
Read more here.
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