BlackRock’s Q3 profits up 15%

Asset management company BlackRock’s Q3 profit rose 15% due to the popularity of its iShares and retail business, Reuters reports.

By Staff | October 16, 2013 | Last updated on October 16, 2013

1 min read

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.

After expenses earnings were $3.88 a share, which is in the range of analyst expectations, says Reuters.

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