BlackRock profit jumps as buoyant markets boost assets
BLK•Second-quarter profit rises on market rally
BlackRock reported a jump in second-quarter profit on Wednesday, as a stock market rally boosted the value of client assets.
The world's largest money manager's profit was $1.91 billion, or $12.19 per share, in the three months ended June 30, compared with $1.59 billion, or $10.19 per share, a year earlier.
