BlackRock shares rise on quarterly profit jump
BLK•BlackRock shares rose nearly 4% premarket after third-quarter profit jumped, driven by higher fees. Assets under management increased to $15.49 trillion from $13.46 trillion a year earlier, with $134.5 billion in new iShares ETF flows and higher investment valuations.
1. Assets under management rise
BlackRock reported a jump in third-quarter profit, driven by higher fees as markets remained resilient. Assets under management rose to $15.49 trillion from $13.46 trillion a year earlier, helped by $134.5 billion in new flows into its iShares ETFs and rising investment valuations.
