REUTERS: BlackRock Inc , the world's biggest asset manager, reported an 8.6 percent rise in quarterly profit, helped by higher fees.
Net income attributable to the company rose to US$857 million in the second quarter ended June 30 from US$789 million a year earlier.
On a per share basis, BlackRock earned US$5.22, up from US$4.73 last year.
Excluding items, the company earned US$5.24 per share.
(Reporting by Diptendu Lahiri in Bengaluru; Editing by Shounak Dasgupta)