iBankCoin
Joined Nov 11, 2007
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Blackrock’s, $BLK, Profits Rise 0.7% on Asset Accumulation

BlackRock Inc. (BLK), the world’s biggest asset manager, said first-quarter profit rose 0.7 percent as rising markets boosted assets.

Net income increased to $572 million, or $3.14 a share, from $568 million, or $2.89, a year earlier, the New York-based company said today in a statement. BlackRock’s net income compared with the $2.95 average estimate of 6 analysts surveyed by Bloomberg….”

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