(Reuters) - BlackRock Inc (BLK.N), the world’s biggest asset manager, reported a 25.6 percent jump in quarterly profit on Monday, helped by higher investment advisory fees.
FILE PHOTO: The BlackRock logo is seen outside of its offices in New York City, NY, U.S., October 17, 2016. REUTERS/Brendan McDermid/File Photo
Net income attributable to the company rose to $1.07 billion in the second quarter ended June 30, from $854 million a year earlier.
On a per share basis, BlackRock earned $6.62, compared with $5.20 a year earlier.
Reporting by Diptendu Lahiri in Bengaluru, Trevor Hunnicutt in New York
