BlackRock fourth-quarter profit jumps 20%

(Reuters) - BlackRock Inc, the world's largest asset manager, on Thursday reported a stronger quarterly profit, as increased volatility in financial markets resulted in higher capital inflows.

The company's net income rose to $1.57 billion, or $10.18 per share, in the quarter ended Dec. 31, from $1.31 billion, or $8.34 per share, last year.

Analysts on average had expected net income of $9.14 per share. It was not immediately clear if the figures were comparable.

(Reporting by Ambar Warrick in Bengaluru, editing by Maju Samuel)

01/14/2021 11:20

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