New York-based company's net income rose 3.8 percent to $875
million, or $5.26 per share, in the third quarter ended Sept. 30
from $843 million, or $5.00 per share, a year earlier.
BlackRock attracted total "long-term" net flows of $55.18
billion in the latest quarter, up from $35 billion a year
On an adjusted basis, BlackRock earned $5.14 per share, beating
the average analyst estimate of $5.00, according to Thomson
BlackRock's iShares exchange-traded funds business took in
$51.26 billion in new money, up from $23.3 billion a year
The lion's share invested in ETFs went into stocks.
Across all of its products, BlackRock attracted a net $13.35
billion in long-term equity investments. Net investment in fixed
income was $36.98 billion, while $1.82 billion went into
BlackRock ended the latest quarter with $5.12 trillion in assets
under management, up from $4.89 trillion in the second quarter
ended June 30.
Up to Monday's close of $354.60, BlackRock's shares had risen
about 4.13 percent since the beginning of the year.
A grouping of the company's peers measured by the Dow Jones U.S.
Asset Managers Index <.DJUSAG> fell 4.41 percent.
(Reporting By Trevor Hunnicutt in New York and Sudarshan
Varadhan in Bengaluru; Editing by Anil D'Silva)
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