This post was originally published on this site
The company’s adjusted net income rose to $1.55 billion, or $10.03 per share, in the three months ended June 30, from $1.21 billion, or $7.85 per share, a year earlier.
Analysts on average had expected a profit of $9.46 per share, according to IBES data from Refinitiv.
Net inflows stood at $81 billion, driven by higher investments in BlackRock (NYSE:BLK)’s various funds, including its exchange-traded funds.
BlackRock’s bumper quarter saw its assets under management grow to a record $9.49 trillion from $7.32 trillion in the same quarter last year.
