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BlackRock’s quarterly profit falls 3.7 percent: Reuters

(Reuters) — BlackRock Inc (BLK.N), the world’s largest asset manager, reported a 3.7 percent fall in quarterly profit, reflecting a turbulent quarter for financial markets.

The New York-based company’s net income fell to $789 million, or $4.73 per share, in the second quarter ended June 30 from $819 million, or $4.84 per share, a year earlier.

On an adjusted basis, the company earned $4.78 per share.
(Reporting by Trevor Hunnicutt in New York and Nikhil Subba in Bengaluru; Editing by Kirti Pandey)