BlackRock’s fourth-quarter earnings rise 20% By Reuters

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© Reuters.

(Reuters) – BlackRock Inc (NYSE :), the world’s largest asset manager, reported a stronger quarterly profit on Thursday as higher volatility in financial markets resulted in higher capital inflows. The company’s net income increased to $ 1.57 billion, or $ 10.18 per share, in the quarter ended December 31, from $ 1.31 billion, or $ 8.34 per share, the year past. On average, analysts expected a net income of $ 9.14 per share. It was not immediately clear whether the figures were comparable.

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