Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More
BlackRock Inc, the world's largest asset manager, on Friday reported a 6.5% drop in second-quarter profit, as investment advisory and securities lending revenue fell and costs rose.
Net income attributable to BlackRock fell to $1 billion, or $6.41 per share, in the quarter ended June 30 from $1.07 billion, or $6.62 per share, a year earlier.
The company ended the quarter with $6.84 trillion in assets under management, up from $6.30 trillion a year earlier.
(Reporting by C Nivedita in Bengaluru; Editing by Maju Samuel)