BlackRock's Profit Beats Estimates as Clients Add Money

Updated on
  • Firm's net income falls 8% on market rout, higher tax rate
  • Asset manager recorded $35 billion in long-term net inflows

BlackRock Inc., the world’s largest money manager, reported third-quarter profit that beat analyst estimates as retail clients and institutions added money.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.