BlackRock quarterly profit rises 6 pct

Fri Jan 15, 2016 5:44am EST
 
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Jan 15 (Reuters) - BlackRock Inc, the world's largest asset manager, said on Friday its profit rose about 6 percent in a turbulent fourth quarter for investors.

The New York-based company's net income rose to $861 million, or $5.11 per share, in the three months ended Dec. 31, from $813 million, or $4.77 per share, a year earlier. (Reporting by Trevor Hunnicutt in New York and Amrutha Gayathri in Bengaluru; Editing by Ted Kerr)