BlackRock profit jumps as resilient markets boost fees

Oct 14 (Reuters) – BlackRock posted a jump in third-quarter profit on Wednesday, as the world’s largest asset manager raked in higher fees from managing client funds.

Its profit rose to $1.66 billion, or $10.57 per share, in the three months ended September 30, compared with $1.32 billion, or $8.43 per share, a year earlier.

(Reporting by Utkarsh Shetti in Bengaluru and Suzanne McGee in Providence; Editing by Sriraj Kalluvila)

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