American fund manager BlackRock has reported a net income of $947m for the third quarter of 2017, an increase of 8% from $875m in the same quarter last year.
The company’s revenue for the quarter ended 30 September 2017 was $3.23bn, a 14% rise from $2.83bn in the previous year. Quarterly operating income increased 15% year-on-year to $1.39bn.
The group’s assets under management (AuM) at the end of June 2017 totalled $5.98 trillion.
BlackRock chairman and CEO Laurence Fink said: “BlackRock’s third quarter results reflect the continued growth of our global investment and technology platform and the trusted relationships we have built with our clients.
“Our ability to create investment solutions from a broad range of products – spanning index to illiquid alternatives – combined with industry leading technology and risk management, is resonating with clients and driving more impactful interactions than ever before.”