REFILE-UPDATE 1-BlackRock quarterly profit rises as money pours into ETFs

April 16, 2015 10:19 AM

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April 16 (Reuters) - BlackRock Inc, the world's largest money manager, reported an 8.7 percent rise in first-quarter profit, boosted by positive flows into its exchange-traded funds.

The company's net income rose to $822 million, or $4.84 per share, in the quarter ended March 31 from $756 million, or $4.40 per share, a year earlier.

Also read: Analysts See $1.05 EPS for McCormick & Company, (MKC); Maltese Capital Management Increased By $9.47 Million Its Comerica (CMA) Holding

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