Bit off topic but Blackrock last night ann. a 14% increase in profit for the 3rd quarter. Seems they are travelling well so a good omen to have them on board and confident of their investment?
"The giant money management firm BlackRock is now managing a record $4 trillion after customers put more money into its stock mutual funds and exchange-traded funds.
The flow of new money helped push BlackRock’s third-quarter profit up 14 percent from a year earlier. The company said net income in the quarter rose to $730 million, or $4.21 a share, from $642 million, or $3.66 cents a share, in the third quarter of 2012. The results were roughly in line with the expectations of analysts polled by Bloomberg News.
http://dealbook.nytimes.com/2013/10/16/blackrocks-3rd-quarter-profit-rose-14/?_r=0
ann, page-7
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