Blackrock record a 12.5 -reinforcement record with the start of the results season

Blackrock assets increased under management to 12.5 trillion in the second quarter, as market and currency gatherings helped overcome low flows from expected.

The largest asset manager in the world said on Tuesday that customers have deposited $ 68 billion through their investment products, and they are less than Wall Street’s expectations.

The New York -based Group, based in New York, attributed the smaller flows from expected to a large institutional client withdrawing tens of billions of dollars.

However, market and currency movements have helped increase the volume of investments it runs to customers. Revenue jumped by 13 percent to $ 5.4 billion, while net income increased by 7 percent to $ 1.6 billion, both of which are almost expected.

Blackrock is the first of six main financial companies that are expected to report the profits of the second quarter before the opening of the market in New York on Tuesday.

Bank profits, including Jpmorganand Citigroup and Well, please Investors will offer a snapshot in the health of the American consumer as well as the health of global deals.