BlackRock posted a 21% fourth quarter jump in profit after buoyant equity markets increased income from fees and drove its assets to a record high of $11.6 trillion, the world's largest money manager said on Wednesday.

Assets under management grew to a record $11.6 trillion, up 15.4% from the prior year. BlackRock reported strong fourth-quarter earnings with net income jumping 29% year over year. With impressive growth in assets under management (AUM),

BlackRock has reported a strong fourth quarter (Q4 2024), with profit surging 21% year-on-year and assets hitting $11.6tn. The US-based asset manager's net income attributable to shareholders reached $1.