BlackRock first-quarter profit jumped 10% as investors pumped money into exchange-traded funds and other products the asset manager offers.

The New York-based company's profit of $632m, or $3.62 a share, handily beat the $3.58 a share average estimate among analysts polled by Thomson Reuters. That compared with a year-earlier profit of $572m, or $3.14 a share.

The US asset manager's first-quarter profit jumped as investors pumped money into exchange-traded funds and other products

The Wall Street Journal 

Morgan Stanley

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BlackRock's profit rises 10%

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