BUZZ - BlackRock stock rises due to a significant increase in quarterly profit

October 14 - ** BlackRock BLK.N shares rose nearly 4% in pre-market trading

** Supported by market resilience and increased management fee income, BlackRock (link) saw a significant rise in third-quarter profits

** Driven by a net inflow of $134.5 billion into iShares ETF and rising investment valuations, assets under management increased from $13.46 trillion a year ago to $15.49 trillion

** So far this year, BLK shares have declined about 0.4%, while the S&P 500 index has risen 14% .SPX

** According to data from the London Stock Exchange Group (LSEG), 18 out of 20 analysts covering the stock have a “buy” or “strong buy” rating, and 2 have a “hold” rating

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