U.S. Markets open in 27 mins

BlackRock 2nd-qtr profit rises 8.6 pct

July 17 (Reuters) - BlackRock Inc, the world's biggest asset manager, reported an 8.6 percent rise in quarterly profit, helped by higher fees.

Net income attributable to the company rose to $857 million in the second quarter ended June 30 from $789 million a year earlier.

On a per share basis, BlackRock earned $5.22, up from $4.73 last year.

Excluding items, the company earned $5.24 per share. (Reporting by Diptendu Lahiri in Bengaluru; Editing by Shounak Dasgupta)