BlackRock quarterly profit rises 3.8 percent

(Reuters) - BlackRock Inc, the world's largest asset manager, reported a 3.8 percent rise in quarterly profit, showing resilience in a weak market for many traditional asset managers. The New York-based company's net income rose to $875 million, or $5.26 per share, in the third quarter ended Sept. 30 from $843 million, or $5.00 per share, a year earlier.