NEW YORK — BlackRock Inc., the asset management arm of Pittsburgh’s PNC Financial Services, said its second-quarter earnings rose 26% from the year-earlier period, to $26.2 million.

Paul Audet, chief financial officer and a managing director of BlackRock, said that despite volatility in the equity markets, its assets under management rose 20%, to $212.7 billion. He said the company was helped by a 32% rise in institutional assets and more international equity business.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.