Several important updates pertain to Blackstone (BX). Over the past five years, the company's stock has performed robustly, surpassing its actual earnings growth. Fisher Asset Management LLC and Charles Schwab Investment Management Inc. have notably purchased significant volumes of BX shares. The firm has also met Q1 2024 estimated earnings, with increases reported in the Assets Under Management (AUM) year on year. The stocks of Blackstone have fluctuated, performing better than the broader markets at times and worse on other occasions. The company recently announced a growth investment in 7 Brew, and a collaboration with Moderna's influenza program. However, some insiders at Blackstone have sold US$11m in stock, suggesting potential weakness. Blackstone's credit and retail lines have been key drivers behind its narrow profit beat. The announcement of new co-chief investment officers and the co-head of real estate have given an impression of internal restructuring. The company has also formed Blackstone Credit and Insurance (BXCI). This amalgamation of their leading credit and insurance businesses was a significant move. The company has also acquired assets in a significant AIG housing portfolio and led in the property loan sale of Signature Bank. The firm is planning to invest $2 billion a year in India.
Blackstone BX News Analytics from Mon, 04 Sep 2023 07:00:00 GMT to Sun, 12 May 2024 11:00:15 GMT - Rating 7 - Innovation 5 - Information 8 - Rumor 1
