Rothschild Investment LLC has made a new investment in
Blackstone Inc., while KBRA has downgraded their rating for the company given expanding key multiples. The company is reportedly seeking to secure a multi-billion dollar loan to bid for AirTrunk, a data center solutions provider. Learnings from Q2 show Blackstone riding on rising AUM amid higher expenses and witnessing a modest profit surge due to private equity and credit gains. There's a spiking interest in Blackstone options activities while
Atlas Capital Advisors LLC reportedly lowers holdings in Blackstone. The company missed Q2 earnings estimates which led to a dip in the stock. Blackstone also announces a collaborative partnership with Moderna's Influenza program, signaling growth in Private credit business outside US, and plans on selling 11 apartment buildings to Equity Residential. Furthermore,
Blackstone is expected to grow earnings in the future, however, some analysts expect underperformance in the next decade. Meanwhile, Blackstone secures an acquisition of Trystar, a premier provider of backup power solutions and moves to expand equity ownership to its employees. Multiple acquisitions, collaborations, expansions, and ratings affected the stock's performance at various times.
Blackstone BX News Analytics from Wed, 06 Dec 2023 08:00:00 GMT to Sun, 01 Sep 2024 11:33:38 GMT -
Rating 5
- Innovation 8
- Information 6
- Rumor -6
