Blackstone (BX) has
recorded strong results in its Q3 2024 earnings report. The robust earnings beat market estimates, reflecting
record growth and strong returns. The firm's
assets under management (AUM) have ballooned significantly, bolstered by strategic pains and higher revenues. This has resulted in the
stock hitting all-time highs. Planned
exit strategies for specific investment via
IPOs have also been reported. Blackstone’s
dividend has also increased to $0.86 per share. Its
stock price has exhibited renewed technical strength, with
consensus return on equity (ROE) projected to be high. It had a record $54 billion investment in Q3 2024. Blackstone also had its
price target raised by several financial entities, with UBS Group setting it at $160.00. The firm has also reportedly teamed up with Goldman Sachs to sell a unique finance bond. As well as this, there are potential agreements like the one with AirTrunk in A$24B transaction and growth anticipated in the private credit business outside the US.
Blackstone BX News Analytics from Wed, 14 Feb 2024 08:00:00 GMT to Sat, 19 Oct 2024 20:57:07 GMT -
Innovation 8
- Rumor -8
