Blackstone Exceeds Q3 Expectations: $1.108T AUM, Achieves Highest Amount Of Fund Appreciation In 3 Years
Portfolio Pulse from Lekha Gupta
Blackstone Inc (NYSE:BX) reported strong Q3 results, with revenues slightly beating expectations and significant fund appreciation. The company saw a 10% increase in assets under management, reaching $1.108 trillion, and declared a quarterly dividend of $0.86. Blackstone's stock rose 4.50% premarket.
October 17, 2024 | 12:13 pm
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POSITIVE IMPACT
Blackstone reported strong Q3 results, with revenues slightly beating expectations and significant fund appreciation. The company saw a 10% increase in assets under management, reaching $1.108 trillion, and declared a quarterly dividend of $0.86. Blackstone's stock rose 4.50% premarket.
Blackstone's Q3 results exceeded expectations, with a slight beat in revenues and significant fund appreciation. The increase in assets under management and a declared dividend are positive indicators for investors. The stock's premarket rise reflects investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Blackstone's performance through the EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO).
The ETF LBO provides exposure to Blackstone's performance, which is positive given the company's strong Q3 results. This could lead to increased interest in the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to Blackstone's performance through the Invesco Global Listed Private Equity ETF (NYSE:PSP).
The ETF PSP provides exposure to Blackstone's performance, which is positive given the company's strong Q3 results. This could lead to increased interest in the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50