Blackstone holds firm on data center investments despite DeepSeek turmoil
Blackstone said on Thursday its massive investments in data centers would not be undermined by the low-cost artificial intelligence models from China's DeepSeek, as the need for physical infrastructure was still vital for AI.
Blackstone Beats in Q4; AUM Sets Record
Global investment firm Blackstone (BX -3.37%) reported strong earnings for the fourth quarter and full-year 2024 on Thursday, Jan. 30, that topped analyst consensus estimates. Distributable earnings per share (EPS) of $1.69 exceeded analyst expectations of $1.47.
Blackstone Inc. (BX) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Blackstone Inc. (BX) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Blackstone's Q4 Earnings Beat, Stock Gains as AUM Touches Record High
An increase in revenues and higher AUM balance support BX's Q4 earnings.
Blackstone Inc. (BX) Surpasses Q4 Earnings and Revenue Estimates
Blackstone Inc. (BX) came out with quarterly earnings of $1.69 per share, beating the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $1.11 per share a year ago.
Blackstone Gears Up to Report Q4 Earnings: What's in the Cards for BX?
Solid inflows and a substantial jump in profits from deal exits are expected to have supported Blackstone's Q4 earnings.
Blackstone Long-Short Credit Income Fund: A Hold Amid Rate Cuts
BGX's dual long-short strategy and diversified portfolio make it a reliable income source, despite its slightly lower yield compared to peers. Rate cuts will impact BGX's profitability, but its leverage and spread on loans should mitigate the effects, maintaining stable distributions. Selling BGX shares now is premature; waiting until later in the year when the stock value increases is advisable.
Blackstone Inc. (BX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Blackstone Inc. (BX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hidden Gems: 2 Must-Buy REITs Right Now
Some of the best REIT investment opportunities are in Canada. Valuations are lower and so are interest rates. I present 2 hidden gems that we are buying.
Blackstone Mortgage: Dividend Yield High But Not Well Positioned For High Interest Rates
BXMT's high dividend yield and seemingly cheap valuation are attractive, but its office-dominated loan book is poorly positioned for the current high interest rate environment. Rising interest rates increase net interest income but also pressure borrowers, leading to defaults and charge-offs, which significantly impact BXMT's distributable earnings. Despite a significant margin of safety due to potential loan recovery rates, bullish catalysts like lower interest rates seem unlikely in the near term.
The Rich Keep Getting Richer: Buy Blackstone And Join Them
Blackstone is a best-in-class asset manager, with long-tail revenue drivers, an asset-light business model, and strong profitability. The stock does appear expensive, but when adjusted for BX's expected growth - and contrasted against an expensive market - we think the price is worth paying. We think the recent dip, which has been caused by changes in rate expectations, is worth buying.
Financial Stocks Wells Fargo, Jefferies, and Blackstone Are Falling After a Hot Jobs Report
A hotter-than-expected December jobs report sent the Dow Jones Industrial Average tumbling by more than 600 points (1.5%) on Friday morning as U.S. Treasury yields continued to rise and inflation concerns took center stage. Most sectors struggled, including financials.
