Blackstone's Q3 earnings jump 50% year over year, beating estimates as record-high AUM and solid inflows powered results.
Blackstone Inc. (BX) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $1.01 per share a year ago.
Blackstone Inc. (BX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Blackstone is rated Sell due to an unsustainable valuation and elevated downside risk amid recession fears. BX's dividend yield is historically low and unattractive compared to risk-free Treasury rates, offering limited income protection. Valuation metrics, including 16x book value and 35x cash income, signal extreme overvaluation with little margin of safety.
BX's premium valuation raises caution, but record AUM, strong inflows and strategic growth can justify the price.
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Blackstone struck a deal to buy Shermco, a provider of electrical equipment services, from private investment firm Gryphon Investors for about $1.6 billion.
Private investment firm Gryphon Investors said on Thursday it had agreed to sell Shermco, its portfolio company, to Blackstone in a deal valued at about $1.6 billion.
Investors interested in Financial - Miscellaneous Services stocks are likely familiar with Grupo Financiero Banorte SAB de CV (GBOOY) and Blackstone Inc. (BX). But which of these two companies is the best option for those looking for undervalued stocks?
Blackstone , the world's largest alternative asset manager, said on Wednesday it has agreed to buy energy data and analytics provider Enverus, as dealmaking in the private equity sector shows signs of a recovery after a slowdown.
A weekly call turned into a celebration of heroes as staffers comfort one another through lingering trauma.
The New York City office building at 345 Park Avenue where a deadly shooting occurred serves is the headquarters of investment firm Blackstone, as well as the NFL and Rudin Management.