Top Wall Street Forecasters Revamp Blackstone Expectations Ahead Of Q2 Earnings - Blackstone (NYSE:BX)
UNITED STATES, JUL 24 – Analysts raised Blackstone’s price targets after a 25% increase in distributable profits and $52.1 billion in inflows during Q2, surpassing revenue and earnings expectations.
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Why Blackstone Rallied Today @themotleyfool #stocks $BX
Key PointsBlackstone delivered another solid revenue and earnings beat. The private equity giant rode a market recovery and steady inflows to achieve an AUM over $1.2 trillion. It's possible the Trump administration may open retirement accounts to private equity, which could add another boost. 10 stocks we like better than Blackstone › Shares of alternative investment giant Blackstone (NYSE: BX) rallied 4.5% today as of 2:06 p.m. ET. Blackstone …
The economy is buoyant and IPO activity is on the rise: Blackstone
Blackstone offices in New York City.Eric McGregor/LightRocket/Getty ImagesBlackstone leaders said IPO and M&A activity are picking up after a yearslong dipSteve Schwarzman said the firm is preparing "a number of companies" for IPOs in the coming quarters.He pointed to the recent IPO of a portfolio company as an indicator of what's to come.Blackstone reported that the trillion-dollar investment firm's Wall Street deal engine is revving back to li…
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