Loading...
Market
What will be the percentage increase in Blackstone's dealmaking in Q4 2024?
3
Resolution / Starting Odds
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
Blackstone's official quarterly financial report
Story
Blackstone's Profit Beats Estimates as Assets Hit $1.11T, Dealmaking Surges
Oct 17, 2024, 11:08 AM
Blackstone Group reported an increase in third-quarter profit, surpassing analysts' estimates, as its assets under management reached a record $1.11 trillion. The firm's credit division became its largest business by assets, boosted by strong investor inflows totaling $40.5 billion, exceeding the estimated $35.8 billion. Total segment revenue was $2.43 billion, topping the estimated $2.36 billion. Earnings per share were $1.01, above the forecasted $0.98. Revenue also beat expectations at $3.66 billion versus the forecasted $2.68 billion. Fee-related earnings rose to $1.18 billion, up 4.5% year-over-year, with fee-related earnings per share at $0.96. GAAP net income stood at $1.6 billion for the quarter and $4.1 billion year-to-date. Blackstone reported that dealmaking surged with $54 billion committed, and its private equity division's assets under management reached $344.71 billion. Blackstone is also planning to list some of its largest investments. The stock was up 1.5% in pre-market trading.
View original story
Similar markets
Less than 10% • 33%
10% to 20% • 33%
More than 20% • 33%
Credit and Insurance Arm • 25%
Private Equity Funds • 25%
Public Markets • 25%
Other Sources • 25%
Below 10% • 25%
10% to 15% • 25%
15% to 20% • 25%
Above 20% • 25%
Less than $150 billion • 25%
$150 billion to $200 billion • 25%
$200 billion to $250 billion • 25%
More than $250 billion • 25%
Less than 5% • 25%
5% to 10% • 25%
10% to 15% • 25%
More than 15% • 25%
Below 10% • 25%
10% - 12% • 25%
12.1% - 14% • 25%
Above 14% • 25%
Less than 5% • 25%
5% to 10% • 25%
10% to 15% • 25%
More than 15% • 25%
Less than 45% • 25%
Greater than 47% • 25%
Below 45% • 25%
45% to 46% • 25%
46% to 47% • 25%
Above 47% • 25%
Another property in Japan • 25%
Property in China • 25%
Property in South Korea • 25%
Property in another Asian country • 25%
Below 2% • 25%
2% - 4% • 25%
4.1% - 6% • 25%
Above 6% • 25%
Less than $5.5 billion • 25%
$5.5 billion to $5.75 billion • 25%
$5.75 billion to $6 billion • 25%
More than $6 billion • 25%