Blackstone reaches $1 trillion asset milestone, but weak real estate, credit, dealmaking markets push profit distributions down 40%
Slowdowns in inflows and core earnings are the immediate questions, but bigger opportunities still loom.
Blackstone Inc. (NYSE:BX ) Q2 2023 Earnings Conference Call July 20, 2023 9:00 AM ET Company Participants Weston Tucker - Head of Shareholder Relations Steve Schwarzman - Chairman and Chief Executive
Blackstone COO Jonathan Gray discusses growth plans after becoming the first private equity firm to manage $1 trillion, outlook for merger and acquisition activity, and the impact of artificial intell
Blackstone Inc. (BX) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $1.49 per share a year ago.
Blackstone Group shares fell before the opening bell in New York Thursday as the asset management firm said its second-quarter distributable earnings fell 39% over the year-ago quarter. For the period
The numbers: The Philadelphia Fed said Thursday its gauge of regional business activity inched up to negative 13.5 in July from negative 13.7 in the prior month. Any reading below zero indicates deter

Blackstone Reaches $1 Trillion in Assets

06:56am, Thursday, 20'th Jul 2023
The private-equity firm is the first among its publicly traded peers to hit that mark.
The U.S. stock market hasn't found a reason to call it quits yet on the 2023 rally, despite a flood of Treasury debt issuance at plump yields which is helping to drain liquidity from financial markets
Blackstone (BX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
There was, one could say, a highly speculative story from the New York Post that Treasury Secretary Janet Yellen may have consumed hallucinogenic mushrooms during her trip to China. CNN offered a bit
The numbers: Industrial production fell 0.5% in June, with declines in most market groups, the Federal Reserve reported Tuesday.
Driven by inflows, Blackstone's (BX) AUM balance is likely to have increased in the second quarter of 2023.
The numbers: The New York Fed's Empire State business conditions index, a gauge of manufacturing activity in the state, fell 5.5 points in July to 1.1, the regional Fed bank said Monday.
Gold prices are pulling back on Monday following their biggest weekly advance since April as weaker-than-expected GDP data out of China weighed on commodities prices.
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