Changes in US stocks | Blackstone (BX.US) rose nearly 3% and continued to reach a record high

Zhitongcaijing · 10/18 15:57

The Zhitong Finance App learned that on Friday, the Blackstone (BX.US) shock strengthened and continued to reach record highs. As of press release, it had risen nearly 3% to 174.23 US dollars. According to the news, financial reports released on Thursday showed that, boosted by its loan division, the company's distributable profit increased 5.5% year over year to reach 1.28 billion US dollars. This profit indicator reached $1.01 per share, exceeding analysts' average estimate of 91 cents. In the three months ending September 30, the credit and insurance sector absorbed $21.4 billion in capital inflows, accounting for more than half of the funds received by all of Blackstone's operations during the same period.

By the end of the quarter, credit assets accounted for $354.7 billion of Blackstone's $1.1 trillion assets, replacing real estate as the largest asset. The company also decided to classify part of its real estate loan business as a credit business. Strong performance in the credit sector helped the company overcome sluggish performance in private equity and real estate.