Blackstone Third-Quarter Earnings Fall as Choppy Markets Weigh on Investment Exits
Blackstone reported lower third-quarter earnings as turbulent markets weighed on its ability to cash in on investments.
Story updates
10:56:42 AM UTC
SquawkNews
Blackstone 3Q Fee-Related Earnings $1.57B >BX
11:16:43 AM UTC
SquawkNews
By Rob CurranBlackstone's third-quarter net income rose as weakness in some areas of private-equity and real-estate investment was offset by gains in investments in its artificial intelligence build-out.The New York investment firm posted third-quarter earnings of $662.4 million, or 83 cents a shar…
Blackstone NYSE:BX, the world's largest alternative asset manager, posted a drop in third-quarter earnings on Thursday, as a turbulent market environment weighed on its ability to cash in on investments.Global markets have been roiled by surging bond yields, expectations of higher-for-longer intere…