Tiger Newspress2022-01-27
BlackStone soared over 8% in morning trading after reporting better-than-expected results.
It reported net income of $1.4 billion, or $1.93 a share, higher than year-earlier earnings of $748.9 million, or $1.07 a share.
Blackstone's total assets under management grew by 42% to $880.9 billion, higher than Wall Street's estimate of $818.6 billion and the fastest growth for the company in over a decade. Inflows during the quarter were $154.8 billion.
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