Is Blackstone Inc a Buy After Its Latest Earnings Report?
Blackstone reported strong second-quarter results.
Overview
Blackstone (NYSE:BX) reported its second-quarter financial results on July 23. The leading global alternative investment manager “delivered an outstanding second quarter, highlighted by strong growth in earnings and nearly $70 billion of inflows,” stated CEO Stephen Schwarzman in the earnings report. The financial firm benefited from its strategy to lean into the AI megatrend.
Here’s a closer look at the alternative investment manager’s second-quarter results, and whether the financial stock is a buy following the results.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.