Blackstone more than triples earnings
Blackstone Group more than tripled its quarterly profits and revenue Monday, helped by strength in its real estate and private equity divisions.
The New York-based firm reported net income of $774.4 million for the second quarter ending June 30, up from $224.1 million a year ago. Revenue surged to $975.3 million from $324.6.
posted by Gordengekko at 7:41 AM
2 Comments:
Are you worried that BX gave back the majority of its gains today and closed at the low end of the range? I have a small position and have been looking for a place to add some more exposure but not sure I feel comfortable at this point.
Zach
I have no position in BX. I am concerned that the overall market started off green yesterday and finished red. That is very bearish for the markets especially when world markets were in rally mode. In a typical bull market stocks start off red and then they close strong.
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