trending Market Intelligence /marketintelligence/en/news-insights/trending/9hq5pu7otactxcdztkzqgw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Blackstone reports higher Q3 economic net income YOY

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Blackstone reports higher Q3 economic net income YOY

Blackstone Group LP reported third-quarter economic net income of $911.4 million, or 76 cents per unit, up from $822.1 million, or 68 cents per unit, in the year-ago period.

The S&P Global Market Intelligence consensus normalized EPS estimate for the quarter was 75 cents.

Distributable earnings for the quarter increased to $769.3 million, or 63 cents per unit, from $625.6 million, or 52 cents per unit, in the prior-year quarter.

GAAP net income attributable to the company was $442.7 million, or 64 cents per unit, up from $377.9 million, or 55 cents per unit, in the year-ago period.

Total revenues on a GAAP basis increased 11% year over year to $1.93 billion from $1.74 billion in the year-ago quarter.

Net management and advisory fees increased 14% year over year to $780.0 million from $685.9 million. Total investment income amounted to $1.08 billion, up 7% from the prior-year quarter.

Total AUM grew year over year to $456.69 billion from $387.45 billion.

Blackstone declared a quarterly distribution of 64 cents per common unit, higher than the previous payout of 58 cents per unit. The distribution is payable Nov. 5 to unitholders of record as of Oct. 29.