Blackstone's Q3 Earnings Beat on AUM Growth, Shares Hit All-Time High

Shares of Blackstone (BX) soared to an all-time high of $172.25 during intraday trading on Thursday in response to its third-quarter 2024 results. The bullish investor stance on BX resulted from a jump in the company’s assets under management (AUM) balance, which boosted quarterly earnings.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.BX’s distributable earnings of $1.01 per share surpassed the Zacks Consensus Estimate of 91 cents. Also, the figure reflected a rise of 7% from the ...