阿波罗全球管理股价下跌4.17%，财报不及预期与行业AI冲击成主因

Company Performance - Apollo Global Management (APO.N) reported a 21.94% year-over-year increase in revenue to $32.102 billion for the fiscal year 2025, but net income fell by 21.10% to $3.492 billion, resulting in a net profit margin of 10.88%, which was below market expectations for high-growth asset management firms [1] - The stock price dropped 4.17% to close at $126.91 on February 11, 2026, following the earnings report [1] Industry Sector Situation - The wealth management industry faced widespread selling pressure due to innovations in AI tools, with non-public company Altruist launching an AI tax planning feature, raising concerns about the disruption of traditional asset management models [2] - Competitors such as Charles Schwab and Raymond James experienced significant declines of 7.4% and 8.8%, respectively, contributing to negative sentiment in the sector [2] Market and Technical Analysis - The trading volume for Apollo Global Management on the day was $804 million, with a volume ratio of 1.11, indicating active selling pressure [3] - The stock broke through a key support level, with a cumulative decline of 4.44% over five days, reflecting short-term weakness in technical indicators [3] - The S&P 500 index also fell by 0.33% due to weak retail data and pressure from financial stocks, leading to a contraction in market risk appetite [3] Latest Valuation - Despite institutional target prices averaging $165.81, indicating a premium over the current price, the decline in net profit for fiscal year 2025 and a trailing P/E ratio of 23.05 may lead some investors to reassess the certainty of continued growth in a high-interest-rate environment [4]