Core Insights - BlackRock and Goldman Sachs reported strong Q3 earnings, exceeding expectations and achieving record assets under management (AUM) [1][3][4] Financial Performance - BlackRock's Q3 sales reached $6.5 billion, a 25% increase from $5.19 billion year-over-year, surpassing estimates of $6.24 billion [3] - Goldman Sachs reported Q3 sales of $15.18 billion, up 19% from $12.69 billion a year ago, exceeding estimates of $14.14 billion [4] - BlackRock's Q3 earnings per share (EPS) increased nearly 1% to $11.55, beating expectations of $11.19 by 3% [3] - Goldman Sachs' Q3 EPS climbed nearly 46% to $12.25, compared to $8.40 in the same quarter last year, beating expectations of $11.11 by 10% [4] Assets Under Management - BlackRock's AUM rose 17% year-over-year to a record $13.5 trillion, maintaining its position as the largest global asset manager [5] - Goldman Sachs' AUM reached a new peak of $3.45 trillion, increasing 11% year-over-year [5] Valuation Metrics - Goldman Sachs trades at a forward earnings multiple of 16X, which is a discount compared to the S&P 500's 25X and BlackRock's 24X [6] - Goldman Sachs also trades near a preferred level of less than 2X forward sales, while BlackRock trades at 8X, which is a premium to the S&P 500's 5X [8] Dividend Comparison - Goldman Sachs offers a current yield of 2.03%, slightly higher than BlackRock's 1.8%, both exceeding the S&P 500's average of 1.11% [10] Investment Outlook - Both BlackRock and Goldman Sachs are considered viable investments, with Goldman Sachs potentially receiving a buy rating due to expected earnings estimate revisions following its strong Q3 performance [12]

Core Viewpoint - Apollo Global Management, Inc. (APO) is expected to report an increase in both earnings and revenues for the second quarter of 2025 compared to the previous year, despite elevated expenses impacting results [1][7]. Financial Performance Expectations - The Zacks Consensus Estimate for APO's earnings is $1.85, reflecting a year-over-year increase of 12.8% [2]. - The consensus estimate for sales is $1.01 billion, indicating a year-over-year rise of 8.4% [2]. Assets Under Management (AUM) Insights - Total AUM is projected to reach $812.1 billion, representing a sequential increase of 3.5% [3][7]. - AUM growth is supported by overall asset inflows and the company's diversified asset classes, client bases, and geographies [3]. Fee-Related Earnings Estimates - The consensus estimate for management fees is $794.2 million, indicating a sequential rise of 3.1% [4]. - Fee-related performance fees are estimated at $55.6 million, reflecting a 3% increase from the previous quarter [4]. - Net capital solutions fees and other are estimated at $162.3 million, suggesting a sequential decline of 5.4% [4]. Expense Considerations - Elevated expenses are anticipated due to ongoing investments in capital formation and credit investing teams, as well as merger-related charges [5][7]. Earnings Prediction Model - The likelihood of Apollo beating earnings estimates is low, with an Earnings ESP of -0.36% and a Zacks Rank of 4 (Sell) [6].

Group 1 - Raymond James Financial (RJF) shares have performed strongly over the past year, gaining approximately 44% [1] - Rising markets have contributed to an increase in assets under management (AUM) and associated fees [1] - Higher interest rates are supporting net interest income for the company [1]

Core Insights - KKR & Co. Inc. reported an adjusted net income per share of $1.15 for Q1 2025, exceeding the Zacks Consensus Estimate of $1.13 and up from $0.97 in the prior-year quarter [1] - The company's total revenues reached $1.2 billion, a 21.6% increase year-over-year, driven by higher management fees and transaction fees, surpassing the Zacks Consensus Estimate of $1.19 billion [3] - Total assets under management (AUM) grew 14.8% year-over-year to $664.3 billion, with fee-paying AUM increasing 11.7% to $526 billion [4] Financial Performance - KKR's total operating earnings rose 15.6% year-over-year to $1.11 billion, supported by a 23% increase in fee-related earnings to $822.6 million [5] - The net loss attributable to the company on a GAAP basis was $185.9 million, contrasting with a net income of $682.2 million in the same quarter last year [2] - Total segment expenses increased by 18.8% to $377.5 million, reflecting the company's ongoing expansion and operational costs [3] Market Position and Outlook - KKR is expected to leverage its strong fundraising capabilities to capitalize on lucrative investment opportunities in the future [6] - The company is experiencing significant growth in fee-related and total operating earnings, although elevated expenses due to global expansion and a challenging operating environment are concerns [6] - KKR currently holds a Zacks Rank of 5 (Strong Sell), indicating market sentiment towards the stock [7]