BX Stock Recent News

The money manager reports third-quarter distributable earnings of $1.01 per share, higher than Wall Street's call for 91 cents.

Blackstone beat Wall Street's expectations on its key quarterly earnings metric on Thursday, as the world's largest alternative investment firm's assets under management (AUM) hit a record $1.1 trillion and the value of its funds rose.

Blackstone , the world's largest alternative asset manager, plans to invest 7.5 billion euros ($8.2 billion) to develop data centres in Spain's Aragon, boosting the region's growing status as a major cloud computing hub in Europe.

An increase in AUM balance and solid inflows are expected to have supported BX's Q3 earnings.

Blackstone Secured Lending stands out due to its strong portfolio strategy, low non-accrual rate, and consistent dividend coverage, making it a solid buy despite interest rate cuts. The BDC prioritizes first lien debt investments, ensuring high repayment priority, and maintains a diverse industry exposure. BXSL's financials are robust, with increasing net investment income and liquidity level.

Blackstone Inc. (BX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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BXSL stands out in the BDC sector with a highly defensive, first-lien debt-focused portfolio, ensuring security and low default risk. Despite potential interest rate cuts, BXSL should maintain sufficient dividend coverage. Valuation remains attractive with a reasonable premium to net asset value, reflecting BXSL's quality and capital-gathering ability, making it a solid addition to portfolios.

Investors looking for stocks in the Financial - Miscellaneous Services sector might want to consider either Virtu Financial (VIRT) or Blackstone Inc. (BX). But which of these two stocks presents investors with the better value opportunity right now?

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