Blackstone stock forecast investors tracking the Blackstone stock

Investors tracking the Blackstone stock forecast should note the firm’s capital deployment pace of $13B in Q2 2024, which supports growth in fee-related earnings. Market chatter suggests sustained demand from institutional clients amid higher global interest rates. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com In the latest quarter, Blackstone reported revenue of $3.07 billion and net income of $1.57 billion , with diluted EPS of $1.21 , surpassing Wall Street’s expectation of $1.10. For fiscal year 2024, revenue totaled $11.57 billion , up from $10.93 billion in 2023, while net income hit $2.86 billion . The firm’s operating margin stood at 52.7% , one of the highest in the financial sector, with return on equity climbing to 28.8% . Risk-adjusted Blackstone stock forecast evaluations find the firm’s diversified portfolio reduces exposure to equity market shocks, keeping projected volatility in check compared to broader financial indices.