
Blackstone shares jump 8% on strong third-quarter results
The move
Blackstone shares rose about 8.4% on Oct. 22 after the firm reported third-quarter distributable earnings of $1.7 billion, or $1.32 a share, above the $1.29 analysts expected, with total assets under management reaching a record $1.4 trillion, up 10% from a year earlier.
Why it matters
The jump shows investors rewarding Blackstone's fee income and profitability even as some rivals in private markets face slower dealmaking.
The bear case
Revenue of $3.06 billion came in below the $3.35 billion analysts expected, so not every part of the quarter beat forecasts.
What to watch
Blackstone's next dividend payment, declared at $1.12 a share for holders of record on Nov. 2, 2026.
