Blackstone Group LP, the world's largest alternative asset manager, said on Thursday its second-quarter earnings jumped 89 percent year-on-year as its private equity profits soared, marking its best second quarter ever. Blackstone said economic net income (ENI), a metric of its profitability that takes into account the mark-to-market valuation of its portfolio, was $1.33 billion in the second quarter versus $703 million a year ago.That translated into ENI per share of $1.15, more than the 71 cents that analysts forecast on average in a Thomson Reuters poll.Distributable earnings, which show actual cash that is available to pay dividends, more than doubled in the second quarter to $770.8 million from $338.5 million a year ago.Total assets under management were $278.9 billion as of the end of June, up from $272 billion as of the end of March. Fee-earning assets under management rose to $209.9 billion from $203.6 billion at the end of March.
The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 1.74% or $0.58/share to $33.98. In the past year, the shares have traded as low as $21.30 and as high as $35.39. On average, 4955070 shares of BX exchange hands on a given day and today's volume is recorded at 7487784.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.71% or $0.26/share to $37.03. In the past year, the shares have traded as low as $32.87 and as high as $38.73. On average, 758952 shares of TRI exchange hands on a given day and today's volume is recorded at 397629.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.63% or $0.25/share to $39.77. In the past year, the shares have traded as low as $34.52 and as high as $42.10. On average, 589286 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 261009.
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