Blackstone Posted 'Solid' Q1 Results Despite Volatile Market Environment, Deutsche Bank Says

MT Newswires Live

Apr 21, 2025

Blackstone (BX) delivered "solid" Q1 results, showing "optimism" around business momentum despite broader market volatility, Deutsche Bank said in a note Monday.

Blackstone's distributable earnings, or DE, came in at $1.09 per share, ahead of the $1.05 consensus and Deutsche Bank's $1.02 estimate. Adjusting for a slightly lower tax rate, core DE was $1.08, said analysts, including Brian Bedell.

Fee-related earnings, or FRE, stood at $1.03 per share, surpassing Deutsche Bank's $0.99 estimate and the $1.02 consensus, driven by higher-than-expected base management fees and stronger performance in the Credit/Insurance and Private Equity segments, the analysts added.

Blackstone also reported gross fundraising of $61.6 billion, well above expectations, with significant contributions from Private Equity and Credit/Insurance strategies. Additionally, fee-paying assets under management came in stronger than anticipated, according to the note.

Deutsche Bank adjusted its price target on Blackstone to $155 from $161 and kept its buy rating. Shares of the company fell 6.8% in recent trading.

Price: 121.56, Change: -8.83, Percent Change: -6.78

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Adjusting for a slightly lower tax rate, core DE was $1.08, said analysts, including Brian Bedell.</p><p>Fee-related earnings, or FRE, stood at $1.03 per share, surpassing Deutsche Bank's $0.99 estimate and the $1.02 consensus, driven by higher-than-expected base management fees and stronger performance in the Credit/Insurance and Private Equity segments, the analysts added.</p><p>Blackstone also reported gross fundraising of $61.6 billion, well above expectations, with significant contributions from Private Equity and Credit/Insurance strategies. Additionally, fee-paying assets under management came in stronger than anticipated, according to the note.</p><p>Deutsche Bank adjusted its price target on Blackstone to $155 from $161 and kept its buy rating. Shares of the company fell 6.8% in recent trading.</p><p>Price: 121.56, Change: -8.83, Percent Change: -6.78</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4135","symbol_name":"资产管理与托管银行","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2529931385","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2529931385","pubTimestamp":1745247094,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Adjusting for a slightly lower tax rate, core DE was $1.08, said analysts, including Brian Bedell.Fee-related earnings, or FRE, stood at $1.03 per share, surpassing Deutsche Bank's $0.99 estimate and the $1.02 consensus, driven by higher-than-expected base management fees and stronger performance in the Credit/Insurance and Private Equity segments, the analysts added.Blackstone also reported gross fundraising of $61.6 billion, well above expectations, with significant contributions from Private Equity and Credit/Insurance strategies. Additionally, fee-paying assets under management came in stronger than anticipated, according to the note.Deutsche Bank adjusted its price target on Blackstone to $155 from $161 and kept its buy rating. 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