Blackstone (BX) Rides on Rising AUM Amid Higher Expenses
Blackstone(BX) ZACKS·2024-08-21 22:46
Blackstone Inc. (BX) remains well-poised for growth on the back of rising assets under management (AUM), a solid revenue mix and improving fee income. However, a rising expense base and a tough macroeconomic backdrop triggering fund outflows remain concerns.Blackstone’s solid global presence enables broad diversification and organic growth prospects. While segment revenues dipped in 2023, the metric reflected a six-year (2017-2023) compound annual growth rate (CAGR) of 5.3%. The growth was primarily driven ...