Blackstone Results Pop on Higher Fees, Assets Under Management
1. Blackstone's AUM reached $1.21 trillion, a new industry record. 2. Second-quarter earnings per share of $1.21 exceeded analysts' estimates. 3. Revenue soared 32.7% to $3.71 billion, driven by fee growth. 4. Quarterly dividend increased to $1.03, reflecting strong financial performance. 5. Shares of Blackstone gained, indicating investor confidence post-results.