Yahoo Finance
(BX) is one of the world's largest alternative asset managers, overseeing investments across private equity, real estate, credit and insurance, infrastructure, and hedge fund solutions.
Blackstone has a market cap of $100.1 billion, and manages capital on behalf of pension funds, sovereign wealth funds, insurance companies, endowments, and individual investors.
Blackstone's shares have been under pressure over the past year, significantly lagging the broader market. BX stock has declined 19.5% over the past 52 weeks and 11% on a YTD basis.
In comparison, the S&P 500 Index ($SPX) has returned 22.2% over the past year and risen 13% in 2026.
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Narrowing the focus, BX has also underperformed the VanEck Alternative Asset Manager ETF (GPZ), which plunged 11.4% over the past 52 weeks and has decreased 8.3% this year.
Blackstone delivered a strong second quarter earnings report on July 23, topping Wall Street's expectations as robust fundraising, asset sales, and AI-related investments fueled growth.
Distributable earnings climbed 25.6% year over year to $1.52 per share, beating analysts' estimates of $1.35, while assets under management reached a record $1.35 trillion following strong client inflows.
The firm also monetized $31.8 billion of assets during the quarter, including stakes in data centers and power infrastructure, underscoring the growing contribution of AI-linked investments.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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