Apollo's third-quarter profit rises 12%, exceeds estimates [Yahoo! Finance Canada]
Barnes Group, Inc. (B)
Last barnes group, inc. earnings: 4/24 06:30 am
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Source: Yahoo! Finance Canada
in third-quarter profit on Tuesday, driven by gains from its retirement business and an uptick in revenue generated from fees. The New York-based investor in private equity and corporate credit reported $856 million in income from its retirement business, marking its second-highest quarterly total for this category. The firm benefited from demand for its products such as private credit as the U.S. Federal Reserve started easing policy rates, but remains restrictive to economic growth. Alternative investment firms such as Apollo have been taking advantage of demand for capital from companies that banks find too risky to serve. Apollo said origination volumes, including in debt, credit and equity, reached $62 billion, a record for a quarter. The firm also raised new money, including from individual investors who have been eager to get a piece of the private credit market. The New York-based investor in private equity and corporate credit posted adjusted net income of $1.13 bil
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B
Earnings
- 10/25/24 - Miss
B
Sec Filings
- 11/8/24 - Form SC
- 11/5/24 - Form 4
- 11/5/24 - Form 4
- B's page on the SEC website