Blackstone’s Management Team Hailed as Key to Its Performance
Improving fundamentals The Blackstone Group (BX) has seen its stock price fall 32% over the past year due to weak operating performance. The stock’s slide has continued, and it has…
Energy credit Credit offerings witnessed distressed pricing during 4Q15 and 1Q16, due to falling energy prices (USO), weak corporate earnings, and macro uncertainty. Alternatives deployed record totals to take advantage…
High payouts Alternative asset managers tend to provide higher dividends than banks, traditional asset managers, and other financial service companies. The Blackstone Group’s (BX) equity has returned high double-digit compound returns…
Weak performance The Blackstone Group’s (BX) hedge fund solutions segment has seen weak performance over the past few quarters due to difficult global markets. Its performance and investment income turned marginally…
Select investments The Blackstone Group (BX) leverages its capital power and client reach through profitable deals in the real estate space. The company, the biggest alternative real estate investor in…
Core business contribution The Blackstone Group’s (BX) private equity has been a mainstay for the company over the past few years. The company’s performance in the private equity space has been…
Analysts have revised The Blackstone Group’s (BX) earnings per share estimate downwards to $0.63 in the September quarter and $2.06 for the full year.
In a Bloomberg survey of 32 analysts, 17 analysts have assigned a “buy rating to Morgan Stanley, while 14 have rated it as “hold.”
Morgan Stanley is currently trading at a PBV of 0.85x, which implies a discount of ~15% to its book value.
Since the financial crisis of 2009, there has been intense pressure on US banks like Morgan Stanley to raise capital levels to meet minimum requirements.
Morgan Stanley (MS) raised its dividends by 33% to $0.20 after it received conditional approval following the Fed’s 2016 stress tests in June.
Morgan Stanley has a cost-cutting program, Project Streamline, that will reduce $1 billion in costs by 2017—assuming no growth in revenues.
Morgan Stanley’s (MS) 3Q16 earnings beat analysts’ estimates and reported a major improvement in its fixed income and commodities (FICC) trading business.
During the third quarter, Morgan Stanley’s compensation expenses rose $700 million to $4.1 billion. Overall non-interest expenses rose 4% to $6.5 billion.
Morgan Stanley, the second-largest investment bank in the US, reported higher-than-estimated third quarter earnings on October 19. Its shares then rose 2%.
David Tepper said in his interview with CNBC that the US Presidential election is a major event for the market. He said, “I think they have to anticipate business investment going up.”
Tepper said bond prices are at an elevated level in the present scenario and that the central bank’s dovish stance is mainly responsible.
According to David Tepper in his interview with CNBC, a rate hike decision can vary according to the outcome of the presidential election in November.
The US dollar index (UUP) is at a six-month high, and it’s strengthening gradually. On October 12, 2016, it was trading at 97.8.
In an October 17, 2016, CNBC interview, David Tepper talked about his current stance on the market and said the market should be “pretty cautious.”