BREAKINGVIEWS-Blackstone's next trick is to stick the landing
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Blackstone reported $1.9 billion in earnings for Q3, a 48% year-over-year increase, surpassing analyst expectations by nearly 20%. The firm achieved a record $30.6 billion in asset sales, up 35% from the previous year. Earnings in private equity reached $871 million, doubling from 2024, while credit and insurance earnings rose 11% to $416 million. Despite these gains, concerns about defaults loom as the private equity sector navigates a challenging landscape post-Covid.
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