Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.



home / news releases / OWL - Ares: Will It Follow Blackstone's Performance In Q2? (Earnings Preview)


OWL - Ares: Will It Follow Blackstone's Performance In Q2? (Earnings Preview)

2024-07-31 07:15:07 ET

Summary

  • Competitor Blackstone reported great performances in their private credit segment, boosting optimism for credit-focus asset managers such as Ares.
  • During the course of the quarter, the firm reiterated its high expectations for AUM growth, with management expecting AUM to be up 75% by 2028.
  • Due to strong profitability, growth in fundamentals, and operating in a growing industry, I rate Ares as a buy ahead of earnings.

Ares Management Corporation ( ARES ) is the fourth largest US firm with asset management activities as its core business. ARES was founded in 1997, and accumulates a market cap of approximately $45.5 billion, together with trailing revenues of $3.526 billion and a total AUM of $428 billion ....

For further details see:

Ares: Will It Follow Blackstone's Performance In Q2? (Earnings Preview)

Stock Information

Company Name: Blue Owl Capital Inc. Class A
Stock Symbol: OWL
Market: NYSE
Website: blueowl.com

Menu

OWL OWL Quote OWL Short OWL News OWL Articles OWL Message Board
Get OWL Alerts

News, Short Squeeze, Breakout and More Instantly...