Hot Stock Blurp – BX

Shares of investment and advisory firm The Blackstone Group L.P. (NYSE: BX) climbed 56 cents to $14.43 in early trading Friday after the company narrowed its Q3 GAAP loss to $176.2 million, or 91 cents a share, from $340.3 million, or $1.56 a share a year ago; revenues rose to $597 million, from negative $160.3 million a year ago.Looking ahead, the company said it expect more deals amid improvement in the lending markets. “We see many opportunities to deploy our substantial available capital across each of our asset management businesses with attractive potential risk-return for our fund investors,” Stephen A. Schwarzman, BX chairman and CEO said in a press release.

Shares of investment and advisory firm The Blackstone Group L.P. (NYSE: BX) climbed 56 cents to $14.43 in early trading Friday after the company narrowed its Q3 GAAP loss to $176.2 million, or 91 cents a share, from $340.3 million, or $1.56 a share a year ago; revenues rose to $597 million, from negative $160.3 million a year ago.Looking ahead, the company said it expect more deals amid improvement in the lending markets. “We see many opportunities to deploy our substantial available capital across each of our asset management businesses with attractive potential risk-return for our fund investors,” Stephen A. Schwarzman, BX chairman and CEO said in a press release.

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