Reported about 5 hours ago
Apollo Global Management's fourth-quarter profit surpassed expectations due to significant fee growth and robust performance in its retirement sector, resulting in a 4% rise in shares. The firm achieved $33 billion in inflows, leading to a 15% increase in assets under management, totaling $751 billion. With a goal of managing $1 trillion in assets by 2026, Apollo reported a 15% rise in adjusted net income to $1.36 billion, far exceeding analyst estimates.
Source: YAHOO