Reported 18 days ago
Carlyle Group reported third-quarter profits of $367 million, beating Wall Street's expectations of 90 cents per share, thanks to a record 36% increase in fee-related earnings. Despite rising compensation costs, the firm's assets under management grew 17% to $447 billion. Company shares rose nearly 10% as market confidence returned following Donald Trump's re-election, indicating potential future growth for IPOs and mergers.
Source: YAHOO