Apollo Global Management, LLC Class A Stock News

Enhancements Include Expanded Distribution Network, Strategic Partnerships and Regulatory Support for Nordics Enhancements Include Expanded Distribution Network, Strategic Partnerships and Regulatory Support for Nordics

NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced a definitive agreement under which Apollo-managed affiliates, funds and other long-term investors will invest $600 million to acquire a 50% interest in a joint venture entity related to the Vale Oman Distribution Center (“VODC”) from Vale S.A. (“Vale” or the “Company”).

The BDC sector is now in a correction. It also faces numerous significant headwinds. We share our outlook on and approach to the sector moving forward.

On August 5, Bank of America upgraded Apollo Global Management to “Buy” from “Neutral” following a significant 20% drop in the company's stock since the start of the month. BofA analysts attributed this drop to weaker-than-expected Q2 results alongside broader market pressures, including weak economic data and a lower interest rate outlook.

Organizations Will Drive AI Integration and Enhance Professional Development for IR Practitioners Organizations Will Drive AI Integration and Enhance Professional Development for IR Practitioners

Apollo Global stock is down 7.5% after the Q2 announcement. It was the first non-stellar quarter for a long time. Athene's lower net spread caused by alts returns impacted non-GAAP EPS. All other metrics remain strong, including fee-generating AUM and organic inflows.

Apollo Global Management, Inc. (NYSE:APO ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Noah Gunn - Global Head, Investor Relations Marc Rowan - Chief Executive Officer Scott Kleinman - Co-President Martin Kelly - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore ISI Alexander Blostein - Goldman Sachs Patrick Davitt - Autonomous Rese...

NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the second quarter ended June 30, 2024.