Apollo Global Management (NYSE:APO) announced its fourth quarter adjusted net income ahead of expectations and strong business KPIs (key performance indicators), according to Goldman Sachs.
The Apollo Global Management Analyst: Analyst Alexander Blostein reiterated a Buy rating and price target of $165.
The Apollo Global Management Thesis: The company reported adjusted net income of $2.47 per share, topping the consensus estimate of $2.03 per share, driven by a pre-tax income beat, Blostein said in the note.
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Apollo Global Management’s strong business KPIs were underscored by originations of $97 billion and gross capital …