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Sectors

Sector Update: Financial Stocks Edge Lower Wednesday Afternoon

Financial stocks were softer in Wednesday afternoon trading, with the NYSE Financial Index 0.1% lower and the State Street Financial Select Sector SPDR ETF (XLF) down 0.2%.The Philadelphia Housing Index was falling 2.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was adding 0.5%.Bitcoin (BTC-USD) was increasing 0.6% to $62,078, and the yield for 10-year US Treasuries rose 1.2 basis points to 4.54%In economic news, the US seasonally adjusted consumer price index, a measure of inflation, rose by 0.5% in May, as expected, following a 0.6% increase in April, according to data released Wednesday by the Bureau of Labor Statistics. Core CPI, which excludes food and energy prices, rose by 0.2%, below the consensus estimate for a 0.3% increase. Core CPI rose by 0.4% in April. The year-over-year rates for overall and core CPI increased to 4.2% and 2.9%, respectively, from 3.8% and 2.8% in the previous month.In corporate news, Brookfield Asset Management (BAM) is expanding its offerings for wealthy investors in Japan, targeting infrastructure, real estate, and private credit as hedges against inflation, Nikkei reported. Brookfield shares were down 1.2%.Nasdaq (NDAQ) Verafin is launching a new set of agentic workers, beginning with the Agentic AML Analyst and the Agentic Fraud Analyst, the firm said. Shares were down 0.7%.Ares Management (ARES) has closed its Ares Pathfinder Fund III and Ares Pathfinder Fund III (Offshore), known together as Pathfinder III, at $8.5 billion in commitments, the company said Wednesday. Ares shares declined 1%.

$ARES$BAM$NDAQ
Sectors

Sector Update: Financial Stocks Lean Lower Pre-Bell Wednesday

Financial stocks were leaning lower pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.2%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.8% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.3% higher.Apollo Global Management (APO) has explored acquisitions of Japanese life insurance businesses, including units of T&D and Orix, as it seeks to expand its presence in Japan's insurance market, the Financial Times reported, citing people familiar with the matter. Shares of Apollo Global Management were nearly 3% lower premarket.Ares Management (ARES) has closed its Ares Pathfinder Fund III and Ares Pathfinder Fund III (Offshore), known together as Pathfinder III, at $8.5 billion in commitments, the company said. Shares of Ares Management were 0.5% lower pre-bell.Lazard (LAZ) reported preliminary assets under management of about $284.85 billion as of May 31, up from $275.37 billion in the prior month. Lazard stock was down 0.2% premarket.

$APO$ARES$FAS$FAZ$LAZ$XLF
Sectors

Sector Update: Financial Stocks Softer Late Afternoon

Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each declining 0.5%.The Philadelphia Housing Index was down 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was falling 1.5%.Bitcoin (BTC-USD) was adding 0.2% to $63,421, and the yield for 10-year US Treasuries rose 1.6 basis points to 4.552%.In economic news, consumer expectations for one-year US inflation growth decreased to a 3.5% gain in May from a 3.6% gain in the previous month, according to a survey released by the New York Federal Reserve Bank on Monday. The median inflation expectations remained unchanged at 3.1% gain for the three-year period and at a 3.0% gain for five years ahead.In corporate news, Allstate (ALL) shares fell 2.4% after Keefe Bruyette & Woods downgraded the stock to market perform from outperform and lowered the price target to $242 from $266.Blue Owl Capital (OWL), Ares Management (ARES), and Golub Capital are among firms targeting a $500 billion opportunity in Mexican pension funds, Bloomberg reported. Reforms have boosted contributions to workers' accounts, while new rules allow the Mexican funds to allocate more to international private-markets managers, the report said. Blue Owl shares were down 4.1%, and Ares rose 0.6%.Goldman Sachs (GS) and JPMorgan Chase (JPM) are exploring trading futures contracts tied to rental prices for graphics processing units, a move that could help lenders manage risks associated with financing AI infrastructure, The Information reported. Goldman shares added 0.6%, and JPMorgan was down 0.3%.Blackstone Digital Infrastructure Trust (BXDC) offers exposure to stabilized data center assets with limited development risk, while projected industry-leading AFFO/share growth and potential cap rate compression provide investment upside, with Blackstone (BX) backing adding to the credibility, BofA Securities said in a note. Blackstone Digital Infrastructure Trust shares rose 1.4%.

$ALL$ARES$BXDC$GS$JPM$OWL
Sectors

Sector Update: Financial

Financial stocks were softer in late Monday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) easing 0.2%.The Philadelphia Housing Index was declining 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was falling 1.5%.Bitcoin (BTC-USD) was adding 0.2% to $63,421, and the yield for 10-year US Treasuries rose 1.6 basis points to 4.552%.In corporate news, Blue Owl Capital (OWL), Ares Management (ARES), and Golub Capital are among firms targeting a $500 billion opportunity in Mexican pension funds, Bloomberg reported. Reforms have boosted contributions to workers' accounts, while new rules allow the Mexican funds to allocate more to international private-markets managers, the report said. Blue Owl shares were down 3.6%, and Ares rose 0.8%.

$ARES$OWL
Wire

Market Chatter: Alternative-Investment Firms Target Mexico's $500 Billion Pension Pool

Blue Owl Capital (OWL), Ares Management (ARES), and Golub Capital are among firms targeting a $500 billion opportunity in Mexican pension funds, Bloomberg reported Monday.Reforms have boosted contributions to workers' accounts, while new rules allow the Mexican funds to allocate more to international private-markets managers, the report said.BlackRock (BLK), Blackstone (BX), KKR (KKR) and Lexington Partners were among the earliest to set up vehicles eligible for investment by the pension funds, known as Afores, according to data from local exchange Biva, the report said.Blue Owl and Ares did not immediately respond to a requests for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $9.46, Change: $-0.35, Percent Change: -3.52%

$ARES$BLK$BX$KKR$OWL
Sectors

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index decreasing 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.3%.The Philadelphia Housing Index eased 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.4%.Bitcoin (BTC-USD) was falling 1.3% to $73,401, and the yield for 10-year US Treasuries decreased 2.6 basis points to 4.455%.In economic news, on a month-on-month basis, the personal consumption expenditures, or PCE, price index slowed to 0.4% in April from 0.7% in the previous month, Bureau of Economic Analysis data showed Thursday. The Street expected 0.5%. The core PCE price index, which excludes the more volatile food and energy and is the Fed's preferred inflation gauge, grew by 0.2% versus March's 0.3%, also the consensus for April.US economic growth, as measured by gross domestic product, rose by 1.6% in Q1, revised lower from a 2.0% increase in the advance estimate. No revision was expected in a survey compiled by Bloomberg. GDP rose by 0.5% in Q4.New orders for US durable goods rose by 7.9% in April following a 1.3% increase in March, beating the 4.0% gain forecast in a survey compiled by Bloomberg.In sector news, Grayscale has paused its IPO preparations due to unfavorable market conditions and is unlikely to resume the process before Q4, CoinDesk reported. The crypto asset manager filed confidentially for a US IPO last November, the report said.In corporate news, Robinhood (HOOD) shares jumped past 10% after it said the official Trump Accounts app is now available for download ahead of the tax-advantaged investment accounts' July 4 launch. Eligible US children born from 2025 to 2028 will qualify for a $1,000 initial contribution from the Treasury Department, the company said Thursday.UWM (UWMC) said Thursday it urged Two Harbors Investment (TWO) stockholders to vote against the proposed CrossCountry Mortgage merger following the second adjournment of Two Harbors' special meeting to vote on the transaction. UWM shares rose 1.4%, and Two Harbors was down 0.6%.MetLife (MET) and Ares Management (ARES) are at odds over restructuring of Eagle Football Group's debt, Bloomberg reported. Ares, which has provided more than $400 million in financing to Eagle Football, is trying loan restructuring while MetLife is being told to wait longer to get paid back, the report said. MetLife shares were down 1.5%, and Ares shed 0.3%.Apollo Global Management (APO) and other investment firms, including Angelo Gordon and Oaktree Capital, are facing a lawsuit from a rival creditor group alleging they planned illicit financing deals to take collateral from chemical manufacturer Trinseo, The Wall Street Journal reported. Apollo shares were down 1.8%.

$APO$ARES$HOOD$MET$TWO$UWMC
Sectors

Sector Update: Financial Stocks Decline Thursday Afternoon

Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.4%.The Philadelphia Housing Index eased 0.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.1%.Bitcoin (BTC-USD) was falling 1.3% to $73,337, and the yield for 10-year US Treasuries was down 3 basis points at 4.45%.In economic news, on a month-on-month basis, the personal consumption expenditures, or PCE, price index slowed to 0.4% in April from 0.7% in the previous month, Bureau of Economic Analysis data showed Thursday. The Street expected 0.5%. The core PCE price index, which excludes the more volatile food and energy and is the Fed's preferred inflation gauge, grew by 0.2% versus March's 0.3%, also the consensus for April.US economic growth, as measured by gross domestic product, rose by 1.6% in Q1, revised lower from a 2.0% increase in the advance estimate. No revision was expected in a survey compiled by Bloomberg. GDP rose by 0.5% in Q4.New orders for US durable goods rose by 7.9% in April following a 1.3% increase in March, beating the 4.0% gain forecast in a survey compiled by Bloomberg.In corporate news, MetLife (MET) and Ares Management (ARES) are at odds over restructuring of Eagle Football Group's debt, Bloomberg reported. Ares, which has provided more than $400 million in financing to Eagle Football, is trying loan restructuring while MetLife is being told to wait longer to get paid back, the report said. MetLife shares were down 1.2%, and Ares rose 0.3%.Cambridge University is pulling out funds from HSBC (HSBC), Barclays (BCS), and other institutions that continue to finance fossil fuels, Bloomberg reported. HSBC shares fell 1.5%, and Barclays was down 0.8%.Apollo Global Management (APO) and other investment firms, including Angelo Gordon and Oaktree Capital, are facing a lawsuit from a rival creditor group alleging they planned illicit financing deals to take collateral from chemical manufacturer Trinseo, The Wall Street Journal reported. Apollo shares were shedding 0.7%.

$APO$ARES$BCS$HSBC$MET
Sectors

Sector Update: Financial

Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.4%.The Philadelphia Housing Index eased 0.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.1%.Bitcoin (BTC-USD) was falling 1.3% to $73,337, and the yield for 10-year US Treasuries was down 3 basis points at 4.45%.In corporate news, MetLife (MET) and Ares Management (ARES) are at odds over restructuring of Eagle Football Group's debt, Bloomberg reported. Ares, which has provided more than $400 million in financing to Eagle Football, is trying loan restructuring while MetLife is being told to wait longer to get paid back, the report said. MetLife shares were down 1%, and Ares rose 0.4%.

$ARES$MET
Wire

Market Chatter: MetLife, Ares Management Clash Over Eagle Football Debt Restructuring Plan

MetLife (MET) and Ares Management (ARES) are at odds over restructuring of Eagle Football Group's debt, Bloomberg reported Thursday, citing people familiar with the matter.Ares, which has provided more than $400 million in financing to Eagle Football, is trying loan restructuring while MetLife is being told to wait longer to get paid back, according to the report.Eagle Football has warned of a critical financial position, with Ares marking down exposure and the football group facing regulatory and sporting risks if funding is not secured, the report added.MetLife and Ares Management did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $82.45, Change: $-0.75, Percent Change: -0.90%

$ARES$MET
Sectors

Sector Update: Financial Stocks Higher Late Afternoon

Financial stocks were higher in late Thursday afternoon trading, with the NYSE Financial Index up 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) fractionally higher.The Philadelphia Housing Index was adding 0.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was increasing 0.1%.Bitcoin (BTC-USD) was fractionally higher at $77,492, and the yield for 10-year US Treasuries rose 1.4 basis points to 4.586%.In economic news Thursday, US initial jobless claims fell to 209,000 in the week ended May 16 from an upwardly revised 212,000 in the previous week, compared with expectations for 210,000 in a Bloomberg-compiled survey.The May flash reading of manufacturing conditions from S&P Global rose to 55.3, a 48-month high, from 54.5 in April, compared with the 53.8 anticipated in a Bloomberg-compiled poll.April housing starts fell 2.8% from the previous month to a 1.465 million annual rate, compared with expectations compiled by Bloomberg for a 1.410 million rate.In corporate news, Ares Management (ARES) has raised about $850 million so far for its inaugural closed-ended real estate debt fund, with the firm targeting a total of $1.5 billion for Ares Real Estate Debt Strategies, Bloomberg reported. Ares shares rose 1.1%.KKR (KKR) signed a definitive deal to sell its Circor Aerospace division to Parker-Hannifin (PH) for $2.55 billion, according to a Thursday statement. Funds managed by KKR will continue to own Circor's naval and industrial businesses after the deal. KKR shares were down 0.2%.JPMorgan Chase (JPM) Chief Executive Jamie Dimon said the investment bank will likely hire more AI specialists and fewer bankers, Bloomberg reported, citing an interview. JPMorgan Chase shares were up 0.3%.Chubb (CB) said Thursday its board has authorized a new $7.5 billion share buyback program, starting July 1 with no expiration date. The company also said its quarterly cash dividend was increased to $1.02 per share from $0.97, payable on July 2 to shareholders of record as of June 12. Its shares added 0.5%.

$ARES$CB$JPM$KKR
Sectors

Sector Update: Financial

Financial stocks were higher in late Thursday afternoon trading, with the NYSE Financial Index up 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) fractionally higher.The Philadelphia Housing Index was adding 0.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was increasing 0.1%.Bitcoin (BTC-USD) was fractionally higher at $77,492, and the yield for 10-year US Treasuries rose 1.4 basis points to 4.586%.In corporate news, Ares Management (ARES) has raised about $850 million so far for its inaugural closed-ended real estate debt fund, with the firm targeting a total of $1.5 billion for Ares Real Estate Debt Strategies, Bloomberg reported. Ares shares rose 1.2%.

$ARES
Wire

Market Chatter: Ares Management Raises $850 Million for Inaugural Real Estate Debt Fund

Ares Management (ARES) has raised about $850 million so far for its inaugural closed-ended real estate debt fund, with the firm targeting a total of $1.5 billion for Ares Real Estate Debt Strategies, Bloomberg reported Thursday, citing a person familiar with the matter.The final close of the fund is slated for H1 of 2027, the report said, adding that the fund will focus on property debt investments in the US and Europe.Ares Management did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $124.46, Change: $+2.35, Percent Change: +1.92%

$ARES
Sectors

Sector Update: Financial Stocks Rise Late Afternoon

Financial stocks were higher in late Wednesday afternoon trading, with the NYSE Financial Index rising 1.7% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1.2%.The Philadelphia Housing Index was climbing up 3.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.1%.Bitcoin (BTC-USD) was increasing 1% to $77,510, and the yield for 10-year US Treasuries dropped 9.5 basis points to 4.57%.In corporate news, Microsoft-backed (MSFT) OpenAI has been working with bankers in preparation of filing for an initial public offering in the coming days or weeks, The Wall Street Journal reported. Bankers at Morgan Stanley (MS) and Goldman Sachs (GS) have been working with OpenAI on a draft IPO prospectus the maker of ChatGPT plans to file confidentially with regulators soon, potentially as early as Friday, the report said. Morgan Stanley shares gained 4.3%, and Goldman popped 5.6%.An Ares Management (ARES) fund and the Scion Group have purchased 12 US student-housing properties for about $910 million, Bloomberg reported. Ares rose 0.8%.Apollo Global Management (APO) was asked by two teacher organizations to investigate Chief Executive Marc Rowan's apparent use of the private equity firm's resources for his work with the Trump administration in violation of company policy, Bloomberg reported, citing a letter the groups sent to the chair of Apollo's audit committee. Apollo shares were up 0.9%.Lincoln International (LCLN) shares were up 13% after the stock marked its New York Stock Exchange debut at higher than the $20-per-share initial public offering price.

$APO$ARES$GS$LCLN$MS
Sectors

Sector Update: Financial Stocks Advance Wednesday Afternoon

Financial stocks were higher in Wednesday afternoon trading, with the NYSE Financial Index rising 1.4% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.9%.The Philadelphia Housing Index was climbing up 3.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.8%.Bitcoin (BTC-USD) was increasing 0.9% to $77,453, and the yield for 10-year US Treasuries was dropping 9 basis points to 4.577%.In US economic news, the Federal Reserve is scheduled to post minutes from its April policy meeting at 2 pm ET, in which policymakers had voted to keep the federal funds rate unchanged at 3.5% to 3.75%.In corporate news, an Ares Management (ARES) fund and the Scion Group have purchased 12 US student-housing properties for about $910 million, Bloomberg reported. Ares rose 1.8%.Morgan Stanley (MS) has provided Hong Kong-based investment banking employees with special iPhones and iPads for use in mainland China amid rising concerns over cross-border data compliance, the Financial Times reported. Morgan Stanley shares were up 4.1%.Lincoln International (LCLN) shares were up 13% after the stock marked its New York Stock Exchange debut at higher than the $20-per-share initial public offering price.

$ARES$LCLN$MS
Sectors

Sector Update: Financial

Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index rising 1.4% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.9%.The Philadelphia Housing Index was climbing 3.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.8%.Bitcoin (BTC-USD) was increasing 0.9% to $77,453, and the yield for 10-year US Treasuries was dropping 9 basis points to 4.577%.In corporate news, an Ares Management (ARES) fund and the Scion Group have purchased 12 US student-housing properties for about $910 million, Bloomberg reported. Ares rose 1.8%.

$ARES
Wire

Update: Ares, Scion Form Joint Venture, Acquire Student Housing Portfolio

(Updates with company announcement throughout the report.)Ares Management's (ARES) Ares Real Estate fund and The Scion Group formed a joint venture that acquired a 12-property US student-housing portfolio from Harrison Street Asset Management for about $910 million, the companies said Wednesday.The portfolio includes 7,578 beds serving university markets, including the University of Notre Dame near South Bend, Indiana, the Ohio State University in Columbus, Ohio, and James Madison University in Harrisonburg, Virginia.The joint venture will focus on investing in high-quality off-campus student housing assets in markets with strong enrollment fundamentals and limited new supply, according to the statement.Price: $120.65, Change: $-0.48, Percent Change: -0.40%

$ARES
Wire

Market Chatter: Ares Management, Scion Group Buy 12 US Student-Housing Properties for $910 Million

An Ares Management (ARES) fund and the Scion Group have purchased 12 US student-housing properties for about $910 million, Bloomberg News reported Wednesday.The properties include a total of 7,578 beds and are located near schools including the University of Notre Dame outside of South Bend, Indiana, Ohio State University in Columbus and James Madison University in Harrisonburg, Virginia, according to the report.Ares Management did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $119.93, Change: $-1.20, Percent Change: -0.99%

$ARES
Research

Research Alert: CFRA Reiterates Buy Opinion On Shares Of Ares Management Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We see share price weakness as a buying opportunity, as ARES has a formidable business across private credit, real assets, and private equity markets. We think public equity market worries about whether firms like ARES can continue to deliver high returns from their investment funds is misunderstood. Thus, we maintain our $160 target using a forward P/E of 26.2x compared to the three-year historical average at 30.0x and the five-year at 27.0x. We lower our 2026 EPS by $0.30 to $6.10 and 2027's by $0.40 to $7.40, our prior estimates were well above the consensus. With regard to public concerns about the potential negative impact of AI on software companies, ARES states only 5%-6% of total AUM is software-related and digital infrastructure is only 2%, not material. Default risk is claimed to be less than 1%. Dividend yield is 4.6%, supported by growing businesses with strong inflows and total AUM growth. We think the Iran-U.S. war does pose a risk to monetization of private equity holdings in funds.

$ARES
Sectors

Sector Update: Financial Stocks Rise Premarket Friday

Financial stocks were rising premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.4%.The Direxion Daily Financial Bull 3X Shares (FAS) was 1.1% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 1.1%.Aon (AON) shares were up more than 2% after the company reported higher Q1 adjusted earnings and revenue.Ares Management (ARES) stock was up more than 2% after the company posted higher Q1 earnings and revenue.Cboe Global Markets (CBOE) shares were up more than 5% after the company posted higher Q1 adjusted earnings and revenue.

$AON$ARES$CBOE$FAS$FAZ$XLF
Research

Research Alert: Ares Management Delivers Solid Results And Aum Growth

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ARES delivered strong Q4 2025 results with 18% Y/Y AUM growth to $644B and fee-paying AUM up 19% to $400B, while after-tax realized income of $1.24. Credit strategies showed robust performance with APAC Credit generating +20.3% returns and U.S. Senior Direct Lending at +18.0% and other Credit fund showing positive performance. We believe ARES's diversified platform positions the firm well to maintain market leadership across credit, real estate, private equity and infrastructure. Management expressed confidence in strong 2026 fundraising that could match or exceed 2025's record levels. The 20% dividend increase to $1.35 reflects management's confidence in cash generation capabilities, while $158B in available capital provides significant dry powder for future deployments. In our view, ARES benefits from its scale and global operations in capturing opportunities across market cycles, with credit dominating at 65% of FPAUM and 93% of management fees from perpetual capital or long-dated funds.

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