FINWIRES · TerminalLIVE
FINWIRES

$KKR

47 stories mentioning KKR

Every FINWIRES story that references KKR, newest first.

Wire

KKR Fundraising Cycle Expected to Last Through 2027, RBC Says

KKR (KKR) is positioned to benefit from a "K-shaped" bifurcation in the alternative asset management industry, where larger diversified managers are gaining share, supported by a fundraising supercycle expected to extend through 2027, RBC Capital Markets said.Management said macro volatility could make its $7 per share guidance difficult to achieve, particularly as exits are delayed. However, RBC said in a Tuesday note that its estimates and consensus already reflected a lower baseline of about $6 per share heading into the quarter, helping reset expectations positively.The firm said KKR is benefiting from a fundraising supercycle driven by a secular shift in which limited partners are consolidating relationships with fewer general partners. This dynamic is reinforcing a "K-shaped" industry structure that favors large, diversified alternative asset managers.RBC also highlighted KKR's portfolio company employee ownership program, noting a strong outcome from the sale of CoolIT at a 15x exit multiple. The firm said the program, now implemented across 85 portfolio companies, has supported higher employee retention, stronger revenue growth, and margin expansion.The firm maintained an outperform rating on KKR and lowered its price target to $128 from $132.Price: $101.08, Change: $-0.92, Percent Change: -0.91%

$KKR
Wire

UBS Adjusts Price Target on KKR & Co to $126 From $113, Maintains Buy Rating

KKR & Co (KKR) has an average rating of buy and mean price target of $123.28, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $103.02, Change: $+1.02, Percent Change: +1.00%

$KKR
Wire

Piper Sandler Lifts Price Target on KKR to $125 From $117

KKR (KKR) has an average rating of buy and mean price target of $124.61, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $101.18, Change: $-2.15, Percent Change: -2.08%

$KKR
Research

Research Alert: CFRA Maintains Buy Rating On Shares Of Kkr & Co. Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our target by $5 to $125 using a narrower equity risk premium to capture worries about future fund performance and a forward P/E of 19.8x, near the five-year historical average at 19.0x and below the three-year average at 21.8x. Public market volatility has shifted investor sentiment to negative on shares of KKR on market uncertainties. KKR financial outcomes are the result of decisions made years ago, so portfolio construction, risk mitigation, and overall discipline should steer its fundamentals away from current market worries. However, we think monetization of private equity holdings may take longer. We lower our adjusted net income by $0.55 in both 2026 to $6.30 and 2027 to $7.50 on projected revenues of $10.1B (prior $10.5B) and $11.5B ($12.6B), respectively. We think large global investors are consolidating their investments with a small number of ALT firms; KKR is one of them. Despite the negative headlines, we think KKR is well positioned for any market upturn to accelerate monetization.

$KKR
Wire

Market Chatter: Blackstone, KKR in Talks With Alphabet to Give Portfolio Companies Access to AI Models

Blackstone (BX) and KKR (KKR) are in talks with Alphabet (GOOG, GOOGL) to allow their portfolio companies access to Google's artificial intelligence models, Bloomberg reported Tuesday, citing people familiar with the matter.The talks come after OpenAI and Anthropic announced deals on Monday with alternative asset managers to create AI consultancies that would turn private equity-backed firms into a new revenue stream for AI companies, according to the report.Blackstone and KKR will negotiate omnibus agreements with Google that would give their portfolio companies access to AI models, Bloomberg said, adding that Alphabet would gain access to companies it previously had limited ways to sell to.Blackstone, KKR and Alphabet did not immediately respond to a request 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: $123.61, Change: $+0.52, Percent Change: +0.42%

$BX$GOOG$GOOGL$KKR
Research

Research Alert: Kkr & Co., Inc. Reported Solid Q1 2026 Results

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:KKR delivered strong Q1 2026 results with operational earnings of $1.47/share, up 19% Y/Y, and Fee Related Earnings of $1.0B ($1.13/share), up 24% Y/Y, driven by 30% growth in management fees to $1.2B. Total AUM reached $758B, up 14% Y/Y, with fee paying AUM of $615B, up 17% Y/Y. We believe the firm's $286B in carry eligible AUM above cost provides sustainable earnings potential, while broad-based performance showed PE up 10% LTM and solid gains across Real Assets and Credit segments. The strategic acquisition of Arctos Partners adds $16B in sports-focused AUM and establishes KKR Solutions as a new business line. We view KKR's $22B quarterly deployment activity and $97B LTM capital invested as evidence of strong market positioning. The firm maintains a robust balance sheet with $13.0B in cash and investments, while returning significant capital through a 5% dividend increase to $0.195/share and $317M in share repurchases, supported by an enhanced automatic buyback program.

$KKR
US Markets

Stocks Rise Pre-Bell as Investors Await More Earnings, Monitor Middle East Developments

US equity futures were trending higher on Tuesday as traders await a fresh batch of corporate earnings and monitor developments in the Middle East.The S&P 500 and the Dow Jones Industrial Average rose 0.3% each in premarket activity, while the Nasdaq added 0.6%. The indexes finished the previous trading session lower.Shopify (SHOP), Pfizer (PFE), Duke Energy (DUK), KKR (KKR), Ferrari (RACE), American Electric Power (AEP), Transdigm (TDG), PayPal (PYPL) and Rockwell Automation (ROK) report their latest financial results before the bell, among others.Advanced Micro Devices (AMD), Arista Networks (ANET) and Strategy (MSTR) are expected to announce their earnings after the markets close.Shares of Palantir Technologies (PLTR) fell 3.3% pre-bell even though the software maker raised its full-year revenue outlook and reported first-quarter results above Wall Street's expectations. Pinterest (PINS) jumped 17% as the image-sharing platform company recorded better-than-expected first-quarter results.Investors were watching developments in the Middle East closely after a day of heightened tensions in the Strait of Hormuz. The US military destroyed six Iranian boats on Monday in the strait after Tehran attacked US Navy ships and commercial vessels, CNN reported, citing Admiral Brad Cooper, the head of the US Central Command. A senior Iranian military official reportedly disputed that claim.Iran fired missiles and drones at the United Arab Emirates, the UAE's Defense Ministry said in a post on X.President Donald Trump told Fox News on Monday that Iran will be "blown off the face of the Earth" if they attack US vessels that support his initiative to escort commercial ships through the Strait of Hormuz.West Texas Intermediate crude oil declined 2.2% to $104.09 a barrel before the opening bell, while Brent decreased 1.4% to $112.79."Absent a reopening of the strait within the next several weeks, the global oil market, in our view, is likely to enter a period of explicit demand rationing within the current quarter," Wells Fargo Investment Institute Chief Investment Officer Darrell Cronk said Monday.Tuesday's economic calendar has the international trade in goods and services report for March at 8:30 am ET, followed by the purchasing managers' index composite final report from S&P Global (SPGI) for April at 9:45 am.New home sales reports for February and March are expected to be out at 10 am, along with the Institute for Supply Management's services index for the previous month. The Job Openings and Labor Turnover Survey for March also posts at 10 am.Federal Reserve Vice Chair for Supervision Michelle Bowman is slated to speak at 10 am, while Fed Governor Michael Barr speaks at 12:30 pm.New York Fed President John Williams said Monday that the Middle East conflict could keep inflation elevated for some time.Treasury yields were down in premarket action, with the two-year rate retreating 2.8 basis points to 3.93% and the 10-year rate off 2.2 basis points to 4.42%.Gold inclined 0.7% to $4,563 per troy ounce, while bitcoin advanced 1% to $80,756.

Dow JonesNasdaq CompositeS&P 500$AEP$AMD$ANET$DUK$KKR$MSTR$PFE$PINS$PLTR$PYPL$RACE$ROK$SHOP$TDG
Wire

Sector Update: Financial Stocks Advance Late Afternoon

Financial stocks were higher late Thursday afternoon, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.5%.The Philadelphia Housing Index climbed 1.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1.5%.Bitcoin (BTC-USD) rose 0.9% to $76,409, and the yield for 10-year US Treasuries decreased 2.8 basis points to 4.39%.In economic news, the core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, rose to 3.2% year-on-year in March from 3%, meeting expectations. It climbed 0.3% month-over-month, down from the 0.4% reported in February.US economic growth, measured by gross domestic product, rose by 2.0% in Q1 after a 0.5% gain in Q4, slower than a 2.3% increase expected in a survey compiled by Bloomberg.US initial jobless claims fell to 189,000 in the week ended April 25 from an upwardly revised 215,000 in the previous week, against expectations for a rise to 212,000 in a Bloomberg survey.In corporate news, Citigroup (C) is stepping back from physical trading in industrial metals and has notified a number of staff from the commodities team about potential redundancies, Bloomberg reported. Citi shares were up 0.2%.KKR (KKR) is considering selling the Flora Food Group spreads business, seeking to strike a deal at a valuation of up to $10 billion, the Financial Times reported. KKR shares climbed 4.8%.Mastercard's (MA) Q1 results outpaced Wall Street's estimates, but the company said that the Middle East conflict was impacting spending on cross-border travel. Its shares fell nearly 4%.AvalonBay Communities (AVB) and Equity Residential (EQR) have held discussions over a potential merger, which would be one of the biggest real estate deals ever, Bloomberg reported. AvalonBay shares were down 1.1%, and Equity Residential was fractionally lower.

$AVB$C$EQR$KKR$MA
Sectors

Sector Update: Financial Stocks Advance Thursday Afternoon

Financial stocks were higher Thursday afternoon, with the NYSE Financial Index rising 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.3%.The Philadelphia Housing Index was up 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1%.Bitcoin (BTC-USD) rose 0.6% to $76,227, and the yield for 10-year US Treasuries was decreasing 2.4 basis points to 4.39%.In economic news, the core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, rose to 3.2% year-on-year in March from 3%, meeting expectations. It climbed 0.3% month-over-month, down from the 0.4% reported in February.US economic growth, measured by gross domestic product, rose by 2.0% in Q1 after a 0.5% gain in Q4, slower than a 2.3% increase expected in a survey compiled by Bloomberg.US initial jobless claims fell to 189,000 in the week ended April 25 from an upwardly revised 215,000 in the previous week, against expectations for a rise to 212,000 in a Bloomberg survey.In sector news, the US Senate unanimously passed Thursday a rule prohibiting its members from trading on prediction markets, effective immediately, CNBC reported.In corporate news, KKR (KKR) is considering selling the Flora Food Group spreads business, seeking to strike a deal at a valuation of up to $10 billion, the Financial Times reported. KKR shares climbed 4.2%.Mastercard's (MA) Q1 results outpaced Wall Street's estimates, but the company said that the Middle East conflict was impacting spending on cross-border travel. Its shares fell 4.7%.Brookfield Asset Management (BAM) is preparing to file draft documents as early as May for an initial public offering of Indian telecommunications tower operator Altius Telecom Infrastructure Trust, Bloomberg reported. Brookfield shares rose 3.9%.

$BAM$KKR$MA
Commodities

Market Chatter: Investment Giants Vie for Shell Stake in LNG Canada

Private equity giants Apollo Global Management (APO), Blackstone (BX), and KKR (KKR) are the final contenders in a high-stakes auction for a significant portion of Shell's (SHEL) 40% stake in LNG Canada, Reuters reported Thursday, citing sources.The asset has become increasingly attractive as North American energy provides a stable alternative to supplies currently disrupted by the Iran war.Located with direct access to the Pacific, LNG Canada is the first major North American facility capable of shipping liquefied natural gas directly to key Asian markets.According to the report, the deal could be valued between $10 billion and $15 billion and allow Shell to monetize a portion of its interest and attract fresh capital for future expansions of the British Columbia-based facility.Shell intends to sell its exposure to both the first and second phases of the project to a single bidder rather than splitting the stake, the report noted.All involved parties, including the bidding firms, 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.)

$APO$BX$KKR$SHEL
Equities

Market Chatter: Apollo Global Management, Blackstone, KKR Compete for Shell's LNG Canada Stake

Apollo Global Management (APO), Blackstone (BX) and KKR (KKR) are among the final bidders for a major stake in Shell's (SHEL) LNG Canada project in a deal that could top $10 billion and reach as much as $15 billion, Reuters reported Thursday, citing sources.The Shell-led sale could include stakes in both the project's operating first phase and its planned expansion, the report said.Shell is weighing a partial sale of its 40% stake to raise capital while retaining exposure, with LNG Canada's direct access to Asian markets boosting its appeal amid tighter global energy supplies, Reuters added.Apollo Global Management, Blackstone, KKR and Shell 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.)

$APO$BX$KKR$SHEL
Sectors

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks fell in late Friday afternoon trading with the NYSE Financial Index declining 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.7%.The Philadelphia Housing Index dropped 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.2%.Bitcoin (BTC-USD) fell 0.3% to $77,594, and the yield for 10-year US Treasuries decreased 2.1 basis points to 4.30%.In economic news, the University of Michigan consumer sentiment index was revised upward to 49.8 for April from 47.6 in the preliminary estimate, compared with expectations for a smaller upward revision to 48.5 in a survey compiled by Bloomberg.In sector news, US Attorney General for the District of Columbia Jeanine Pirro ordered her office to close its investigation into Federal Reserve Chair Jerome Powell.In corporate news, Western Union (WU) shares dropped 4.2% after the company reported Q1 adjusted earnings that fell more than Wall Street expected.Apollo Commercial Real Estate Finance (ARI) completed the sale of its $9 billion commercial real estate loan portfolio to Athene Holding, following an agreement announced in January. Apollo Commercial's stock rose 0.7%.KKR (KKR) and investment management company Capital Group are planning to launch a public-private credit fund in Asia in H2, Bloomberg reported. KKR shares rose 0.1%.Blackstone (BX), KKR and Apollo Global Management (APO) are negotiating to take control of Medallia from Thoma Bravo, after the software maker defaulted on loans of about $3 billion, the Wall Street Journal reported. Blackstone shares fell 0.5%, and Apollo lost 0.2%.

$APO$ARI$BX$KKR$WU
Sectors

Sector Update: Financial

Financial stocks were lower in late Friday afternoon trading, with the NYSE Financial Index down less than 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.7%.The Philadelphia Housing Index was slipping 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.2%.Bitcoin (BTC-USD) was decreasing 0.3% to $77,594, and the yield for 10-year US Treasuries decreased 2.1 basis points to 4.30%.In corporate news, Blackstone (BX), KKR (KKR), and Apollo Global Management (APO) are negotiating to take control of Medallia from Thoma Bravo, after the software maker defaulted on loans of about $3 billion, The Wall Street Journal reported. Blackstone shares were down 0.6%, KKR was easing 0.1%, and Apollo decreased 0.2%.

$APO$BX$KKR
Wire

Market Chatter: Blackstone, KKR in Talks to Take Over Medallia From Thoma Bravo After Loan Default

Blackstone (BX), KKR (KKR), and Apollo Global Management (APO) are negotiating to take control of Medallia from Thoma Bravo, after the software maker defaulted on loans of about $3 billion, The Wall Street Journal reported Friday, citing people familiar with the matter.Blackstone and KKR had marked the value of their Medallia loans at around 80 cents on the dollar in December, but have now reduced to 60 cents this month, the report added.Blackstone, KKR, Apollo Global 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: $121.92, Change: $-0.41, Percent Change: -0.34%

$APO$BX$KKR
Sectors

Sector Update: Financial Stocks Softer Friday Afternoon

Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index down 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.6%.The Philadelphia Housing Index was slipping 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was fractionally lower.Bitcoin (BTC-USD) was adding 0.5% to $77,629, and the yield for 10-year US Treasuries was decreasing 1.3 basis points to 4.31%.In economic news, the University of Michigan consumer sentiment index was revised upwards Friday to a reading of 49.8 for April from the 47.6 print in the preliminary estimate, compared with expectations for a smaller upward revision to 48.5 in a survey compiled by Bloomberg.In sector news, US Attorney General for DC Jeanine Pirro said Friday on X that she has ordered her office to close its investigation into Federal Reserve Chair Jerome Powell.In corporate news, Western Union (WU) shares dropped 3.4% after it reported Q1 adjusted earnings Friday that declined year on year and missed analysts' estimates.Apollo Commercial Real Estate Finance (ARI) shares added 0.6% after it said Friday that it has completed the sale of its $9 billion commercial real estate loan portfolio to Athene Holding, following an agreement announced in January.KKR (KKR) and investment management company Capital Group are planning to launch a public-private credit fund in Asia this year, Bloomberg reported. The fund is expected to launch in H2 and follows a similar one started by the two companies in the US in 2025, Bloomberg reported, citing Capital Group Chief Executive Mike Gitlin. KKR shares increased 0.6%.

$ARI$KKR$WU
Sectors

Sector Update: Energy Stocks Edge Higher Premarket Thursday

Energy stocks were edging higher premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.4%.The United States Oil Fund (USO) was up 1.1% and The United States Natural Gas Fund (UNG) was 2.4% lower.Front-month US West Texas Intermediate crude oil was 0.3% higher at $93.20 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.2% to reach $102.06 per barrel, and natural gas futures were down 1.8% at $2.67 per 1 million British Thermal Units.Helix Energy Solutions (HLX) and Hornbeck Offshore Services have agreed to merge in an all-stock deal to form an integrated offshore services company. Shares of Helix Energy Solutions Group were up more than 5% pre-bell.Sasol (SSL) said it now expects fiscal 2026 fuel sales volume growth of 10% to 15% year-over-year, up from previous guidance of 5% to 10%. Sasol shares were down more than 2% premarket.Apollo Global Management (APO) said Thursday it has agreed to acquire a 40% stake in Pembina Gas Infrastructure from KKR (KKR). Pembina Pipeline (PBA) shares were nearly 2% higher pre-bell.

$APO$HLX$KKR$PBA$SSL$UNG$USO$XLE
Wire

Market Chatter: Blackstone, KKR Lead $1.4 Billion Debt Restructuring for Dental Services Company

Blackstone (BX) and KKR (KKR) are leading a $1.4 billion debt restructuring for dental services company Affordable Care, Bloomberg said Wednesday, citing people familiar with the matter.Blackstone holds the largest portion of the company's senior debt, and Blackstone Private Credit Fund has slashed the value of the private credit loan to 69.8 cents on the dollar as of March 31, the report said.Blackstone and KKR did not immediately respond to requests for comment from to.(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: $130.50, Change: $+2.00, Percent Change: +1.55%

$BX$KKR
Sectors

Sector Update: Financial Stocks Advance Late Afternoon

Financial stocks were higher in late Tuesday afternoon trading with the NYSE Financial Index rising 0.5%, and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.4%.The Philadelphia Housing Index rose 0.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) climbed 1%.Bitcoin (BTC-USD) shed 0.3% to $74,210, and the yield for 10-year US Treasuries fell 4.1 basis points to 4.256%.In economic news, the US Producer Price Index rose by 0.5% in March, the same as in February and below the 1.1% gain expected in a Bloomberg-compiled survey. Energy prices jumped by 8.5% in the month after a 2.1% gain in the previous month due to a 15.7% surge in gasoline prices. Excluding food and energy, core PPI edged up 0.1%, below the 0.4% gain forecast and slower than the 0.3% gain reported in February.The International Monetary Fund now expects 2.3% US economic growth in 2026, a downward adjustment from its 2.4% estimate set out in January, and compares with the 2.1% growth reported in 2025. The IMF also revised down its 2026 global growth outlook in its World Economic Outlook update released Tuesday.In corporate news, Carlyle (CG) has attracted $1.5 billion in the first round of fundraising for its Carlyle Asset-Backed Income Fund from pension funds, sovereign wealth funds, and other institutional investors, Bloomberg reported. Carlyle shares gained 4.1%.Citigroup's (C) Q1 results came in stronger than Wall Street's expectations amid double-digit gains in fixed income and investment banking revenue. The stock rose 2.2%.Wells Fargo's (WFC) Q1 revenue missed market expectations as Chief Executive Charlie Scharf said there will likely be a lag in the pass-through of higher oil prices. Its shares dropped 5.6%.JPMorgan Chase (JPM) reported better-than-expected Q1 results on Tuesday, while Chief Executive Jamie Dimon said the US economy remained resilient but warned of an "increasingly complex set of risks," including wars and energy price volatility. JPMorgan shares decreased 0.9%.KKR (KKR) has limited redemptions to 5% of its asset-based finance fund K-ABF after receiving withdrawal requests of about 7.2%, Bloomberg reported. KKR shares were up 2.3%.

$C$CG$JPM$KKR$WFC
Sectors

Sector Update: Financial Stocks Climb Late Afternoon

Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index rising 1% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1.6%.The Philadelphia Housing Index was increasing 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was fractionally lower.Bitcoin (BTC-USD) was rising 3.3% to $73,042, and the yield for 10-year US Treasuries decreased 2 basis points to 4.297%.In economic news, the pace of US existing home sales fell by 3.6% to a 3.98 million seasonally adjusted annual rate in March from 4.13 million in February, compared with a smaller decrease expected to a 4.05 million rate in a survey compiled by Bloomberg as of 7:30 am ET, data from the National Association of Realtors released Monday showed.In sector news, BlackRock (BLK) raised its rating on US stocks to overweight from neutral, citing recent US-Iran talks as evidence of economic incentives to end the conflict. "We flagged two signposts to dial up risk-taking after the Middle East conflict led us to reduce risk and turn neutral on U.S. equities a few weeks ago," BlackRock said Monday in its weekly commentary report. "First: evidence of actions that could re-open shipping traffic in the Strait of Hormuz. Second: signs that any lingering macro impact is contained. We eye developments on both fronts. Plus, corporate earnings expectations are up even through the conflict, partly on the AI theme."In corporate news, HSBC (HSBC) shares rose 0.8% after it said Monday it has launched its tokenized deposit service in the US as part of plans to expand its digital money offerings.Goldman Sachs (GS), which reported higher Q1 earnings and net revenue pre-bell, is launching a new three-tranche offering in the US investment-grade debt market, with bond maturities spanning four to eight years, Bloomberg reported. Goldman shares were down 1.4%.Blackstone (BX) is partnering with I Squared Capital on a potential offer for the core advertising business of German media group Stroer, Bloomberg reported. Blackstone shares gained 5.8%.KKR (KKR) said its real estate arm plans to significantly ramp up property acquisitions in Japan, targeting a market it estimates at about 450 trillion yen ($2.8 trillion), as companies increasingly divest non-core assets, Bloomberg reported. KKR shares climbed 7.3%.

$BX$GS$HSBC$KKR
Sectors

Sector Update: Financial Stocks Rise Monday Afternoon

Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1%.The Philadelphia Housing Index was increasing 0.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.2%.Bitcoin (BTC-USD) was rising 2.3% to $72,375, and the yield for 10-year US Treasuries was slightly lower at 4.309%.In economic news, the pace of US existing home sales fell by 3.6% to a 3.98 million seasonally adjusted annual rate in March from 4.13 million in February, compared with a smaller decrease expected to a 4.05 million rate in a survey compiled by Bloomberg as of 7:30 am ET, data from the National Association of Realtors released Monday showed.In corporate news, Goldman Sachs (GS), which reported higher Q1 earnings and net revenue pre-bell, is launching a new three-tranche offering in the US investment-grade debt market, with bond maturities spanning four to eight years, Bloomberg reported. Goldman shares were down 2%.Blackstone (BX) is partnering with I Squared Capital on a potential offer for the core advertising business of German media group Stroer, Bloomberg reported. Blackstone shares gained 5.2%.KKR (KKR) said its real estate arm plans to significantly ramp up property acquisitions in Japan, targeting a market it estimates at about 450 trillion yen ($2.8 trillion), as companies increasingly divest non-core assets, Bloomberg reported. KKR shares climbed 6.2%.

$BX$GS$KKR

Showing 21-40 of 47

KKR News | FINWIRES