NEW YORK - Apollo Global Management reported flat second-quarter adjusted net income on Thursday that missed Wall Street's expectations, as a spike in revenue generated from fees was offset by a drop in income from its retirement business.
Apollo reported a quarterly record in fee-related earnings of $516 million in the second quarter, a 16.7% rise from the year-earlier period, for asset management and arranging financing for deals."We generated record fee related earnings in the second quarter behind particularly strong momentum in asset management," Apollo chief executive officer Mark Rowan said.
In the second quarter, Apollo reported a reserve of unspent capital of $68 billion and deployed $70 billion in investments. Debt originations set a quarterly record, reaching $52 billion. The company declared a dividend of 46.25 cents per share. I’m a 27-year-old teacher with $51K in student loans — but interest rates are killing me. How can I fix this?PORTSMOUTH, N.H., August 01, 2024--The Board of Directors of Iron Mountain Incorporated , a global leader in information management services, declared a quarterly cash dividend of $0.715 per share for the third quarter, payable on October 3, 2024 to shareholders of record on September 16, 2024.
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