Dafinchi AI

Blackstone Inc.

2025 Q3

Financial Services

Blackstone's Record Assets Under Management and Fundraising Success

Blackstone reported a new industry record of $1.24 trillion in assets under management (AUM) in Q3 2025, driven by a 26% growth in fee-related earnings.
Inflows reached $54 billion in the quarter, marking the fourth consecutive quarter exceeding $50 billion and totaling $225 billion over the last 12 months.
The firm’s fundraising success has significantly contributed to its record AUM, with assets growing organically over four decades.
Management highlighted the importance of their brand, scale, and breadth of capabilities in maintaining growth momentum.
The firm’s diversified platform across private equity, credit, real estate, and infrastructure is central to its sustained success.
Leadership expressed confidence that the firm’s growth prospects are stronger than ever, supported by secular and cyclical tailwinds.

BlackRock, Inc.

BLK

2025 Q3

Financial Services

BlackRock's Strategic Focus on Digital Assets and Tokenization

BlackRock is actively exploring tokenization of traditional assets, including ETFs, to reduce costs and increase efficiency.
The company manages over $100 billion in crypto assets and is the largest reserve fund manager for stablecoins with over €60 billion in Circle's reserve fund.
BlackRock envisions a future where investors can access a broad range of assets seamlessly within digital wallets, eliminating the need to leave the digital environment.
Larry Fink highlighted ongoing conversations with major platforms about digitization and tokenization, emphasizing the strategic importance of this market.
BlackRock plans to develop its own technology for asset digitization, aiming to lead in the global digital assets ecosystem.
The firm sees tokenization as a way to lower transaction costs, especially in real estate and other high-fee assets, and to expand access to capital markets.

Morgan Stanley

2025 Q3

Financial Services

Financial Performance Summary

Bank lending balances rose sequentially to $174 billion, supporting net interest income growth to $2 billion.
Institutional Securities revenues were $8.5 billion, driven by strong investment banking and equities performance.
Investment Management reached a record $1.8 trillion in assets under management (AUM) with $1.7 billion in revenues.
Morgan Stanley reported record revenues of $18.2 billion and EPS of $2.80 for Q3 2025.
Net new assets totaled $81 billion, with fee-based flows exceeding $40 billion for the second consecutive quarter.
Return on tangible common equity (ROTCE) was strong at 23.5%, reflecting operating leverage.
Total client assets increased by $1.3 trillion year-over-year to $8.9 trillion.
Wealth Management achieved record revenues over $8 billion with a 30.3% margin.

The Bank of New York Mellon Corporation

2025 Q3

Financial Services

Record Revenue Growth

$5.1 billion, up 9% year over year

Reported record revenue driven by broad-based strength across Security Services and Market and Wealth Services segments.

The Bank of New York Mellon Corporation

2025 Q3

Financial Services

Digital Asset and Blockchain Innovation Strategy

The company has positioned itself as a leader in digital assets, with investments in custody and tokenization platforms, including being the first U.S. GSIB to custody Bitcoin and other digital assets.
The firm is actively participating in the tokenization of real-world assets, exemplified by its role as investment manager and custodian for Singapore-based Open Eden's tokenized U.S. Treasury Bills Fund.
A collaborative initiative with Goldman Sachs aims to maintain blockchain-based mirror records of money market fund ownership, signaling a strategic move into on-chain financial products.
Robin Vince emphasized that digital assets and stablecoins are integral to the company's future infrastructure, with a focus on enabling client ecosystems rather than issuing proprietary stablecoins.
The company sees digital asset evolution as a long-term opportunity, with investments in technology and talent, including hiring a Chief Product and Innovation Officer specialized in digital assets.

State Street Corporation

STT

2025 Q3

Financial Services

Financial Performance Summary

Assets under management (AUM) reached a record $5.4 trillion, up 15% year over year.
Expenses increased 5% year over year to $2.4 billion, driven by investments in technology and strategic initiatives, partially offset by productivity savings.
FX trading revenue increased 16% and securities finance revenues grew 19% year over year, excluding notable items.
Management fees rose 16% to a quarterly record of $612 million, supported by higher market levels and net inflows.
Net interest income (NII) was $715 million, down 1% year over year, reflecting margin compression and deposit mix shifts.
Pretax margin expanded by approximately 270 basis points to 31%.
Return on tangible common equity rose about 160 basis points to 21%.
Servicing fees increased 7% driven by higher market levels, net new business, and currency translation.
Third quarter earnings per share (EPS) increased 23% year over year to $2.78.
Total revenue grew 9% year over year to approximately $3.5 billion, with fee revenue up nearly 12% excluding notable items.

The Carlyle Group Inc.

2025 Q2

Financial Services

2mo

Record FRE and AUM Highlights in Q2 2025

FRE reached a record $323 million, up 18% year-over-year.
First half FRE margin was a record 48%.
AUM hit a new high of $465 billion.
First half DE was $886 million, the highest ever for the firm.
$51 billion of organic inflows over 12 months, reflecting investor confidence.

Citizens Financial Group, Inc.

CFG

2025 Q3

Financial Services

Strategic Focus on Private Bank Growth and Profitability Milestones

The Private Bank achieved a significant milestone by reaching $12.5 billion in deposits, surpassing the year-end target of $12 billion.
The Private Bank's EPS contribution since its launch in 2023 has already covered initial investments, reaching breakeven in about two years.
Management emphasized the importance of cross-pollination within the Citizens franchise to enhance private banking growth.
The private bank added eight wealth lift-outs to its platform in 2025, with more in the pipeline, indicating aggressive expansion.
The outlook remains optimistic with expectations of continued strong growth and high ROE in the 20-25% range for 2025 and beyond.

Affirm Holdings, Inc.

AFRM

2025 Q4

Financial Services

1mo

Record Metrics and Accelerating Growth in Q4 2025

Affirm set new records in most of its metrics during Q4 2025, surpassing typical peak periods.
CEO Max Levchin highlighted that the quarter's results were exceptionally strong and unusual for a fiscal fourth quarter.
The company experienced accelerating growth, with increased originations and GMV, indicating robust demand.
Leadership expressed confidence that the growth momentum will continue into the next fiscal year.
The record-breaking performance was achieved despite typical seasonal fluctuations, emphasizing operational strength.

Apollo Commercial Real Estate Finance, Inc.

ARI

2025 Q2

Financial Services

2mo

Significant Capital Reinvestment and Portfolio Growth Strategy

Committed $1.4 billion in new loans in Q2, totaling $2 billion year-to-date, indicating aggressive reinvestment of capital received from repayments.
Portfolio value increased by 12% from the previous quarter to approximately $8.6 billion.
Focus on redeploying capital into new loans to avoid cash drag and diversify the portfolio across US and Europe.
Potential for portfolio size to grow beyond $10 billion through continued focus asset management and leverage.

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