TPG Q2 Revenue Hits $1.84B, AUM Surges to $327B
TPG sits 32% above its 52-week low of $36.95 on elevated volume (2.2× avg).
Summary
TPG reported Q2 revenue of $1.84 billion and EPS of $0.39, with net income of $319.7 million. Assets under management jumped $26.5 billion to $326.8 billion, and available capital stands at $76.2 billion. Year-to-date revenue is up roughly 20%. This follows the 8-K and 10-Q filed yesterday that highlighted a tenfold net income increase and record fee-related earnings. The company is hosting an investor call today at 11:00 AM ET, where management will likely discuss the drivers behind the AUM growth and capital deployment plans.
At the time of this announcement, TPG was trading at $48.75 on NASDAQ in the Finance sector, with a market capitalization of approximately $18.8B. The 52-week trading range was $36.95 to $70.38. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.