Apollo Global Management (APO, Financial) saw its stock rise by as much as 8.9%, reaching a new all-time high of $151.84. The company's impressive financial performance in the third quarter contributed to this surge.
Apollo's assets under management climbed to $733 billion by the end of the third quarter, marking a 16% increase from the same period last year. The alternative asset management giant reported an adjusted net income of $1.3 billion, translating to earnings per share (EPS) of $1.85. This figure exceeded analysts' expectations of $1.73 per share.
