KKR

Ryan Specialty Group (RYAN) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +4.08%. A quarter ago, it was expected that this insurance company would post earnings of $0.61 per share when it actually produced earnings of $0.74, delivering a surprise of +21.31%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Ryan Specialty, which belongs to the Zacks Insurance - Brokerage industry, posted revenues of $789.96 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 0.15%. This compares to year-ago revenues of $754.58 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Ryan Specialty shares have lost about 17.5% since the beginning of the year versus the S&P 500's gain of 13.1%. While Ryan Specialty has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Ryan Specialty was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.47 on $794.72 million in revenues for the coming quarter and $2.17 on $3.3 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Brokerage is currently in the bottom 6% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the broader Zacks Finance sector, KKR & Co. Inc. (KKR), is yet to report results for the quarter ended September 2026. The results are expected to be released on November 9. This company is expected to post quarterly earnings of $1.58 per share in its upcoming report, which represents a year-over-year change of +12.1%. The consensus EPS estimate for the quarter has been revised 61.9% higher over the last 30 days to the current level. KKR & Co. Inc.'s revenues are expected to be $1.75 billion, up 19.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ryan Specialty Holdings Inc. (RYAN) : Free Stock Analysis Report KKR & Co. Inc. (KKR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Colony Bankcorp (CBAN) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +3.85%. A quarter ago, it was expected that this bank holding company would post earnings of $0.48 per share when it actually produced earnings of $0.52, delivering a surprise of +8.33%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Colony Bankcorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $42.64 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 3.50%. This compares to year-ago revenues of $32.79 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Colony Bankcorp shares have added about 14.5% since the beginning of the year versus the S&P 500's gain of 12.8%. While Colony Bankcorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Colony Bankcorp was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.49 on $51.9 million in revenues for the coming quarter and $2.00 on $173.55 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Finance sector, KKR & Co. Inc. (KKR), has yet to report results for the quarter ended September 2026. The results are expected to be released on November 9. This company is expected to post quarterly earnings of $1.58 per share in its upcoming report, which represents a year-over-year change of +12.1%. The consensus EPS estimate for the quarter has been revised 61.9% higher over the last 30 days to the current level. KKR & Co. Inc.'s revenues are expected to be $1.75 billion, up 19.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Colony Bankcorp, Inc. (CBAN) : Free Stock Analysis Report KKR & Co. Inc. (KKR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

- Realty Income's ~5.40% dividend yield now sits just 40 basis points above the 5.00% 10-year Treasury, its slimmest cushion in years. - Jim Cramer warned: "If you think the 10 year is headed to 6%, then Realty Income is not worth a second look." - KKR joined Realty Income in a euro-denominated joint venture, giving O a path to grow without relying entirely on public equity. - Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and Realty Income made the cut. Enter your email to see the other nine names and why O earned its spot. The report is free. Enter your email and see the full list. Realty Income (NYSE:O) reports third-quarter results, expected Monday, November 2, after the close. With the 10-year Treasury at 5.00%, this report tests whether "The Monthly Dividend Company" can keep growing cash flow as capital gets more expensive. Last quarter, AFFO per share rose 3.8% to $1.09, and revenue of $1.55B beat the $1.44B consensus. GAAP EPS of $0.37 missed the $0.4227 estimate, weighed down by $54.2 million in impairments. Management raised 2026 AFFO guidance to $4.44 to $4.45 and lifted its investment target to $10.0B. Rates turned less friendly after that. The 10-year peaked at 5.31% on October 5 before falling. Realty Income kept raising capital, closing a $1.0 billion convertible notes offering in August and announcing a euro-denominated joint venture with KKR (NYSE:KKR) in September. Shares are up 3.5% over the past month and 5.55% year to date. Metric | Consensus | Prior Year | YoY Change Q3 2026 EPS | $0.4347 | $0.35 | +24.2% Q3 2026 Revenue | $1.447B | $1.471B | -1.6% FY 2026 EPS | $1.5074 | $1.17 | +28.8% FY 2026 Revenue | $5.78B | $5.75B | +0.6% Revenue has beaten estimates in every quarter in the available history. I put more weight on AFFO, the metric REIT investors actually track. ------ Free Report, Just Released Why O Made Our Top 10 List 24/7 Wall St has helped investors make money for over two decades, and our top analysts just finished ranking the definitive Top 10 Stocks To Buy Now. Not the ten biggest companies. Not the ten everyone is arguing about. The ten best stocks to buy right now. And O made the cut. See who else did. The report is free, and you can see why we think each stock is a top investment today. Enter Your Email and See the Ten → ------ Investment yields are my first focus. Realty Income targets roughly a 150-basis-point spread over its cost of capital, and Q2 deals closed at a 7.3% initial cash yield. CEO Sumit Roy called cap rates a "trailing variable" and warned that "in a highly elevated cost-of-capital environment, cap rates will need to adjust." If acquisition yields fail to rise with the 10-year, spreads shrink. Leverage comes next. Net debt to EBITDAre rose to 5.4x from 5.2x. So far this year, new debt priced at a blended 3.9% coupon, slightly below the 4% on maturing debt. You should ask whether that advantage lasts a full quarter of 5% Treasuries. Updates on the $6B hyperscale data center venture and the private capital funds are also worth tracking, as they let Realty Income grow without leaning entirely on public equity. Occupancy slipped to 98.8%, still above the ~98.5% guidance, while the tenant watch list sits in the high-5% area. Realty Income just declared its 136th monthly dividend increase, yet its ~5.40% yield now stands close to a 5.00% Treasury. Jim Cramer put it bluntly: "If you think the 10 year is headed to 6%, then Realty Income is not worth a second look." Reaffirmed guidance and steady spreads would show the dividend story still works when bonds compete for the same income investors (if you want more names that pay on the same monthly schedule as O, we rounded up seven of our favorites in a free report here). If you have cash sitting in your account right now, give this two minutes. After more than two decades of helping investors beat the market, our top analysts at 24/7 Wall St. put together a definitive report on the Top 10 Stocks To Buy Today. And O was one of them. They combed the entire market. It's not 10 ideas, not 10 stocks everyone is talking about, it's what their research points to as the 10 best stocks to buy right now, and it's free. Read more here and see which stocks made the list -->> Contact [email protected] for any questions or corrections.

Blackstone's BX third-quarter 2026 distributable earnings of $1.32 per share outpaced the Zacks Consensus Estimate of $1.26. However, the bottom line declined 13% from the prior-year quarter. Results benefited from a rise in the assets under management (AUM) balance to record levels and higher fee-related earnings. However, a decline in segment revenues was the undermining factor. Net income attributable to Blackstone was $662.4 million, rising 6% from the year-ago quarter. Total segment revenues for the reported quarter were $3.22 billion, declining 3% year over year. On a GAAP basis, revenues were $3.06 billion, which declined 1%. The Zacks Consensus Estimate for revenues was $3.12 billion. Total expenses (GAAP basis) were $1.63 billion, down 7% year over year. Fee-related earnings were $1.57 billion, up 6% year over year. Management and advisory fees, net, increased 6% to $2.16 billion, while fee-related performance revenues rose 19% to $540.1 million. As of Sept. 30, 2026, Blackstone had $13.2 billion in total cash, cash equivalents, corporate treasury and other investments, and $23.5 billion in cash and net investments. The company has a $4.3-billion credit revolver, of which $3.6 billion was undrawn. Fee-earning AUM grew 9% year over year to $989.7 billion as of Sept. 30, 2026. The total AUM amounted to $1.37 trillion, up 10%. The rise in total AUM was supported by $63.3 billion in inflows in the reported quarter. As of Sept. 30, 2026, the total dry powder available for future investments was $228.9 billion. During the reported quarter, Blackstone repurchased 0.2 million shares. The remaining share repurchase authorization was $1.6 billion as of Sept. 30, 2026. BX's AUM growth and continued inflows across its investment strategies support its fee-related earnings. However, lower segment revenues, a decline in distributable earnings and weakness in real estate opportunistic fund performance remain concerning. Blackstone Inc. price-consensus-eps-surprise-chart | Blackstone Inc. Quote Currently, Blackstone carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. KKR & Co. Inc. KKR is set to report third-quarter 2026 results on Nov. 9. Over the past seven days, the Zacks Consensus Estimate for KKR's quarterly earnings has been revised lower to $1.59. The estimated figure indicates a 12.8% rise from the prior-year quarter. Ares Management ARES is scheduled to report third-quarter 2026 results on Oct. 29. Over the past week, the Zacks Consensus Estimate for Ares Management's quarterly earnings has been revised lower to $1.25. The estimated figure indicates a 5% rise from the prior-year quarter's actual. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Blackstone Inc. (BX) : Free Stock Analysis Report KKR & Co. Inc. (KKR) : Free Stock Analysis Report Ares Management Corporation (ARES) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Blackstone BX is scheduled to announce third-quarter 2026 results on Oct. 22, before the opening bell. As a leading global alternative asset manager, the company's results are expected to draw significant attention, offering insights into its capital deployment strategies and those of its peers amid macroeconomic volatility. In the second quarter, BX reported a solid performance, with assets under management (AUM) and revenue growth. This time, the company is less likely to have recorded a similar performance. The Zacks Consensus Estimate for revenues is pegged at $3.36 billion, implying only a 1.9% year-over-year improvement. In the past seven days, the consensus estimate for the company's earnings has been revised 1.5% lower to $1.31. This indicates a 13.8% decline. Estimate Revision Trend Image Source: Zacks Investment Research BX has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, with the average beat being 13.95%. Earnings Surprise History Image Source: Zacks Investment Research Blackstone has been witnessing an increase in fee-earning AUM and total AUM driven by its diversified product and revenue mix, superior position in the alternative investments space and net inflows. Given the high market volatility and increased client activity in the third quarter, the company is expected to have recorded a rise in AUM as inflows grew. The Zacks Consensus Estimate for total AUM of $1.38 trillion indicates growth of 11.1% from the prior-year quarter. The consensus estimate for total fee-earning AUM of $981.7 billion suggests an increase of 8.3%. The Zacks Consensus Estimate for total management and advisory fees (segment revenues) is pegged at $2.17 billion, which indicates a 6.3% increase. The consensus estimate for fee-related performance revenues (segment revenues) of $529.1 suggests a jump of 16.8% because of solid market performance in the third quarter. Additionally, Blackstone expects profits from deal exits to have been subdued in the to-be-reported quarter. Per the company's preliminary estimate, revenues from realization activities were more than $350 million between July 1 and Sept. 22, 2026. The consensus estimate for realized performance revenues and realized principal investment income is pegged at $682.2 million and $47.4 million, respectively. In the third quarter of 2025, Blackstone generated $745 million of realized performance revenues and $62.5 million of principal investment income. Blackstone's expenses have been increasing over the past few years, mainly because of higher general, administrative and other expenses. As the company has continued to invest in franchises, expenses are expected to have risen to some extent in the third quarter. Per our proven model, the chances of Blackstone beating the Zacks Consensus Estimate for earnings this time are low. This is because it doesn't have the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), which is required to be confident of an earnings beat. BX has an Earnings ESP of -2.65%. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Blackstone carries a Zacks Rank #4 (Sell) at present. Blackstone shares have lost 12.5% in the third quarter compared with the industry's fall of 3.8%. The stock has also underperformed Apollo Global APO and KKR & Co. KKR. 3Q26 Price Performance Image Source: Zacks Investment Research Apollo Global is slated to report quarterly results on Nov. 3, before the opening bell, while KKR & Co. is scheduled to report results on Nov. 9. Over the past seven days, the Zacks Consensus Estimate for Apollo Global's third-quarter 2026 earnings has been unchanged at $2.24. The consensus estimate for KKR & Co.'s third-quarter 2026 earnings has been revised upward to $1.61 over the past week. At present, both APO and KKR carry a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Blackstone Inc. (BX) : Free Stock Analysis Report KKR & Co. Inc. (KKR) : Free Stock Analysis Report Apollo Global Management Inc. (APO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

PHILADELPHIA and NEW YORK, Oct. 8, 2026 /PRNewswire/ --FS KKR Capital Corp. (NYSE: FSK) ("FSK" or the "Company") announced today that its board of directors has declared (i) a fourth quarter 2026 distribution on shares of the Company's common stock of $0.44 per share and (ii) a special distribution on shares of the Company's common stock of $0.20 per share, which represents a portion of the Company's estimated undistributed taxable income. FSK also announced that it will host its third quarter 2026 results conference call via live webcast on Thursday, November 5, 2026 at 9:00 a.m. (Eastern Time) and that the Company plans to release its third quarter 2026 results before the opening of trading on the New York Stock Exchange on Thursday, November 5, 2026. Declaration of Fourth Quarter 2026 Common Stock Distribution On October 7, 2026, FSK's board of directors declared a distribution for the fourth quarter of $0.44 per share of common stock, which will be paid on or about December 24, 2026 to common stockholders of record as of the close of business on December 16, 2026. The Company's regular quarterly distribution is based on management's current estimates and expectations regarding the Company's financial results for the quarter ended September 30, 2026. The Company's actual GAAP net investment income for the quarter remains subject to the completion of customary quarter-end closing procedures and the finalization of its financial statements and, as a result, actual GAAP net investment income may differ from current expectations. Accordingly, the declared distribution should not be viewed as a projection, forecast or guarantee of the Company's financial results for the quarter ended September 30, 2026. Declaration of Special Common Stock Distribution On October 7, 2026, FSK's board of directors declared a special distribution of $0.20 per share of common stock, which will be paid on or about December 15, 2026 to common stockholders of record as of the close of business on December 1, 2026. The special distribution amount represents a portion of the Company's estimated accumulated spillback income and is intended to distribute additional taxable income to shareholders in connection with the Company's maintenance of its treatment as a regulated investment company under the Internal Revenue Code of 1986, as amended. Conference Call Information FSK will host its third quarter 2026 results conference call via live webcast on Thursday, November 5, 2026 at 9:00 a.m. (Eastern Time). All interested parties are welcome to participate and can access the live webcast from the For Investors section of FSK's website at www.fskkrcapitalcorp.com under Events & Presentations or through the following URL: https://edge.media-server.com/mmc/p/upuop9i6. Research analysts who wish to participate in the conference call are requested to register a day in advance or at a minimum 15 minutes before the start of the call using the following URL: https://register-conf.media-server.com/register/BI0d946f0340f2498081d26dfdacd11fc1. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN number that can be used to access the call. An investor presentation of financial information will be available by visiting the For Investors section of FSK's website, under Events & Presentations before the market open on Thursday, November 5, 2026. A replay of the call will be available beginning shortly after the end of the call by visiting the For Investors section of FSK's website, under Events & Presentations. About FS KKR Capital Corp. FSK is a leading publicly traded business development company (BDC) focused on providing customized credit solutions to private middle market U.S. companies. FSK seeks to invest primarily in the senior secured debt and, to a lesser extent, subordinated loans and certain asset-based financing loans of private U.S. companies. FSK is advised by FS/KKR Advisor, LLC. For more information, please visit www.fskkrcapitalcorp.com. About FS/KKR Advisor, LLC FS/KKR Advisor, LLC (FS/KKR) is a partnership between Future Standard and KKR Credit that serves as the investment adviser to FSK and other business development companies. Future Standard is a global alternative asset manager serving institutional and private wealth clients, investing across private equity, credit and real estate. With a 30+ year track record of value creation and over $94 billion in assets under management, we back the business owners and financial sponsors that drive growth and innovation across the middle market, transforming untapped potential into durable value.1 KKR Credit is a subsidiary of KKR & Co. Inc., a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at www.globalatlantic.com. Forward-Looking Statements and Important Disclosure Notice This communication contains certain forward-looking statements that are not historical facts, including, without limitation, statements with regard to future events or our future performance or financial condition, distribution levels and frequency, expectations for net investment income levels in future quarters, and the financial position, business strategy and plans and objectives of management for FSK's future operations. Words such as "anticipate," "believe," "expect," "intend," "project," and "future" or similar expressions indicate a forward-looking statement, although not all forward-looking statements include these words. These forward-looking statements are not guarantees of performance or events and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause our actual results or future events to differ materially from those expressed or forecasted in the forward-looking statements for any reason, including those factors set forth in "Item 1A. Risk Factors" in our Annual Report on Form 10-K and subsequent filings. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results or events to differ materially from those projected in these forward-looking statements. Factors that could cause actual results or events to differ materially include, without limitation, changes in the economy, geo-political risks, risks associated with possible disruption in FSK's operations or the economy generally due to terrorism, natural disasters or pandemics, future changes in laws or regulations and conditions in FSK's operating area and the price at which shares of FSK's common stock trade on the New York Stock Exchange. Some of these factors are enumerated in the filings FSK makes with the SEC. The forward-looking statements included in this communication are based on information available as of the date hereof and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Except as required by the federal securities laws, FSK undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on these forward-looking statements. Certain Information About Distributions The determination of the tax attributes of FSK's distributions is made annually as of the end of its fiscal year based upon its taxable income and distributions paid, in each case, for the full year. Therefore, a determination as to the tax attributes of the distributions made on a quarterly basis may not be representative of the actual tax attributes for a full year. FSK intends to update stockholders quarterly with an estimated percentage of its distributions that resulted from taxable ordinary income. The actual tax characteristics of distributions to stockholders will be reported to stockholders annually on Form 1099-DIV. The timing and amount of any future distributions on FSK's shares of common stock are subject to applicable legal restrictions and the sole discretion of its board of directors. There can be no assurance as to the amount or timing of any such future distributions. FSK may fund its distributions to stockholders from any sources of funds legally available to it, including net investment income from operations, capital gains proceeds from the sale of assets, non-capital gains proceeds from the sale of assets, dividends or other distributions paid to it on account of preferred and common equity investments in portfolio companies, proceeds from the sale of shares of FSK's common stock and borrowings. FSK has not established limits on the amount of funds it may use from available sources to make distributions. In addition, portions of our distributions may be funded indirectly through the waiver of certain investment advisory fees by our investment adviser. Any distributions funded through waivers of investment advisory fees will not be based on our investment performance and can only be sustained if we achieve positive investment performance in future periods and/or our investment adviser and its affiliates continue to make such reimbursements or waivers of such fees. There can be no assurance that FSK will be able to pay distributions at a specific rate or at all. Endnotes | 1. | Total AUM estimated as of June 30, 2026. References to "assets under management" or "AUM" represent the assets managed by Future Standard or its strategic partners as to which Future Standard is entitled to receive a fee or carried interest (either currently or upon deployment of capital) and general partner capital. Future Standard calculates the amount of AUM as of any date as the sum of: (i) the fair value of the investments of Future Standard's investment funds; (ii) uncalled investor capital commitments to these funds, including uncalled investor capital commitments from which Future Standard is currently not earning management fees or carried interest; (iii) the value of outstanding CLOs; (iv) the fair value of FS KKR Capital Corp. joint venture (JV) assets and (v) the fair value of other assets managed by Future Standard. Future Standard's calculation of AUM may differ from the calculations of other asset managers and, as a result, Future Standard's measurements of its AUM may not be comparable to similar measures presented by other asset managers. Future Standard's definition of AUM is not based on any definition of AUM that may be set forth in agreements governing the investment funds, vehicles or accounts that it manages and is not calculated pursuant to any regulatory definitions. Contact Information: Investor Relations Anna Kleinhenn [email protected] Future Standard Media Team Marc Hazelton [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/fs-kkr-capital-corp-declares-fourth-quarter-2026-distribution-of-0-44-per-share-declares-special-distribution-of-0-20-per-share-announces-earnings-release-and-conference-call-schedule-for-third-quarter-2026--302902874.html

NEW YORK, September 25, 2026--(BUSINESS WIRE)--KKR today announced income from monetization activity in excess of $750 million with respect to the period from July 1, 2026 through September 25, 2026 based on information currently available. The quarter-to-date monetization activity is made up of approximately 80% realized performance income and approximately 20% realized investment income. The quarter-to-date monetization activity is driven by a combination of public secondary sales and strategic transactions, as well as dividends and interest income. These monetization figures do not reflect the USI transaction. On August 31, 2026, KKR announced the sale of USI Insurance Services to Aon plc for $17 billion in an all-cash transaction, which is expected to close in the fourth quarter of 2026. The sale represents a significant realization for Strategic Holdings, reflecting KKR's direct ownership in the company. Subject to closing, KKR expects to receive after-tax proceeds of approximately $3.3 billion, generating approximately $2.0 billion of Adjusted Net Income ("ANI") and over $2.00 of ANI per share from the transaction. The closing of the USI transaction is subject to closing conditions, and there can be no assurance as to whether or when the transaction will be completed. The monetization estimate disclosed above is not intended to predict or represent total realized performance income, total realized investment income or total revenues for the full quarter ending September 30, 2026, because it does not include the results or impact of any other sources of income, including fee income, or expenses, and we may realize further gains or losses relating to total realized performance income and total realized investment income after the date of this press release. The monetization estimate disclosed above is based on information available to us as of today with respect to the period from July 1, 2026 through September 25, 2026. This estimate is also not necessarily indicative of the results that may be expected for any other period, including the entire year ending December 31, 2026. About KKR KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at www.globalatlantic.com. Forward-Looking Statements This press release may contain forward-looking statements, including estimated operating results from certain monetization activities. Words such as "expect," "estimate," "will," "may" and "believe" or similar expressions may identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those included in these forward-looking statements, and investors should not place undue reliance on such statements. These forward-looking statements speak only as of the date of this press release, and we do not undertake any obligation to update or revise any of the forward-looking statements to reflect future events or circumstances, except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260925242860/en/ Contacts Investor Relations: Craig Larson 1-877-610-4910 (U.S.) / 212-230-9410 [email protected] Media: Kristi Huller 1-212-750-8300 [email protected]

A month has gone by since the last earnings report for Carlyle Group (CG). Shares have lost about 2.3% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Carlyle due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Carlyle Group Inc. before we dive into how investors and analysts have reacted as of late. Carlyle reported second-quarter 2026 post-tax distributable earnings per share of $1.07, surpassing the Zacks Consensus Estimate of 88 cents. The metric also rose from 91 cents in the year-ago quarter. Results benefited from higher realized performance revenues and fee-related performance revenues. A rise in the assets under management balance was another positive. However, higher expenses acted as a spoilsport. Net income attributable to Carlyle was $137.1 million, down from $319.7 million in the year-ago quarter. Second-quarter segmental revenues were $1.11 billion, which surpassed the Zacks Consensus Estimate of $908.8 million. The top line also rose 13% from the year-ago quarter. Total segment fee revenues were $759.3 million, up 12.3% year over year. Fund management fees declined 5% year over year to $560.1 million, while transaction and portfolio advisory fees, net and other, jumped 130.7% to $110.5 million. Fee-related performance revenues surged 129.2% to $88.7 million. Realized performance revenues rose 21.2% from the year-ago quarter to $314.8 million. Total segmental expenses increased 15.7% year over year to $639.9 million. As of June 30, 2026, total AUM was $485.5 billion, up 4% from the prior-year quarter. The fee-earning AUM was $334.4 billion, which rose 3% year over year. Pending fee-earning AUM was $28 billion, up 57%. Global Private Equity’s total AUM was $162.7 billion as of June 30, 2026, down 1.4% year over year. The segment’s fee-related earnings were $133.6 million, down 7%. Distributable earnings were $218.5 million, down 5.8%. Global Credit’s total AUM was $211.1 billion, up 4% year over year. Fee-related earnings were $137.6 million, up 23.5%. Distributable earnings were $158 million, up 30.7%. Carlyle AlpInvest’s total AUM was $111.7 billion, up 15.7% year over year. Fee-related earnings were $86.5 million, up 26.6%. Distributable earnings were $95.8 million, up 22.5%. In the reported quarter, CG repurchased or withheld 6.7 million shares of common stock, including shares withheld in the net share settlement of equity awards, totaling $304 million. As of June 30, 2026, $1.6 billion worth of shares were available under the authorization. The company aims to generate more than $200 billion in inflows from 2026 through 2028, suggesting a rise from the $158 billion registered over 2023-2025. The FRE margin is targeted to exceed 50%, up from 47% in 2025. FRE is expected to reach $1.9 billion or more, and management fees are projected to exceed $2.8 billion. Distributable earnings per share are targeted at $6 or more by 2028, seeing a 14.2% three-year CAGR from the 2025 reported level. It turns out, estimates review have trended downward during the past month. At this time, Carlyle has a poor Growth Score of F, however its Momentum Score is doing a bit better with a D. Following the exact same course, the stock has a grade of D on the value side, putting it in the bottom 40% for this investment strategy. Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Carlyle has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Carlyle belongs to the Zacks Financial - Investment Management industry. Another stock from the same industry, KKR & Co. Inc. (KKR), has gained 6.2% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026. KKR & Co. reported revenues of $1.73 billion in the last reported quarter, representing a year-over-year change of +34.4%. EPS of $1.63 for the same period compares with $1.18 a year ago. For the current quarter, KKR & Co. is expected to post earnings of $1.59 per share, indicating a change of +12.8% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.2% over the last 30 days. KKR & Co. has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of F. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carlyle Group Inc. (CG) : Free Stock Analysis Report KKR & Co. Inc. (KKR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Apollo Global Management, Inc. APO continues to expand its alternative investment platform, supported by strong organic asset under management (AUM) growth. The company’s AUM witnessed a compound annual growth rate (CAGR) of 19.6% from 2022 to 2025, with the growth trend continuing in the first half of 2026. Total AUM reached $1.05 trillion as of June 30, 2026, up 25% year over year, reflecting robust capital formation and continued growth in Asset Management and Retirement Services. AUM Growth Trend Image Source: Apollo Global Management, Inc. Apollo’s ability to consistently attract capital remains a key driver of its AUM expansion. The company generated $298 billion of gross inflows over the last 12 months, including $220 billion from Asset Management and $78 billion from Retirement Services. Strong fundraising across institutional and global wealth channels, along with robust Retirement Services inflows, should continue to support growth across the platform. As of June 30, 2026, fee-generating AUM increased 34% year over year to $858 billion, supporting Apollo's ability to generate recurring fee income. The increase was driven by strong capital formation across institutional and global wealth channels, continued fundraising across credit and equity strategies, and growth in Retirement Services. Strategic acquisitions further strengthened Apollo’s long-term AUM growth prospects. In February 2026, Apollo entered into a strategic partnership with Schroders to develop next-generation wealth and retirement investment solutions for institutional and wealth clients across the U.K. and the U.S., creating opportunities to expand client reach and attract incremental assets. In September 2025, Apollo acquired Bridge Investment Group Holdings Inc. to broaden its real estate investment capabilities and enhance its ability to attract and retain institutional and wealth-management capital, supporting sustained AUM growth over the long haul. Though recent private-market concerns, including valuation opacity, liquidity constraints, and slower exit activity, could weigh on investor sentiment and near-term AUM growth, Apollo’s strong capital formation and expanding capabilities should support long-term AUM expansion. Continued growth in fee-generating and perpetual capital AUM should strengthen recurring fee income and enhance earnings stability. Further, management’s plans to scale its private equity business could help total AUM approach $1.5 trillion by 2029, making sustained AUM growth a key driver of Apollo’s earnings trajectory. For 2026 and 2027, APO’s earnings are projected to rise 5.13% and 22.22%, respectively. Earnings Estimate Image Source: Zacks Investment Research Ameriprise Financial AMP has been witnessing solid growth in its AUM/assets under administration (AUA) balance. Over the five years (2020-2025), total AUM/AUA recorded a CAGR of 9%, supported by strong advisor recruitment, record advisor productivity, rising adoption of fee-based solutions and favorable asset flows. The momentum continued in the first half of 2026, with AUM/AUA reaching a record $1.81 trillion as of June 30, 2026. Ameriprise’s robust AUM/AUA base supports long-term earnings growth by expanding its pool of fee-generating client assets across its diversified wealth management and asset management businesses. Similarly, KKR & Co. KKR has been witnessing strong growth in its AUM balance, driven primarily by robust fundraising and the continued expansion of its investment platform. Over the five years (2020-2025), total AUM recorded a CAGR of 24.2%, with the growth momentum continuing in the first half of 2026. As of June 30, 2026, total AUM was $796.5 billion, while fee-paying AUM reached $638.4 billion. KKR’s expanding AUM and fee-paying AUM base supports long-term earnings growth by increasing the pool of capital that generates recurring management fees across its private equity, credit, real assets and other investment strategies. The company’s shares have gained 22.9% in the past six months compared with the industry’s 13.2% rise. Price Performance Image Source: Zacks Investment Research Currently, APO carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apollo Global Management Inc. (APO) : Free Stock Analysis Report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report KKR & Co. Inc. (KKR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Nvidia NVDA) stock has surged more than 7% on Thursday after the AI chip giant delivered another blockbuster quarterly report yesterday evening and, more importantly, gave Wall Street considerably more confidence that its extraordinary growth can extend well into next year. Ahead of the report, several key questions surrounded Nvidia's Q2 results: whether its Vera Rubin platform was ramping on schedule, if gross margins could remain near 75%, and how much of the massive AI infrastructure buildout Nvidia would ultimately have to finance itself. The answers were mostly encouraging, although investors still have a few risks to weigh before chasing today's rally. Image Source: Zacks Investment Research Nvidia posted Q2 revenue for its current fiscal 2027 of $96.22 billion, soaring 106% from $46.74 billion in the prior year quarter and comfortably topping estimates of $91.79 billion. Adjusted net income came in at $53.95 billion, or earnings of $2.22 per share, up 120% year over year and beating Q2 EPS expectations of $2.09 by 6%. Data Center sales were the standout once again, jumping 117% to a record $89 billion. Image Source: Zacks Investment Research Even more impressive was Nvidia’s outlook. The chip giant expects Q3 revenue of $108 billion, plus or minus 2%, with no Data Center compute sales from China included in that forecast. Management also offered a preliminary expectation for roughly 70% revenue growth in fiscal 2028, despite anticipating that supply will remain constrained through the end of that reporting year. That longer-term outlook arguably provided the biggest catalyst for today's rally, as Wall Street had been bracing for a much steeper slowdown in Nvidia's growth rate. To that point, its Q3 revenue forecast came in above analyst consensus estimates of $102 billion (Current Qtr below), while the FY28 preliminary revenue forecast is well ahead of Zacks current projections of $553.24 billion or 42% growth. Image Source: Zacks Investment Research The Vera Rubin ramp also provided the confirmation investors were looking for. Production shipments began earlier this month, and Nvidia says it has already received purchase orders from every major hyperscaler, AI cloud provider, and system original equipment manufacturer (OEM). Management expects Vera Rubin to account for roughly 20% of Data Center revenue in Q3 and believes it could become the fastest product ramp in Nvidia's history. This suggests Nvidia is transitioning from its Blackwell platform to its next-generation AI architecture without the growth pause investors might normally expect during a major product cycle. Profitability remains exceptional, but this was one area where the report was less reassuring. Nvidia maintained a 75% gross margin in Q2, but management expects it to slip to roughly 74% in Q3 and bottom between 71% and 72% in Q4 as surging memory prices increase system costs. Nvidia expects margins to settle around 72%-73% in FY28, with planned price increases beginning to provide some relief early next year. Considering Nvidia's staggering revenue growth, these margins remain enviable. Still, investors should no longer assume that mid-70% gross margins are guaranteed as increasingly complex AI systems push component costs higher. Over the trailing twelve months (TTM), Nvidia’s 74% gross margin has impressively outpaced the S&P 500’s 53% average and has topped its Zacks Semiconductor-General Industry average of 72% Image Source: Zacks Investment Research Nvidia's balance sheet remains formidable. The company finished Q2 with roughly $99 billion in cash and marketable debt and equity securities, while generating $24.1 billion in operating cash flow during the quarter. However, Nvidia is deploying significant amounts of capital across its ecosystem. Non-marketable securities rose to more than $51 billion from $22 billion at the beginning of the fiscal year, while the company purchased $15.8 billion of equity securities during Q2 alone. Its supply and capacity commitments also surged from $119 billion last quarter to roughly $279 billion as Nvidia locks down memory and manufacturing capacity for future demand. That said, Nvidia appears to be finding ways to bring much deeper pockets into the AI buildout. Its partnerships with major investment firms Apollo Global Management APO), BlackRock BLK), Blackstone BX), Brookfield Asset Management BAM), Goldman Sachs GS) and KKR KKR) are intended to mobilize more than $500 billion of third-party capital for AI infrastructure, creating independent pools of financing for Nvidia customers. That could gradually shift more of the burden away from Nvidia's own balance sheet, although investors should continue monitoring its guarantees, strategic investments, and other commitments as the AI spending boom grows larger. Despite today's rally, Nvidia stock is still trading at just under 24X forward earnings following its impressive Q2 EPS beat. Furthermore, upward earnings estimate revisions after such a strong report and outlook could quickly make Nvidia’s valuation even more appealing. Notably, NVDA is trading near its decade-low forward P/E of 20X and at a nearly 50% discount to its 10-year median of 45X. Image Source: Zacks Investment Research And if you're wondering, NVDA’s return over the last decade is near a staggering 14,500% Image Source: Zacks Investment Research There is considerably more to like about Nvidia following Q2 earnings. The company crushed expectations, issued strong Q3 guidance, provided surprisingly bullish FY28 commentary, and offered concrete evidence that Vera Rubin is already becoming its next major revenue engine. Margin pressure and Nvidia's enormous financial commitments prevent the story from being completely risk-free, and investors don't necessarily have to chase a 7% one-day spike. Still, the rally appears fundamentally supported rather than simply driven by post-earnings enthusiasm. Most importantly, NVDA now sports a Zacks Rank #2 (Buy), reflecting a favorable earnings-estimate revision outlook. For long-term investors, Nvidia's valuation still looks surprisingly reasonable relative to its growth trajectory, making pullbacks particularly attractive and today's post-earnings rally difficult to bet against. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report Blackstone Inc. (BX) : Free Stock Analysis Report BlackRock (BLK) : Free Stock Analysis Report KKR & Co. Inc. (KKR) : Free Stock Analysis Report Brookfield Asset Management Ltd. (BAM) : Free Stock Analysis Report Apollo Global Management Inc. (APO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research