The Latest Breaking News from Apollo Global Management

Despite underperforming the broader market over the past year, Apollo Global Management continues to command strong confidence from Wall Street, with analysts largely optimistic about its long-term growth trajectory and earnings potential.

Although Apollo Global Management stock has underperformed other financial services stocks over the past year, analysts remain bullish about its prospects.

Papa John’s International Inc (NASDAQ:PZZA) shares are rising in extended trading on Tuesday following reports that Apollo Global Management has submitted a new takeover bid.

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

“The consensus has been wrong since January,” Apollo Global Management chief economist Torsten Sløk wrote on Wednesday.

Since Apollo Global Management has slightly outpaced the financial services sector over the past year, Wall Street analysts maintain a bullish outlook on its prospects.

“The risks are rising that we could see another ‘inflation mountain’ emerge over the coming months,” Apollo Global’s chief economist said.

Air Lease Corp. (NYSE:AL) shares climbed after the aircraft lessor said it will be acquired by a newly formed Dublin-based holding company backed by Sumitomo Corp. (OTC:SSUMY), SMBC Aviation Capital Ltd., and investment funds tied to Apollo Global Management (NYSE:APO) and Brookfield (NYSE:BN).

If inflation starts climbing again after a rate cut, “the Fed will have to reverse course—and in the worst case, start hiking again,” Slok said.