Blackstone Group Keeps Rising Ahead of Earnings

The Blackstone Group (NYSE: BX) had another monster day on the Big Board, with its stock rising 15.7% to $14.96 per share. That represents a 32.86% jump from where Blackstone shares closed just last Friday, and more than a 75% bump from some mid-day trading on July 8.

Really not quite sure what to make of all this, except that the markets apparently expect big things when Blackstone releases its Q2 earnings tomorrow morning (and yes, I still smell a leak). First Call shows estimated earnings of $0.09 per share, compared to -$0.07 per share last quarter (which actually beat estimates by two cents).

We’ll live-blog the media call at 9:30am tomorrow, and then also sit in on the analyst call later in the morning…