Financial Sector Declines, Apollo and KKR Show Significant Losses
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Source: NASDAQ.COM
- Financial Sector Decline: As of midday Friday, the financial sector is the worst performer, showing a 1.7% loss, with Apollo Global Management and KKR down 8.4% and 7.2%, respectively, indicating overall weakness in the sector.
- ETF Underperformance: The Financial Select Sector SPDR ETF (XLF), which tracks the sector, is down 2.3% on the day and 6.38% year-to-date, reflecting a lack of investor confidence in financial stocks.
- Year-to-Date Performance: Apollo Global Management is down 27.22% year-to-date, while KKR has lost 31.73%, with both stocks making up approximately 1.5% of XLF's underlying holdings, highlighting their negative impact on ETF performance.
- Technology & Communications Sector: The technology and communications sector is also underperforming, down 0.6%, with Teradyne and Robinhood showing losses of 5.7% and 5.2%, respectively, indicating cautious sentiment towards tech stocks.
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Analyst Views on APO
Wall Street analysts forecast APO stock price to rise
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 104.600
Low
136.00
Averages
164.45
High
182.00
Current: 104.600
Low
136.00
Averages
164.45
High
182.00
About APO
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates through three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Oil Price Volatility: During Monday's session, West Texas Intermediate crude surged over 12.4% at its peak, settling at $71.23 per barrel, although it could not maintain those highs, highlighting the market's sensitivity to oil price movements.
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See More
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- False Statement Allegations: The lawsuit alleges that Apollo's leadership frequently communicated with Jeffrey Epstein in the 2010s, contradicting the company's claims of no business dealings with him, which could severely damage the company's reputation.
- Investor Losses: As the true details emerge, investors may suffer losses, emphasizing the company's lack of transparency and compliance, which could undermine future investor confidence.
- Legal Procedure Details: The class action has not yet been certified, and investors must apply to be lead plaintiffs by May 1, 2026, indicating the complexity of legal proceedings and the need for investor rights protection.
See More
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- Market Resilience: Despite the geopolitical tensions following the U.S. and Israel's attacks on Iran, the S&P 500 managed to close slightly higher on Monday, indicating a relatively muted market response to the conflict and reflecting investor optimism about economic prospects.
- Impact of Energy Independence: Jim Cramer noted that U.S. energy independence has altered how investors react to geopolitical shocks, as the abundance of domestic oil production diminishes the impact of global oil price fluctuations on the U.S. economy.
- Oil Price Volatility: During Monday's session, West Texas Intermediate crude surged over 12.4% at its peak, settling at $71.23 per barrel, although it could not maintain those highs, highlighting the market's sensitivity to oil price movements.
- Market Sentiment: Investors appeared unfazed by the steep declines in private equity firms like KKR, Blackstone, and Apollo, despite concerns in the software sector, suggesting a calm market attitude towards geopolitical turmoil and indicating that economic panic is not necessarily a consequence of such events.
See More
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- Class Action Initiation: Rosen Law Firm has filed a class action lawsuit on behalf of investors who purchased Apollo Global Management (NYSE:APO) securities between May 10, 2021, and February 21, 2026, aiming to seek compensation for affected investors, highlighting serious concerns over the company's reputation.
- Lawsuit Background: The lawsuit alleges that Apollo Global's leadership frequently communicated with Jeffrey Epstein during the 2010s, leading to false claims about not having business dealings with him, which potentially caused financial harm to investors.
- Investor Rights Protection: Investors participating in the class action can obtain compensation without any out-of-pocket costs through a contingency fee arrangement, demonstrating the firm's commitment to safeguarding investor rights.
- Law Firm Reputation: Rosen Law Firm recovered over $438 million for investors in 2019 and was ranked as a leader in securities class actions and shareholder derivative litigation in 2017, showcasing its strong capabilities and successful track record in the legal field.
See More
Faruqi & Faruqi Investigates Apollo Securities Fraud Claims
- Legal Investigation Launched: Faruq & Faruq LLP is investigating Apollo Global Management for potential violations of federal securities laws due to undisclosed communications between its executives and Jeffrey Epstein, with investors able to apply to be lead plaintiffs in a class action by May 1, 2026.
- Stock Price Impact: Following a Financial Times report on February 1, 2026, Apollo's stock fell 5.7% over the next two trading days, closing at $126.85, indicating market concerns over the company's damaged reputation.
- New Information Disclosure: On February 21, 2026, CNN reported on Apollo's weak response to a teacher's union letter, questioning why meetings with Epstein were not disclosed, leading to a further 5% drop in stock price to $113.73.
- Investor Rights Protection: Faruq & Faruq LLP encourages all individuals with information regarding Apollo's conduct, including whistleblowers and former employees, to contact the firm directly to ensure investor rights are adequately protected.
See More
Apollo Global Management Faces Class Action Over Epstein Ties
- Lawsuit Background: Robbins LLP has filed a class action against Apollo Global Management, alleging that the company failed to disclose its ties with Jeffrey Epstein from May 2021 to February 2026, exposing investors to potential losses.
- Leadership Communication: The complaint reveals that executives Rowan and Black frequently communicated with Epstein in the 2010s, contradicting the company's claims of no business dealings with him, thereby damaging its reputation.
- Stock Price Volatility: Following related news, Apollo's stock price fell by $1.35 to $133.19 on February 2, 2026, and dropped another $6.34 on February 3, indicating market concerns over the company's reputation.
- Subsequent Impact: After CNN reported on February 21, 2026, regarding Apollo's connections to Epstein, the stock dropped by $5.99 to close at $113.73, reflecting a decline in investor confidence regarding corporate governance and transparency.
See More
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- Class Action Initiated: Rosen Law Firm has filed a class action lawsuit on behalf of Apollo Global Management securities purchasers from May 10, 2021, to February 21, 2026, aiming to recover damages under federal securities laws, highlighting potential legal risks for the company.
- False Statement Allegations: The lawsuit alleges that Apollo's leadership frequently communicated with Jeffrey Epstein in the 2010s, contradicting the company's claims of no business dealings with him, which could severely damage the company's reputation.
- Investor Losses: As the true details emerge, investors may suffer losses, emphasizing the company's lack of transparency and compliance, which could undermine future investor confidence.
- Legal Procedure Details: The class action has not yet been certified, and investors must apply to be lead plaintiffs by May 1, 2026, indicating the complexity of legal proceedings and the need for investor rights protection.
See More
Global Market Turmoil and Oil Price Surge
- Market Reaction: Dow futures are down about 500 points and Brent crude oil prices have surged over 8% following the U.S.-Israeli attack on Iran, indicating limited market tolerance for a short war, while a prolonged conflict could lead to soaring oil prices and broader economic impacts.
- Iran Situation: The assassination of Iran's Supreme Leader Ayatollah Khamenei has led to a negative market response, with concerns that the Islamic Revolutionary Guard will remain in power, suggesting that international conflict may not ease, thereby increasing market uncertainty.
- Energy Stock Dynamics: Citigroup raised price targets for several energy companies, including Chevron and Exxon, reflecting market fears of supply disruptions as tankers are rerouted to avoid the Strait of Hormuz, which could lead to sustained supply issues.
- Tech Stock Outlook: Nvidia plans to unveil a new inference processor aimed at enhancing AI system efficiency, and despite concerns over AI disruption, analysts remain bullish on its semiconductor performance, with Morgan Stanley again naming it a top pick, replacing Micron.
See More
