Apollo Global Management, Inc. (NYSE: APO) bounced back to a more profitable status in the second quarter after reporting a net income of $446.3 million or $1.84 per share. This is up from $164.8 million, or ¢75 cents per share, for the same period in 2019. The financial results for the second quarter ended June 30, 2020, and were reviewed by members of Apollo’s senior management team during a conference call.
Apollo is a global alternative investment manager with offices around the world, including New York, Los Angeles, San Diego, London, and Hong Kong. The firm has assets under management (AUM) of roughly $414 billion as of June 30, 2020 in credit acquisitions, private equity, and real assets funds. This is up from $311.9 million in the second quarter of 2019.