By Amira McKee
Shares of GCM Grosvenor jumped after the company logged adjusted earnings and revenue that exceeded Wall Street's expectations.
The stock climbed 14% to $11.29 in midday Tuesday trading. The shares have retreated 20% in the past year.
The investment management company posted fourth-quarter net income of $19 million, or 18 cents a share, up from $7.62 million, or 9 cents a share, in the same quarter a year earlier.
Adjusted earnings were 31 cents a share, beating the 24 cents per share that Wall Street was expecting, according to FactSet.
Revenue rose to $177.1 million, ahead of the $160.1 million analysts polled by FactSet had forecast.
Write to Amira McKee at amira.mckee@wsj.com
(END) Dow Jones Newswires
February 10, 2026 13:34 ET (18:34 GMT)
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