Brookfield Asset Management Announces Record Third Quarter Results
Brookfield Asset Management Inc Class A Limited Voting Shares (BAM)
US:NYSE Investor Relations:
bam.brookfield.com/en
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Source: GlobeNewswire
Fee-Related Earnings up 14% Year-Over-Year to $644 Million $135 Billion of Capital Raised Over LTM, Growing Fee-Bearing Capital 23% to $539 Billion Brookfield Takes Initial Steps to Enhance Shareholder Ownership and Index Inclusion NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) today announced financial results for the quarter ended September 30, 2024. Connor Teskey, President of Brookfield Asset Management, stated, “We delivered record results in the third quarter, driven by the substantial increase in fee-bearing capital due to strong fundraising, deployment and additional strategic partnerships over the past year. This resulted in 14% year-over-year growth in fee-related earnings, while fee-bearing capital increased by 23% to $539 billion.” He continued, “This past quarter, we continued to extend our leadership position in our key strategic sectors of energy transition, AI infrastructure, and private credit. We are well po
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- Brookfield Asset Management Ltd. (NYSE: BAM) had its price target raised by analysts at Scotiabank from $55.50 to $59.50. They now have a "sector outperform" rating on the stock.MarketBeat
- Brookfield Asset Management Ltd. (NYSE: BAM) had its price target raised by analysts at TD Securities from $61.00 to $64.00. They now have a "buy" rating on the stock.MarketBeat
- Brookfield Asset Management Ltd. (NYSE: BAM) had its price target raised by analysts at BMO Capital Markets from $40.00 to $50.00. They now have a "market perform" rating on the stock.MarketBeat
- Brookfield Asset Management Ltd. (NYSE: BAM) had its price target raised by analysts at Royal Bank of Canada from $55.00 to $68.00. They now have an "outperform" rating on the stock.MarketBeat
- Brookfield Asset Management Ltd. (NYSE: BAM) had its price target raised by analysts at Keefe, Bruyette & Woods from $44.00 to $49.00. They now have an "underperform" rating on the stock.MarketBeat