Brookfield Corp. Profit Climbs as Wealth Unit Boosts Results [BNN Bloomberg (Canada)]
Brookfield Corporation Class A Limited Voting Shares (BN)
Company Research
Source: BNN Bloomberg
The Toronto-based investment firm, which owns a majority stake in Brookfield Asset Management, reported distributable earnings of $1.26 billion, or 80 cents a share, excluding gains on asset sales. That rose 19% over the same period a year ago. The increase came as profits from Brookfield's wealth division doubled during the quarter. On Thursday, a subsidiary of the wealth unit agreed to reinsure $1.4 billion of UK pension liabilities, marking the firm's first transaction outside of North America. “We continue to capture an increasing share of global flows of capital, centered around our deep relationships with institutional, private wealth and retail investors,” Chief Executive Officer Bruce Flatt said in a letter to shareholders. In late 2022, Brookfield Corp. reorganized, spinning off the asset management unit to appeal to investors who wanted a play on the company's growth without being as exposed to its direct holdings, which include one of the world's largest portfolios o
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News
- BROOKFIELD RESIDENTIAL HAS ACQUIRED AN OWNERSHIP POSITION IN KOLTER LAND TO EXPAND RESIDENTIAL LAND DEVELOPMENT IN SOUTHEAST U.S.PR Newswire
- Brookfield Corporation Receives Exemptive Relief from the Ontario Securities Commission [Canadian Business Journal (Canada)]Canadian Business Journal
- Brookfield Corporation Receives Exemptive Relief from the Ontario Securities Commission [Yahoo! Finance]Yahoo! Finance
- Brookfield Corporation Receives Exemptive Relief from the Ontario Securities CommissionGlobeNewswire
- Best Momentum Stocks to Buy for November 20th [Yahoo! Finance]Yahoo! Finance
BN
Earnings
- 11/14/24 - Miss
BN
Sec Filings
- 11/20/24 - Form 6-K
- 11/15/24 - Form 13F-HR
- 11/14/24 - Form 6-K
- BN's page on the SEC website