Brookfield Asset Management Inc. (BAM)
| Market Cap | 14.92B |
| Revenue (ttm) | 3.89B |
| Net Income (ttm) | 1.76B |
| Shares Out | 390.00M |
| EPS (ttm) | 1.07 |
| PE Ratio | 35.75 |
| Forward PE | 24.62 |
| Dividend | $1.52 (3.97%) |
| Ex-Dividend Date | May 31, 2024 |
| Volume | 862,485 |
| Open | 37.40 |
| Previous Close | 37.50 |
| Day's Range | 37.40 - 38.32 |
| 52-Week Range | 28.35 - 43.00 |
| Beta | 1.42 |
| Analysts | Buy |
| Price Target | 42.50 (+11.11%) |
| Earnings Date | Aug 7, 2024 |
About BAM
Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors. In addition, its private equity business offers industrial, infrastructure, and business services sectors; and real estate business, which includes hous... [Read more]
Financial Performance
In 2023, BAM's revenue was $4.06 billion, an increase of 11.99% compared to the previous year's $3.63 billion. Earnings were $1.84 billion, a decrease of -3.97%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for BAM stock is "Buy." The 12-month stock price forecast is $42.5, which is an increase of 11.11% from the latest price.
News
Brookfield Opens Fundraising for Catalytic Transition Fund with Anchor Commitment from ALTÉRRA Targeted to Raise up to $5 billion to Scale Up Climate Finance in Emerging Markets
First dedicated fund introduced for transition investing in emerging markets $1 billion committed by UAE-backed ALTÉRRA CTF first close expected by the end of 2024 BROOKFIELD, NEWS, June 13, 2024 (GLO...
Brookfield Asset Management Announces Results of Annual Meeting of Shareholders
BROOKFIELD, NEWS, June 07, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) today announced that all six nominees proposed for election to the board of directors by hold...
Brookfield leading talks to buy renewable energy provider for $6.5 billion
Canadian alternative-investment giant Brookfield said it's leading talks to buy a majority stake, and then buy out, French renewable energy provider Neoen.
Brookfield Asset Management Announces Strong First Quarter Results
Insurance Flows and Castlelake Add $75 Billion of AUM Since Quarter End $106 Billion of Dry Powder Available to Invest BROOKFIELD, NEWS, May 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Lt...
Scout Clean Energy Closes $100 Million Equipment Supply Loan
Facility supports construction of multiple projects in the pipeline BOULDER, Colo. , May 6, 2024 /PRNewswire/ -- Scout Clean Energy, a Colorado-based renewable energy developer, owner, and operator, i...
Brookfield Asset (BAM) stock price analysis and earnings preview
Brookfield Asset Management (NYSE: BAM) stock price has pulled back after soaring to a record high in March as investors waited for the upcoming earnings. After peaking at $42.97 in March, it has retr...
SVB Financial Group Enters into Definitive Agreement for the Sale of SVB Capital
Pinegrove Affiliate to Acquire SVB Capital SVB Capital and Pinegrove to Operate Independently with Common Sponsorship and Shared Mission to Serve the Venture Ecosystem SAN FRANCISCO , May 2, 2024 /PRN...
Microsoft signs deal to invest more than $10 billion on renewable energy capacity to power data centers
Microsoft and Brookfield Asset Management will develop 10.5 gigawatts of renewable energy, in a deal they describe as the largest of its kind.
Microsoft signs renewable energy deal with Brookfield, 10.5 gigawatts capacity to likely cost $10 B
On Wednesday, tech giant Microsoft and Brookfield Asset Management of Canada announced plans to develop new solar and wind farms to bring over 10.5 gigawatts of new renewable energy capacity. This dea...
Brookfield and Microsoft Collaborating to Deliver Over 10.5 GW of New Renewable Power Capacity Globally
TORONTO and REDMOND, Wash., May 01, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE: BAM; TSX: BAM), together with Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) (“Brookfield”) a...
Microsoft to power data centers with Brookfield renewables deal, FT says
Canada's Brookfield Asset Management is set to develop new wind and solar farms with backing from tech giant Microsoft in an attempt to bring 10.5 gigawatts of generating capacity online, the Financia...
Scout Clean Energy Announces 12-Year Virtual Power Purchase Agreement with Zoetis Inc.
BOULDER, Colo. , April 18, 2024 /PRNewswire/ -- Scout Clean Energy (Scout), a Colorado-based renewable energy developer-owner-operator, is pleased to announce they have signed a Virtual Power Purchase...
Brookfield Asset Management Ltd. Sets First Quarter 2024 Results Conference Call
BROOKFIELD, NEWS, April 12, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is set to publish its financial results for the first quarter 2024 on May 8, 2024, prior to ...
Brookfield Announces a Strategic Partnership with Soundcore Capital Partners and Heartland Paving Partners
NEW YORK , April 4, 2024 /PRNewswire/ -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM), through its private equity sponsor solutions business, Brookfield Sponsor Solutions, today announced a ...
Brookfield Asset Management Completes Annual Filings and Announces Management Changes
BROOKFIELD, NEWS, March 19, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) announced that it has filed its 2023 annual materials on Form 40-F, including its audited f...
Here's why private equity stocks like APO, BAM, Ares, OWL have soared
Wall Street has been amazed by the recent surge in technology stocks like Nvidia and Super Micro Computer. All these stocks have surged to a record high because of the ongoing demand for artificial in...
Brookfield CEO on Creating a Strategy for Financial Infrastructure
Brookfield plans to start a pool that invests in financial infrastructure, such as payments systems, as demand for the asset class grows. "We're creating a strategy for financial infrastructure becaus...
Brookfield Asset Management (BAM) stock is nearing ATH: is it a buy?
Private equity companies are doing well, with some of them trading at a record high. Brookfield Asset Management (BAM) stock price was trading at $41 on Friday, a few points below its all-time high of...
Brookfield Asset Management Announces Strong Fourth Quarter Results and 19% Dividend Increase
$93 Billion of Capital Inflows, Prior to AEL Transaction $107 Billion of Dry Powder Available to Deploy BROOKFIELD, NEWS, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM,...
Brookfield Announces $10 Billion First Closing for Second Brookfield Global Transition Fund
World's largest private fund dedicated to investing in the net zero economy On track to exceed previous transition fund size BROOKFIELD, NEWS, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Manage...
Scout Signs Virtual Power Purchase Agreement with AdventHealth for Texas Wind Farm
Agreement expected to support 40 percent of AdventHealth's electricity needs BOULDER, Colo. , Feb. 1, 2024 /PRNewswire/ -- Scout Clean Energy (Scout), a Colorado based renewable energy developer-owner...
Brookfield Asset Management Ltd. Sets Fourth Quarter 2023 Results Conference Call
BROOKFIELD, NEWS, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is set to publish its financial results for the fourth quarter 2023 on Wednesday, February 7,...
New INVL Asset Management fund will invest in funds managed by Brookfield Asset Management, one of the world's largest real estate management companies
INVL Asset Management, the leading Baltic alternative asset manager, has established a new fund of funds intended for informed investors which will invest in funds of Brookfield Asset Management. Thes...
Brookfield Asset Management Announces Renewal of Normal Course Issuer Bid
BROOKFIELD, NEWS, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) (“Brookfield Asset Management”) today announced it has received approval from the Toronto Sto...
American Tower Completes Strategic Review, Announces Agreement to Sell Operations in India to Brookfield
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) (“American Tower”) has signed a definitive agreement with Data Infrastructure Trust (“DIT”), an Infrastructure Investment Trust sponsore...