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Brookfield Asset Management Ltd. Class A ( (TSE:BAM) ) has issued an announcement.
Brookfield Asset Management Ltd. announced record third-quarter results, with capital raising reaching $30 billion and deployments totaling $23 billion. The company also reported record fee-related earnings, up 19% over the last twelve months, and distributable earnings increased by 12% year-over-year. The acquisition of the remaining interest in Oaktree is expected to enhance collaboration and efficiency across Brookfield’s businesses. The company continues to see favorable market conditions for transactions and anticipates further fundraising momentum with new fund launches.
The most recent analyst rating on (TSE:BAM) stock is a Buy with a C$75.00 price target. To see the full list of analyst forecasts on Brookfield Asset Management Ltd. Class A stock, see the TSE:BAM Stock Forecast page.
Spark’s Take on TSE:BAM Stock
According to Spark, TipRanks’ AI Analyst, TSE:BAM is a Neutral.
Brookfield Asset Management Ltd. Class A has a strong financial foundation with robust earnings and strategic growth initiatives, as highlighted in the earnings call. However, technical indicators suggest a bearish trend, and the high P/E ratio raises valuation concerns. The company’s strong liquidity and strategic investments position it well for future growth, but investors should be cautious of potential profit volatility and market conditions.
To see Spark’s full report on TSE:BAM stock, click here.
More about Brookfield Asset Management Ltd. Class A
Brookfield Asset Management Ltd. is a leading global alternative asset manager headquartered in New York, managing over $1 trillion in assets. The company focuses on a broad range of strategies including infrastructure, transition, and credit businesses, with a strong emphasis on clean energy transition and real estate.
Average Trading Volume: 1,482,041
Technical Sentiment Signal: Buy
Current Market Cap: C$122.9B
See more data about BAM stock on TipRanks’ Stock Analysis page.