Brookfield Asset Management reports Q3 EPS 41c, consensus 40c

Reports Q3 revenue $1.25B, consensus $1.34B. Connor Teskey, President of Brookfield Asset Management (BAM), stated, “We delivered strong results this quarter, highlighted by records in both capital raising of $30 billion and deployment of $23 billion, driving earnings to an all-time high for our business. We also realized record monetizations of $15 billion, underscoring the strength of our platform across a broad range of strategies.” He continued, “In October, we announced an agreement to acquire the remaining interest in Oaktree. Over the past six years, this partnership has exceeded all expectations, and full ownership will allow us to work together more closely-deepening collaboration across our businesses, driving greater efficiency, and enhancing the value we deliver to our clients and shareholders.”