BAM Stock Recent News

Additional capital raised from CDPQ, GIC, Prudential and Temasek, among others Targeting up to $5 billion, anchored by $1 billion catalytic capital investment by ALTÉRRA BROOKFIELD, NEWS, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE: BAM, TSX: BAM) (“Brookfield”) today announced an initial closing of $2.4 billion for the Catalytic Transition Fund (“CTF” or “the Fund”), marking a significant milestone towards the target of raising up to $5 billion for deployment towards clean energy and transition assets in emerging markets.

MELBOURNE, Australia--(BUSINESS WIRE)---- $WTM--BAM Mutual, the only mutual bond insurer focused on reducing the cost of debt sold for essential infrastructure, is opening a Melbourne office and will begin insuring bonds and loans sold to finance projects in Australia and New Zealand. BAM's focus will include electricity transmission and distribution networks that support the energy transition, social infrastructure, and transportation facilities. “BAM Mutual's mission is to make infrastructure more aff.

Brookfield Asset Management acquires 51% interest in Castlelake and Brookfield Wealth Solutions commits to invest in the firm's funds and strategies, total capital amounting to $1.5B NEW YORK and MINNEAPOLIS , Sept. 17, 2024 /PRNewswire/ -- Brookfield Asset Management (NYSE: BAM, TSX: BAM) ("Brookfield") and Castlelake L.P.

A prominent billionaire recently warned of the plausibility of the worst-case scenario for the U.S. economy playing out. We discuss why we think there is a reasonable chance of this happening as well. We share some of our top picks that, we think, will likely weather this scenario quite well.

I discuss which areas of the market are most opportunistic for generating high yield income right now. I share some of my top picks within those sectors. I also share how I would deploy $100,000 of new money across those opportunities in September 2024.

Since my prior article, I have added to Brookfield Asset Management twice. The company raised $68 billion in capital during the quarter. BAM enjoys an A- credit rating on a stable outlook from S&P.

Utilities have underperformed the broader market since the beginning of 2023 due to a plethora of factors. However, that has begun to reverse and there are several reasons to believe this market reversal will continue. We share several attractive ways to gain exposure to this trend.

Some stocks offer attractive yield, some hyper-growth, and a handful offer both. Brookfield Asset Management is the world's second-largest alternative asset manager and the global leader in infrastructure. Management is guiding for 15% to 20% growth, which, combined with a low-risk 4% yield, creates some of the highest return potential among high-yield stocks.

Brookfield Asset Management Ltd. (NYSE:BAM ) Q2 2024 Earnings Conference Call August 7, 2024 11:00 AM ET Company Participants Jason Fooks - Managing Director of Investor Relations Bruce Flatt - Chief Executive Officer Connor Teskey - President Hadley Peer Marshall - Chief Financial Officer Conference Call Participants Cherilyn Radbourne - TD Cowen Alexander Blostein - Goldman Sachs Group, Inc. Craig Siegenthaler - Bank of America Merrill Lynch Brian Bedell - Deutsche Bank Kenneth Worthington - JPMorgan Chase & Co. Daniel Fannon - Jefferies LLC Geoffrey Kwan - RBC Capital Markets Nik Priebe - CIBC Capital Markets Mario Saric - Scotiabank Operator Hello, and welcome to Brookfield Asset Management's Second Quarter 2024 Conference Call and Webcast.

Brookfield Asset Management (BAM) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.28 per share a year ago.