Brookfield Asset Management Reports Q3 Earnings Beat Driven by Fundraising Growth
Brookfield Asset Management (BAM) reported third-quarter distributable earnings per share of $0.47, surpassing analyst expectations of $0.46. This growth represents a sequential increase from $0.44 in the second quarter and an improvement over the $0.41 reported in the same period last year. The positive results were primarily driven by robust fundraising activity and significant growth in fee-bearing capital, which bolstered the company's fee-related earnings. Following the announcement, BAM shares saw a 1.2% increase in premarket trading.
Tickers: $BAM
Topics: distributable EPS earnings beat fee-related earnings