Brookfield Corp. Reports Q3 Earnings Growth Driven by Asset and Wealth Management
Brookfield Corp. (BN) reported an increase in third-quarter earnings and revenue, supported by strong cash flows across its operating businesses. A significant driver of this performance was the asset management division, which saw a 13% rise in fee-bearing capital, leading to a 15% year-over-year increase in fee-related earnings. The company's wealth management segment also showed robust momentum, with earnings advancing 22% year-over-year. These results reflect the firm's ability to scale its capital management services and maintain healthy liquidity through its diverse business segments.
Tickers: $BN
Topics: earnings report fee-related earnings revenue growth wealth management