Brookfield Asset Management .(BAM)
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Brookfield Asset Management (BAM) is a Great Momentum Stock: Should You Buy?
ZACKS· 2024-12-13 18:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...
Brookfield (BAM) Upgraded to Strong Buy: Here's Why
ZACKS· 2024-12-13 18:01
Investors might want to bet on Brookfield Asset Management (BAM) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked ...
Best Income Stocks to Buy for December 13th
ZACKS· 2024-12-13 09:01
Here are three stocks with buy rank and strong income characteristics for investors to consider today, December 13:West Bancorporation, Inc. (WTBA) : This financial holding company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.7% the last 60 days.This Zacks Rank #1 company has a dividend yield of 4.2%, compared with the industry average of 2.9%.Pitney Bowes Inc. (PBI) : This shipping and mailing company has witnessed the Zacks Consensus Estimate for its current year e ...
Brookfield Asset Management Ltd. (BAM) Goldman Sachs 2024 U.S. Financial Services Conference (Transcript)
2024-12-11 19:41
Brookfield Asset Management Ltd. (NYSE:BAM) Goldman Sachs 2024 U.S. Financial Services Conference December 11, 2024 10:40 AM ET Company Participants Bruce Flatt - Chief Executive Officer Conference Call Participants Alex Blostein - Goldman Sachs Alex Blostein Okay. Good morning, everybody. Still morning. So good to see everyone. It's – we are going to get started with our next session. It is my pleasure to introduce Bruce Flatt, CEO of Brookfield Asset Management. Brookfield, of course is a leading global a ...
Brookfield Asset Management Ltd. (BAM) Goldman Sachs 2024 U.S. Financial Services Conference (Transcript)
Seeking Alpha· 2024-12-11 19:41
Brookfield Asset Management Ltd. (NYSE:BAM) Goldman Sachs 2024 U.S. Financial Services Conference December 11, 2024 10:40 AM ET Company Participants Bruce Flatt - Chief Executive Officer Conference Call Participants Alex Blostein - Goldman Sachs Alex Blostein Okay. Good morning, everybody. Still morning. So good to see everyone. It's – we are going to get started with our next session. It is my pleasure to introduce Bruce Flatt, CEO of Brookfield Asset Management. Brookfield, of course is a leading global a ...
Overrated And Underrated Blue-Chip Dividend Growth Stocks
Seeking Alpha· 2024-11-27 21:31
Dividend growth stocks can be a very powerful wealth-compounding tool over the long term. This is because you get the double passive income growth benefit of having dividend income that you can reinvest immediately into buying more shares ofIf you want access to our Portfolios that have crushed the market since inception and all our current Top Picks, join us for a 2-week free trial at High Yield Investor.We are the fastest growing high yield-seeking investment service on Seeking Alpha with a perfect 5/5 ra ...
Best Momentum Stocks to Buy for November 20th
ZACKS· 2024-11-20 16:15
Here are two stocks with buy rank and strong momentum characteristics for investors to consider today, November 20:Brookfield Asset Management Ltd. (BAM) : This real estate investment company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.1% over the last 60 days.Brookfield Asset Management's shares gained 39.8% over the last three months compared with the S&P 500’s advanced of 5.1%. The company possesses a Momentum Score of A.Shopify Inc. (SHOP) : ...
Best Income Stocks to Buy for November 20th
ZACKS· 2024-11-20 09:40
Here are two stocks with buy rank and strong income characteristics for investors to consider today, November 20:Brookfield Asset Management Ltd. (BAM) : This real estate investment company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.1% the last 60 days.This Zacks Rank #1 company has a dividend yield of 2.7%, compared with the industry average of 0.0%.Fidelis Insurance Holdings Limited (FIHL) : This insurance holding company has witnessed the Zacks Consensus Estimat ...
TerraForm Power Names Mark Noyes as CEO
GlobeNewswire News Room· 2024-11-19 17:03
NEW YORK, Nov. 19, 2024 (GLOBE NEWSWIRE) -- TerraForm Power, a leading developer, builder, and operator of renewable power, announced today that it has named Mark Noyes as Chief Executive Officer and President to further the company’s strategy across existing and new opportunities for growth. Mr. Noyes brings with him over 30 years of experience in the energy sector and joins TerraForm Power from RWE Clean Energy’s leadership team where he was the Chief Executive Officer. Under his leadership, RWE Clean Ene ...
Brookfield Asset Management .(BAM) - 2024 Q3 - Quarterly Report
2024-11-08 22:32
Assets Under Management - As of September 30, 2024, Brookfield Asset Management has over $1 trillion in assets under management (AUM) across various sectors including renewable power, infrastructure, real estate, private equity, and credit[39]. - The renewable power and transition segment has $103 billion in AUM, with a focus on low-carbon energy investments[52]. - The infrastructure segment has $202 billion in AUM, focusing on essential goods and services across utilities, transport, midstream, and data infrastructure sectors[55]. - The real estate segment manages over $272 billion in AUM, investing in iconic properties in dynamic markets[59]. - The private equity segment has $141 billion in AUM, focusing on high-quality businesses across business services and industrial sectors[63]. - As of September 30, 2024, Brookfield has $314 billion in assets under management (AUM) in its credit management division[67]. Financial Performance - For the three months ended September 30, 2024, net income was $129 million, an increase from $122 million in the prior period, driven by higher income from the Asset Management Company[73]. - The Manager recorded net income of $355 million for the nine months ended September 30, 2024, compared to $356 million in the prior period, impacted by higher interest expenses[74]. - Net income for Q3 2024 was $537 million, an increase of 5.3% from $510 million in Q3 2023[79]. - Revenues for Q3 2024 were $1.1 billion, representing a 25% increase from $893 million in Q3 2023[80]. - Total revenues for the Asset Management Company for the three months ended September 30, 2024, were $1,117 million, up from $893 million in the prior year[76]. - For the nine months ended September 30, 2024, net income was $1.4 billion, a decrease from $1.6 billion in the same period in 2023[91]. Fee Revenues and Distributable Earnings - The company aims to pay out approximately 90% of its Distributable Earnings to shareholders quarterly, reinvesting the balance back into the business[42]. - Fee Revenues for the three months ended September 30, 2024, were $1.2 billion, a 9% increase compared to the prior period, mainly due to a $96 million rise in base management fees[173]. - Distributable Earnings for the three months ended September 30, 2024, were $619 million, reflecting a 9% increase from the prior period, driven by higher Fee-Related Earnings[173]. - For the nine months ended September 30, 2024, Fee Revenues totaled $3.5 billion, a 6% increase from the prior period, primarily due to a $159 million rise in base management fees[175]. Expenses and Costs - Total expenses for the Asset Management Company for the three months ended September 30, 2024, were $476 million, compared to $313 million in the prior year[76]. - Compensation and benefits for Q3 2024 were $326 million, up 56% from $208 million in Q3 2023, primarily due to higher share-based compensation[86]. - Total expenses for the nine months ended September 30, 2024, were $1.3 billion, an 11% increase from $1.2 billion in the same period in 2023[99]. Capital and Investments - As of September 30, 2024, the company had Fee-Bearing Capital of $539 billion, with 88% being long-dated or perpetual, providing significant stability to earnings[42]. - The company managed approximately $259 billion of Fee-Bearing Capital across long-term private funds as of September 30, 2024[164]. - Fee-Bearing Capital in permanent capital vehicles and perpetual strategies reached approximately $211 billion as of September 30, 2024[164]. - Fee-Bearing Capital for Private Equity as of September 30, 2024, increased to $43.7 billion, up $4.9 billion or 13% from the previous period[220]. Strategic Initiatives - The company is pursuing strategic M&A opportunities to expand capabilities and enhance growth[42]. - The AEL Mandate increased the Manager's ownership in the Asset Management Company from approximately 25% to 27% following the acquisition of American Equity Investment Life Holding Company[74]. Market and Economic Conditions - The company is subject to various risks including market volatility, regulatory changes, and economic conditions that could impact future results[31]. - The overall increase in Fee-Bearing Capital was partially offset by distributions to clients and outflows due to redemptions within liquid and perpetual strategies[168][170].