Brookfield Asset Management (BAM) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.56%. A quarter ago, it was expected that this investment manager would post earnings of $0.35 per share when it actually produced earnings of $0.34, delivering a surprise of -2.86%.Over the last four q ...

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Wall Street expects a year-over-year increase in earnings on higher revenues when Brookfield Asset Management (BAM) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 4, 2024, might help the stock move higher if these key numbers ...

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MarsBars Prominent billionaire investors have recently been pouring capital into the Alternative Investments sector. For example, Mario Gabelli of GAMCO Investors recently increased his stake in KKR (KKR), a leading alternative asset manager. Prominent investor Ron Baron also recently opened a new position in KKR. Additionally, famous value investor Joel Greenblatt also made a significant increase in his KKR stake. Meanwhile, another prominent alternative asset manager, Brookfield Asset Management (BAM), wa ...

matdesign24 The US economy has proven to be remarkably resilient in the post-COVID era, even as many of its leading trading partners in Europe, China, and Japan have encountered economic challenges. However, with interest rates rising significantly since the start of 2022, and the artificial intelligence boom driving big tech stocks higher, the utility sector has faced the perfect storm. Rising interest rates have made its bond-like cash flows less attractive to investors, while the AI boom has sucked c ...

Former EDP Renewables Executive Further Strengthens Scout's Ability to Execute on 19 GW PipelineBOULDER, Colo., Aug. 21, 2024 /PRNewswire/ -- Today, Scout Clean Energy ("Scout"), a leading national renewable energy developer-owner-operator, announced the addition of Kris Cheney as Chief Development Officer, further fortifying Scout's established development capabilities. Cheney brings more than a decade of leadership experience developing wind, solar, and storage projects to Scout as it continues its signif ...

Financial Data and Key Metrics Changes - The company reported $1.1 billion in fee revenues for Q2 2024, a 6% increase year-over-year, and $4.5 billion over the last 12 months, up 5% [31] - Fee-related earnings (FRE) for the quarter were $583 million, reflecting a 6% increase, while distributed earnings (DE) were $548 million, up 4% [32] - Fee-bearing capital surpassed $514 billion, marking a 12% increase over the past three months and a 17% increase year-over-year [34] Business Line Data and Key Metrics Changes - The credit business experienced a 19% growth in fee revenues compared to Q2 2023, driven by strong market conditions and the acquisition of Castlelake [29][36] - The renewable power and transition business raised $4 billion in capital during the quarter, indicating robust fundraising activity [37] Market Data and Key Metrics Changes - The global economy is showing solid growth with modest inflation, and central banks have begun cutting interest rates, which is expected to support further growth [17] - Credit spreads have tightened, leading to increased financing opportunities across the portfolio, with $75 billion in financings executed this year [19] Company Strategy and Development Direction - The company aims to leverage its unique position as a leading renewable power and infrastructure investor to provide integrated solutions for data centers and renewable energy [46][48] - The focus remains on organic growth, with expectations to add another trillion in assets under management (AUM) over the next four years, primarily through the insurance and credit platforms [68] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the market's constructive backdrop for transactions, despite recent volatility, and anticipates increased transaction activity in the second half of the year [62][63] - The company expects to see significant monetization activity, particularly in the renewable power and transition sectors, as well as in private equity [78] Other Important Information - The Board of Directors declared a dividend of $0.38 per share for Q2, payable on September 27, 2024 [42] - The company has a strong liquidity position with $107 billion of uncalled fund commitments and $1.9 billion in cash on hand at the end of the quarter [41][42] Q&A Session Summary Question: Can you discuss your unique position as the largest combined renewable power and infrastructure investor? - Management highlighted the significant demand for infrastructure to support AI and cloud computing, noting that they are well-positioned to provide both power and data center capacity [46][47] Question: What is the progress on backfilling BGTF I? - Management indicated that they have all necessary deals in the pipeline to fill BGTF I and are approximately 20% deployed on BGTF II [50] Question: Can you elaborate on the embedded revenues and the opportunity for capital rotation? - Management confirmed that the AEL mandate will drive significant revenue growth, with expectations for a meaningful rotation of liquid securities into private funds over the next one to two years [54][55] Question: How do you view the current economic data and its impact on the market? - Management believes the recent volatility does not reflect the overall constructive market backdrop, with continued robust growth and liquidity expected [62][63] Question: What are the growth prospects for the insurance segment post-AEL? - Management emphasized the dramatic growth expected from the AEL mandate and the significant demand for insurance annuities, which will drive growth in the insurance platform [81][83]

Q2 SUPPLEMENTAL INFORMATION SECOND QUARTER ENDED JUNE 30, 2024 Brookfield Asset Management Overview Our Businesses by Fee-Bearing Capital Assets Under Management $995B Renewable Power & Transition $52B Infrastructure $91B Private Equity $40B Real Estate $93B Credit & Other BAM is a leading alternative asset manager with a 25-year track record of delivering strong, risk-adjusted returns by investing in high-quality assets, forming the backbone of the global economy | --- | --- | |--------------------------|- ...