13:41:46 EDT Thu 08 Jun 2023
Enter Symbol
or Name

Brookfield Asset Management Inc
Symbol BAM
Shares Issued 402,725,500
Close 2022-12-14 C$ 40.00
Recent Sedar Documents

Globe says Brookfield Asset makes unique market debut

2022-12-14 08:25 ET - In the News

Also In the News (C-BN) Brookfield Corp

The Globe and Mail reports in its Wednesday edition that two analysts commenced coverage on Brookfield Asset Management on Tuesday, a day after its unique market debut. The Globe's David Leeder writes that in May, Brookfield Asset Management revealed a plan to spin off its asset-management business to shareholders. The spinoff takes the ticker BAM and is called Brookfield Asset Management, while the original company changed its name to Brookfield Corp. and trades under the ticker symbol BN. Goldman Sachs analyst Alexander Blostein began coverage of Brookfield Asset Management with a "buy" recommendation, believing it provides investors with an "outsized exposure to some of the fastest growing parts of the market." Expecting the company to drive "robust" 20-per-cent-plus annual earnings growth through 2024, he set a $40 (U.S.) share target, representing 25-per-cent upside. BMO Nesbitt Burns analyst Sohrab Movahedi think Brookfield Asset Management offers investors "access to a 'pure-play' alternative asset management franchise with a proven record for double-digit fee-bearing capital growth, stable fee rates and margins coupled with the financial and operating synergies of Brookfield Corp.'s capital."

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